SEOUL, Jan. 5 (Korea Bizwire) — The United States’ recent attack on Venezuela and North Korea’s ballistic missile launch are expected to have a limited impact on the South Korean economy, the finance ministry said Monday. The assessment was made in an emergency meeting held to review the economic situation following the recent events, which [...]
SEOUL, Jan. 5 (Korea Bizwire) — The soundtrack for Netflix’s hit animated film “KPop Demon Hunters” has surged back into the top tiers of the Billboard 200 albums chart. Billboard said in a preview of this week’s chart Sunday (U.S. time) that the soundtrack jumped seven spots to No. 3. The Billboard 200 ranks the [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korea’s richest business leaders saw a sharp surge in their stock wealth over the past year, lifted by a strong rally in domestic equities, with gains exceeding 35 trillion won ($26 billion) among the heads of the country’s largest conglomerates, according to a new analysis released Monday. A report [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korea’s venture companies have sharply strengthened their technological competitiveness over the past decade, significantly expanding research and development spending and intellectual property holdings while also improving their financial health, according to a government-backed survey released on Sunday. Data from the Venture Enterprise Survey, comparing results from 2015 and 2025, [...]
SEOUL, Jan. 5 (Korea Bizwire) — Employees at smaller companies in South Korea are significantly less satisfied with their jobs and more likely to experience violations of labor laws than those at larger firms, according to a new survey released on Sunday by the civic group Workplace Bullying 119. The survey, conducted by Global Research between [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korea’s demographic shift toward an aging and increasingly solitary population accelerated in 2025, with people aged 65 and older now accounting for more than one-fifth of the country’s registered residents, government data showed, underscoring mounting social and economic challenges for the nation. According to an annual population analysis released [...]
TOKYO, Jan. 4 (Korea Bizwire) — The United States military in South Korea is reassessing the scope of its operations with an eye toward a potential conflict over Taiwan, a shift that would mark a significant broadening of the force’s traditional mission of deterring North Korea, according to a report published Sunday by Nikkei. The Japanese [...]
SEOUL, Jan. 4 (Korea Bizwire) — More than 50,000 customers of KT Corp., South Korea’s second-largest mobile carrier, have canceled their subscriptions after the telecom company began waiving early termination penalties following a major data breach, industry sources said Friday. According to the sources, 52,661 KT users moved to rival carriers between Wednesday and Saturday. [...]
SEOUL, Jan. 4 (Korea Bizwire) — Foreign investors’ presence in South Korea’s stock market climbed to its highest level in nearly six years in December, buoyed by a sharp rally in equities and growing optimism about the country’s semiconductor industry. Foreign ownership reached 32.9 percent of total market capitalization, the highest since April 2020, after overseas [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korean families are spending far more on private education than they did a decade ago, underscoring how deeply supplemental tutoring has become embedded in the country’s competitive education system. Household spending on private education — including hagwons, or for-profit after-school academies — reached nearly 29.2 trillion won ($20.2 billion) [...]