SEOUL, Jan. 20 (Korea Bizwire) — South Korea is enduring one of its harshest midwinter cold spells in years, as temperatures plunged across the country during Daehan — the final and traditionally coldest of Korea’s 24 seasonal divisions — with forecasters warning that the freeze is likely to persist through the end of the month. In [...]
SEOUL, Jan. 20 (Korea Bizwire) – Nearly 40 percent of South Korean companies participating in the global Renewable Energy 100 percent (RE100) initiative are struggling to source renewable energy due to high costs and limited procurement options, a report showed Tuesday. Out of 183 South Korean firms that have joined the global campaign, 70, or [...]
SEOUL, Jan. 20 (Korea Bizwire) — More than eight in 10 people abroad now hold a favorable view of South Korea, a level of international goodwill not seen since the government began tracking the country’s global image seven years ago, according to a report released Tuesday. In a 2025 survey conducted by the Ministry of Culture, [...]
SEOUL, Jan. 20 (Korea Bizwire) — A growing share of young South Koreans are stepping away from the labor market altogether, a shift that economists say reflects deeper structural strains in an economy struggling to adapt to technological change and slowing growth. According to a report released Tuesday by the Bank of Korea, the proportion of [...]
SEOUL, Jan. 20 (Korea Bizwire) – The South Korean government said Tuesday that it would introduce a temporary tax incentive aimed at encouraging retail investors to bring money back home, as policymakers seek to stem persistent capital outflows that have weighed on the nation’s currency. Under the plan, individual investors who sell overseas stocks this [...]
SEOUL, Jan. 20 (Korea Bizwire) – The recent rally in the benchmark Korea Composite Stock Price Index (KOSPI) was largely uneven, with a few large-cap stocks dominating, data showed Tuesday. The KOSPI Large Cap Index jumped 18.27 percent since Dec. 30, the last trading day of 2025, as of Monday, according to the data from [...]
SEOUL, Jan. 20 (Korea Bizwire) – The chief of the country’s financial watchdog said Tuesday that his agency will look into risks related to private equity funds (PEFs), highlighting that illegal and unfair practices by some PEF operators may seriously undermine market principles. In a meeting with the heads of a dozen PEFs here, Lee [...]
SEOUL, Jan. 20 (Korea Bizwire) – The market capitalization of Hyundai Motor Co. was seen approaching the 100 trillion-won (US$67.7 billion) level for the first time Tuesday, as growing investor optimism over its robotics and autonomous driving initiatives drove the company’s share price toward record highs. The share price of Hyundai Motor rose as high [...]
SEOUL, Jan. 20 (Korea Bizwire) — For many South Koreans, a dignified end of life means minimizing physical suffering and sparing loved ones from financial strain, according to a new nationwide study that sheds light on changing attitudes toward death in one of the world’s fastest-aging societies. The research, released Monday by the Korea Institute for [...]
SEOUL, Jan. 20 (Korea Bizwire) — As the number of long-term foreign residents in South Korea surpasses two million for the first time, public attitudes toward immigration remain cautious, with nearly half of Koreans saying the scale of the foreign population feels larger than expected, a new study shows. According to a report released Monday by [...]