SEOUL, May 14 (Korea Bizwire) — South Korea’s state-run economic think tank on Wednesday sharply cut its growth forecast for the local economy this year to 0.8 percent, citing rising global trade uncertainties and weakening exports. The revised projection by the Korea Development Institute (KDI) represents a 0.8 percentage-point drop from its previous estimate of [...]
WASHINGTON, May 13, 2025 (Korea Bizwire) – The Sabin Vaccine Institute today awarded the Albert B. Sabin Gold Medal to pediatrician Katherine O’Brien, MD, MPH, for her research on the pneumococcal vaccine and leadership in global vaccine research and access, and its Rising Star Award to dedicated physician and public health specialist Livancliff Mbianke, MD, [...]
SEOUL, May 14 (Korea Bizwire) — A state-funded research institute has recommended the introduction of a “lifestyle registration system” as a necessary first step toward implementing the dual address system promised by Lee Jae-myung, the presidential candidate of the Democratic Party of Korea. In a report released Tuesday, the Korea Research Institute for Human Settlements [...]
SEOUL, May 14 (Korea Bizwire) — South Korea’s political and labor circles are locked in heated debate over a proposal to raise the legal retirement age from 60 to 65, reflecting growing tensions between an aging population and youth employment concerns. The issue, reignited during Labor Day remarks by Democratic Party leader Lee Jae-myung, has polarized [...]
SEOUL, May 14 (Korea Bizwire) — Nearly 6 out of 10 South Korean companies report that new employees leave within one to three years of joining, underscoring growing concerns over early attrition in the workforce, according to a new survey released by HR tech firm Incruit. The study, based on responses from 446 HR professionals, found [...]
SEOUL, May 14 (Korea Bizwire) — Starting this June, South Korea will begin using artificial intelligence in clinical settings to assist with the interpretation of chest X-rays, aiming to enhance early detection of major pulmonary diseases such as lung cancer and tuberculosis. The Ministry of Health and Welfare has designated the AI-assisted diagnostic tool as an [...]
SEOUL, May 14 (Korea Bizwire) — South Korea’s pharmaceutical and biotech companies view the Trump administration’s push to lower U.S. prescription drug prices as a potential tailwind for domestic drugmakers, particularly those in the biosimilar space. Former President Donald Trump, who is expected to run again in the 2026 election, issued an executive order last week [...]
SEOUL, May 13 (Korea Bizwire) — South Korea’s eco-friendly market has surged to a valuation of 34 trillion won (approximately $24.7 billion), but consumer participation in sustainable practices is on the decline, a new survey by the Korea Consumer Agency reveals. The nationwide study, which polled 3,200 adults, found that although 66.4% of respondents are currently [...]
SEOUL, May 13 (Korea Bizwire) — South Korea’s department store sector suffered a difficult first quarter as sluggish domestic consumption weighed heavily on sales and profits, with only Lotte Department Store managing to post a notable profit boost, thanks to strong performance in overseas operations and internal restructuring efforts. According to industry data released Tuesday, Lotte [...]
As China hosts the fourth ministerial meeting of the China-CELAC (Community of Latin American and Caribbean States) Forum in Beijing this Tuesday, CGTN publishes an article highlighting how China-CELAC cooperation is delivering tangible benefits to local communities. The article also underscores China’s sincere commitment to working hand in hand with CELAC countries on five major [...]