SEOUL, Oct. 27 (Korea Bizwire) — Relying too heavily on construction investment to stimulate South Korea’s economy could backfire, the Bank of Korea cautioned in a new report, citing Japan’s decades-long struggle with sluggish growth after its asset bubble burst. In a study released Sunday titled “Lessons from Japan and China’s Prolonged Weakness in Construction Investment,” [...]
SEOUL, Oct. 27 (Korea Bizwire) — A South Korean court has overturned a disciplinary order against a dentist who prescribed and took hair-loss medication for himself, ruling the action did not constitute unlicensed medical practice. The Seoul Administrative Court said it had sided with the dentist, identified by his surname A, who filed a suit to [...]
SEOUL, Oct. 27 (Korea Bizwire) — The number of young adults who grew up in state care seeking treatment for mental health problems has climbed sharply over the past five years, underscoring persistent challenges facing those transitioning to independent life, new government data shows. These young people, known in South Korea as “self-reliance preparation youths,” are [...]
VIENNA, Austria, Oct. 26, 2025 (Korea Bizwire) – A new global coalition, the RSV Alliance, has been launched to raise awareness about the risks of respiratory syncytial virus (RSV) infections, with a focus on aging populations and individuals with underlying health conditions. With core members including leading advocacy organizations the International Federation on Ageing (IFA) [...]
SEJONG, Oct. 26 (Korea Bizwire) — A major offshore gas development project in the East Sea has been thrown into uncertainty as the South Korean government moves to reassess plans that the state-run Korea National Oil Corporation (KNOC) had been pursuing with British oil giant BP. Industry officials said Sunday that the Ministry of Trade, Industry [...]
SEOUL, Oct. 26 (Korea Bizwire) — A popular bakery chain’s plan to close for a day to hold an employee sports festival has ignited an unexpected debate over changing attitudes toward workplace bonding in South Korea. Sungsimdang, a renowned bakery in the central city of Daejeon known for drawing tourists from across the country, announced that [...]
SEOUL, Oct. 26 (Korea Bizwire) — South Korea’s Supreme Court has upheld the acquittal of four former National Intelligence Service investigators accused of illegally recording private conversations during a domestic surveillance operation nearly a decade ago. The court affirmed a lower ruling last month that cleared the men of violating the country’s telecommunications privacy law, according [...]
SEOUL, Oct. 26 (Korea Bizwire) — Hyundai Engineering & Construction Co. has secured the first U.S. large-scale nuclear power project contract awarded to a South Korean company, a move that could significantly expand its presence in the rapidly growing American nuclear market. The company said Sunday it recently signed a preliminary design agreement with Fermi America, [...]
SEOUL, Oct. 26 (Korea Bizwire) — Trading activity on South Korea’s main stock market has climbed to its highest level in more than four years, propelled by a powerful rebound in semiconductor shares and renewed retail and foreign investor interest. Average daily turnover on the Korea Composite Stock Price Index stood at 16.6 trillion won ($11.5 [...]
SEOUL, Oct. 26 (Korea Bizwire) – Foreigners’ ownership of shares listed on South Korea’s main bourse has topped 1,000 trillion won (US$694 billion) on the back of the robust performance of the market this year, data showed Sunday. The combined value of foreign holdings in the Korea Composite Stock Price Index (KOSPI) market came to [...]