SEJONG, Nov. 14 (Korea Bizwire) — South Korea’s housing wealth gap continued to widen last year as expensive homes climbed further in value while lower-priced properties lost ground, according to new government data released Friday. The National Data Office said the price difference between the top 10 percent and bottom 10 percent of homes ballooned to [...]
SEJONG, Nov. 13 (Korea Bizwire) — Fewer South Koreans say they plan to give anything back when they’re gone. Only about one in five now say they would leave part of their estate to society, the lowest share in more than a decade of record-keeping. The figure—22.2 percent, according to the National Data Agency’s latest Social [...]
SUNCHEON, South Korea, Nov. 11 (Korea Bizwire) — The families of those killed in the 1948 Yeosu-Suncheon Incident say they are being wronged a second time—this time not by soldiers, but by lawyers. More than seventy-five years after their parents and grandparents were branded traitors and executed during South Korea’s turbulent birth, survivors are now accusing [...]
SEOUL, Nov. 11 (Korea Bizwire) — More than one in four South Korean households expect their financial situation to improve next year, even as a growing share of the population reports feeling lonely, according to a government survey released Tuesday. The biennial survey, conducted by the Ministry of Data and Statistics, found that 27 percent of [...]
SEOUL, Nov. 10 (Korea Bizwire) — A major cheating scandal has erupted at Yonsei University after evidence surfaced that a large number of students used ChatGPT and other artificial intelligence tools during an online midterm exam, prompting the professor to threaten disciplinary action. The professor of “Natural Language Processing (NLP) and ChatGPT,” a third-year course [...]
SEOUL, Nov. 7 (Korea Bizwire) – Government officials discussed Friday ways to supply public housing in the greater Seoul area through the use of idle state-owned land in order to meet the growing need for new homes in the capital region, according to the finance ministry. The meeting, attended by officials from relevant ministries and [...]
SEOUL, Nov. 7 (Korea Bizwire) — Culture Minister Chae Hwi-young on Friday visited Jongmyo Shrine in central Seoul with the head of the nation’s heritage agency and vowed to “take every possible measure,” including revising laws, to prevent high-rise buildings from being built directly across from the shrine. The visit came a day after the Supreme [...]
SEOUL, Nov. 7 (Korea Bizwire) — A controversy over overwork has erupted in South Korea after the death of a young employee at the popular bakery chain London Bagel Museum (known locally as Runbaemyu), with the victim’s family alleging that he worked excessive hours in the weeks leading up to his death. According to the family, [...]
SEOUL, Nov. 5 (Korea Bizwire) — Xiaomi announced Tuesday that it will launch a special discount event for its flagship smartphone, the Xiaomi 15 Ultra, after Chinese President Xi Jinping presented the device to South Korean President Lee Jae-myung during their recent summit. Xiaomi Korea said it was “honored” that one of its latest flagship models [...]
SEOUL, Nov. 4 (Korea Bizwire) — Seoul’s experiment with “no-scooter zones” has drawn strong public support, with a majority of residents reporting safer and more comfortable pedestrian environments, city officials said Monday. The pilot program, the first of its kind in South Korea, was launched in May along two busy stretches: the 1.3-kilometer Red Road [...]