SEOUL, Dec. 26 (Korea Bizwire) — South Koreans are reporting their highest levels of satisfaction with leisure life in nearly a decade, reflecting a shift toward more meaningful and self-directed use of free time, according to a government survey released on Friday. The Ministry of Culture, Sports and Tourism and the Korea Culture & Tourism [...]
SEOUL, Dec. 26 (Korea Bizwire) — South Korea’s National Human Rights Commission said on Friday that Coupang, the country’s largest e-commerce platform, has refused to comply with its recommendation to broaden the hiring of foreign delivery workers, adding to scrutiny already facing the company over a recent personal data leak. The commission said it decided [...]
SEOUL, Dec. 26 (Korea Bizwire) — The national pension fund has resumed strategic foreign exchange hedging operations as authorities stepped up efforts to stabilize the local currency, sources said Friday. The National Pension Service (NPS) restarted the program after extending both its currency swap agreement and the temporary strategic hedging scheme for another year, which [...]
SEOUL, Dec. 26 (Korea Bizwire) — The unification ministry said Friday it plans to integrate the main center and branch of Hanawon, the state facility for supporting North Korean defectors’ resettlement, next year amid a sharp decline in the number of such people coming to South Korea in recent years. Currently, the headquarters of Hanawon [...]
SEOUL, Dec. 26 (Korea Bizwire) — KG Mobility Corp., a South Korean carmaker, on Friday unveiled the all-new Musso pickup model in the domestic market as it seeks to strengthen the Musso pickup brand. The new Musso, developed under the project name Q300, has been added to the existing lineup, which includes the Musso Sports [...]
SEOUL, Dec. 26 (Korea Bizwire) — LG Electronics Inc. said Friday it plans to showcase new gaming monitors with built-in artificial intelligence (AI) technology capable of upscaling contents to 5K resolution. The LG UltraGear evo monitors will be introduced during the Consumer Electronics Show (CES) in Las Vegas in January, the South Korean tech giant [...]
SEOUL, Dec. 26 (Korea Bizwire) — A new social media trend in South Korea that pairs exaggerated claims of poverty with images of conspicuous wealth is drawing growing backlash, as critics argue that the so-called “poverty meme” trivializes real economic hardship in a country marked by widening inequality. The trend, popular on the platform Threads, typically [...]
SEOUL, Dec. 26 (Korea Bizwire) — A significant share of South Korean adolescents who have experienced school violence have also engaged in violence against their parents, according to a new academic study, underscoring concerns that trauma suffered at school can spill over into the home and pointing to the need for family-based interventions. The findings, [...]
SEOUL, Dec. 26 (Korea Bizwire) — South Korean investors turned to familiar blue chips and high-flying U.S. technology stocks when gifting shares this year, with Samsung Electronics emerging as the most popular choice, according to data released by KB Securities. An analysis of KB Securities’ stock-gifting service, covering transactions through Dec. 22, showed that shares of [...]
SEOUL, Dec. 26 (Korea Bizwire) — South Korea’s arcade industry is seeing a resurgence in spending as venues grow larger and attract an older, more affluent clientele, according to new data from KB Kookmin Card. An analysis of card transactions at about 400 entertainment and leisure merchants nationwide found that average per-person spending at arcades reached [...]