SEOUL, March 27 (Korea Bizwire) — On weekends, 55-year-old Jang Mo clocks into a small dessert café in Seoul not for a paycheck, but for family. She spends 12 hours a day pulling espresso shots, washing dishes, and scrubbing floors—all to support her daughter’s dream of running a successful bakery. But dreams, Jang has learned, [...]
SEOUL, May 27 (Korea Bizwire) — South Korea has the highest employment rate among people aged 65 and older across the OECD, but the quality of jobs available to the elderly remains alarmingly low, driven by insufficient pension income and limited opportunities to leverage their lifelong careers. According to a recent report released by the National [...]
SEOUL, May 27 (Korea Bizwire) — As South Korea’s aviation industry braces for structural shifts and intensifying competition, domestic airlines are increasingly pursuing exclusive international routes to differentiate themselves and tap into niche travel markets, industry data shows. As of May 2025, Korean carriers operate 76 international routes without overlap from other domestic airlines — [...]
SEOUL, May 27 (Korea Bizwire) — As South Korea grapples with a prolonged domestic slowdown, economists and policymakers are sounding the alarm over an increasingly potent structural threat: the country’s shrinking and aging population. Already facing stagnating consumer sentiment, high inflation, and global uncertainty, South Korea’s economy is now contending with the compounding impact of demographic [...]
SEOUL, May 27, 2025 (Korea Bizwire) — All seven members of global K-pop sensation BTS will have completed their mandatory military service by June 2025, sparking renewed anticipation for a long-awaited group comeback in South Korea and across the global music industry. While Jin and J-Hope have already returned to civilian life, RM and V [...]
DAEJEON, South Korea, May 27 (Korea Bizwire) — An international research team led by KAIST has developed a groundbreaking non-invasive imaging technique that enables three-dimensional observation of cancer tissue without the need for traditional staining or incisions. KAIST announced on May 26 that Professor YongKeun Park’s team in the Department of Physics, in collaboration with [...]
SEOUL, May 27, 2025 (Korea Bizwire) — As the United States intensifies its efforts to curb China’s shipbuilding dominance, global shipping giants are increasingly turning to South Korean shipyards for new vessel orders, according to industry sources and reporting by TradeWinds. Germany’s Hapag-Lloyd, the world’s fifth-largest container shipping line, had been considering placing new orders [...]
SEOUL, May 27 (Korea Bizwire) — Starbucks is breaking from its long-standing emphasis on face-to-face interaction by introducing self-ordering kiosks in South Korea and Japan — the first such move by the global coffee chain in either country. Starbucks Korea announced on Monday that it will begin rolling out kiosks this week at a limited number [...]
INJE, South Korea, May 27 (Korea Bizwire) — The 2025 Oxfam Trailwalker Korea, a global charity endurance event co-hosted by Oxfam Korea and Inje County in Gangwon Province, concluded successfully over the weekend, raising more than 235 million won (approximately US$174,000) in donations. Now in its eighth year, the event drew 820 participants across 205 [...]
SEOUL, May 26 (Korea Bizwire) — For the first time since statistics began in 2018, South Korea’s once-booming coffee shop sector has shrunk, alongside a broader pullback across key self-employment industries. The decline underscores mounting pressure on small business owners from domestic economic stagnation, market saturation, and rising operating costs. According to data released Sunday by [...]