SEOUL, Jan. 5 (Korea Bizwire) — South Koreans are increasingly turning to video platforms rather than internet portals to consume news, signaling a broader shift from text-based journalism to visual formats, according to a new nationwide survey released on Monday. The findings, published in the Korea Press Foundation’s 2025 Media Audience Survey, show that the share [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korea’s Defense Ministry is weighing an unconventional idea to confront two converging national challenges: a shrinking pool of young recruits and a growing cohort of unemployed older men. Officials are considering employing men in their 50s and 60s as border and security personnel, a proposal that has drawn both [...]
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 [...]
SEOUL, Dec. 31 (Korea Bizwire) — A broader swath of South Korean companies will soon be required to file regulatory disclosures in English, a move aimed at opening the country’s capital markets further to foreign investors, even as a newly enacted pro-labor law is set to raise compliance risks for businesses. Beginning May 1, the Financial [...]
SEOUL, Dec. 31 (Korea Bizwire) — The number of high-skilled workers in South Korea grew for the fourth consecutive year in 2024, with such jobs in the semiconductor sector increasing by the most, government data showed Wednesday. The total number of industrial technology workers stood at 1.74 million as of end-2024, up 1.1 percent from [...]
SEOUL, Dec. 31 (Korea Bizwire) — Coupang disclosed the results of its controversial internal probe into a massive data breach directly to U.S. regulators without prior coordination with the South Korean government, according to filings reviewed Tuesday. In a submission to the U.S. Securities and Exchange Commission dated Monday, the U.S.-listed e-commerce giant said that [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s semiconductor industry is pushing back against political calls to relocate the massive Yongin semiconductor cluster away from the Seoul metropolitan area, warning that any abrupt change to the project could disrupt investment plans and undermine the country’s global competitiveness in chips. The concerns come after Kim Sung-hwan, the [...]
SEOUL, Dec. 29 (Korea Bizwire) — Nearly one in 20 South Koreans has limited monthly social interaction through mobile communications, highlighting a growing segment of the population at risk of social isolation, according to a government-backed data analysis released on Monday. The findings, published by the National Data Agency, mark the first nationwide statistical attempt to [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korean companies are facing a widening shortage of research and development workers, particularly in strategically important technologies such as semiconductors and artificial intelligence, according to a new industry survey released on Monday. The survey, conducted by the Korea Industrial Technology Association, found that corporate research institutes were short about [...]
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 [...]