SEOUL, June 9 (Korea Bizwire) — Just days into his presidency, Lee Jae-myung is facing a cautiously optimistic public. According to a new Realmeter survey released Monday, nearly 6 in 10 South Koreans believe the newly inaugurated leader will perform well in managing state affairs. Yet the number reflects a more tempered confidence compared to [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s rapidly aging population is reshaping the country’s most common reasons for hospitalization, overtaking once-dominant childbirth-related admissions, according to newly released health data. The Health Insurance Review and Assessment Service (HIRA) announced on June 8 that the most common cause of hospitalization covered by the national health insurance system [...]
SEOUL, June 9 (Korea Bizwire) — Hitejinro Co. said Monday its flagship soju brand Jinro has been named the world’s best-selling spirit for the 24th consecutive year by the British drinks industry publication, Drinks International. In 2024, Hitejinro sold 96.8 million cases (9 liters per case) of soju products worldwide, the company said in a [...]
SEOUL, June 9 (Korea Bizwire) — A majority of South Korean exporters recognize the need to employ artificial intelligence (AI) in their businesses to boost efficiency, but only a small fraction are actively utilizing the technology, a survey showed Monday. According to the survey conducted from Feb. 17-19 by the Korea International Trade Association (KITA), [...]
SEOUL, June 9 (Korea Bizwire) — The unification ministry voiced regret Monday over a recent anti-North Korea leaflet campaign staged by a group of families of those abducted by North Korea, “strongly” calling on them to suspend the campaign. Families of abduction victims launched four large latex balloons carrying leaflets into North Korea from the [...]
SEOUL, June 9 (Korea Bizwire) — While the overall incidence of sexual harassment in South Korean workplaces has declined slightly, a new government report reveals a troubling surge in online abuse—a shift attributed to the rise in remote and hybrid work settings. According to a triennial survey released Monday by the Ministry of Gender Equality [...]
SEOUL, June 9 (Korea Bizwire) — Four in ten South Korean companies have already implemented artificial intelligence technologies in their operations, marking a rapid acceleration of AI adoption across industries, according to a new government-backed report released on June 8. The report, commissioned by the Ministry of Trade, Industry and Energy and conducted by E-Consumer, [...]
SEOUL, June 9 (Korea Bizwire) — Corporate retirement pension funds grew nearly 13 percent from a year earlier in 2024, breaching the 400 trillion-won mark for the first time since their introduction in 2005, while their return on investment declined, data showed Monday. The total amount of corporate retirement pension funds under management came to [...]
SEOUL, June 9 (Korea Bizwire) — The musical “Maybe Happy Ending” won Best Musical at the Tony Awards, a historic first for an original Korean musical, demonstrating the power of a Korean-created show to resonate on the global stage. The musical brought home the top honor from the 78th annual Tony Awards, celebrating excellence in [...]
SEOUL, June 9 (Korea Bizwire) — As South Korea concludes its 21st presidential election, the country is now contending with the environmental aftermath: a staggering amount of waste generated by campaign materials, including brochures, posters, and banners. According to the National Election Commission (NEC) on June 8, over 580 million sheets of election brochures were distributed [...]