SEOUL, Nov. 6 (Korea Bizwire) — A new report shows that the number of involuntary retirees caused by the ‘COVID-19 recession’ has been on the rise, heightening uncertainty and anxiety over life after retirement in a society where achieving retirement security is increasingly elusive among older workers. More than 70 percent of respondents over 40 [...]
SEOUL, Nov. 3 (Korea Bizwire) — Supply chain worries loom over the South Korean economy as China has started to impose limits on exports of urea. Urea water is indispensable in an emissions control system called selective catalytic reduction (SCR). Vehicles powered by diesel engines are required to be equipped with SCR systems, which are [...]
SEOUL, Nov. 2 (Korea Bizwire) — Men are more likely to feel socially isolated, while women are more prone to loneliness, according to a recent study conducted by one of the leading mental health experts in the nation. Led by psychiatry professor Hong Jin-pyo at Samsung Medical Center, a research team looked into the mental [...]
SEOUL, Nov. 1 (Korea Bizwire) – City centers in Seoul welcomed back the return of rush hour crowds Monday morning as office workers and students resumed their in-person lives under the government’s “living with COVID-19″ scheme aimed at bringing the nation gradually back to pre-pandemic normalcy. South Korea activated on Monday the first of the [...]
SEOUL, Oct. 27 (Korea Bizwire) — Since the survival drama “Squid Game” gained larger-than-expected popularity throughout the world on Netflix, the world’s big-name platform operators like Disney+ and Apple TV+ have been competing to spend huge money to secure Korean-made content. But critics have raised questions whether it’s right for local productions to allow such [...]
SEOUL, Oct. 26 (Korea Bizwire) — Concert organizers, movie theaters, singers and other members of the cultural sector are gearing up to resume long-suspended shows, concerts and performances after the government unveiled a roadmap for a gradual return to normalcy from the COVID-19 pandemic. According to the roadmap, most coronavirus restrictions, such as nighttime curfews [...]
SEOUL, Oct. 22 (Korea Bizwire) — South Korea reported 1,440 new daily cases Friday in a downward trend in its coronavirus infections as its strong vaccination push seems to be helping prevent the spread of the coronavirus from spinning out of control. The new tally, including 1,420 local infections, brought the total caseload to 348,969, [...]
SEOUL, Oct. 21 (Korea Bizwire) – South Korea’s launch of its first homegrown space rocket ended in “half-success” Thursday, but it will likely prompt the country to double its efforts to join the global space club with its homegrown rocket technology. The KSLV-II, also known as Nuri, carried a 1.5-ton dummy satellite after being blasted [...]
SEOUL, Oct. 20 (Korea Bizwire) — While the market presence of Netflix in South Korea has recently been buoyed by the worldwide success of “Squid Game,” other big-name global and homegrown streamers, like Disney+ and Tving, have been rolling up their sleeves to shake up the landscape of the local streaming service market. Since its [...]
SEOUL, Oct. 19 (Korea Bizwire) — South Korea is set to gradually phase out coronavirus restrictions starting next month as the vaccination rate rises, joining a list of countries embracing a new scheme of returning to normal life with the coronavirus. The scheme, dubbed “Living with COVID-19,” is set to take effect in early November. [...]