SEOUL, May 4 (Korea Bizwire) — Last December, a mother in her 60s was found dead at her home nearly seven months after she had died, leaving behind a mentally impaired son with no means of support. The tragedy led to a renewed debate over whether family members, even if estranged, should be required to [...]
SEOUL, May 4 (Korea Bizwire) — About half of South Koreans in their 40s who live in metropolitan areas own their own homes, but they are still having difficulty preparing for old age due to the cost of their home and spending on education for their children. A research unit under KEB Hana Bank released [...]
SEOUL, May 1 (Korea Bizwire) — One-person households accounted for the largest proportion of all households in Seoul at 33.3 percent, the city government said Saturday. Of 4,041 households surveyed between November and January, single-member households were the most common, followed by two members (25.8 percent), three members (20.6 percent) and four members (19.2 percent), [...]
SEOUL, April 30 (Korea Bizwire) — Last month, South Koreans woke up to the chilling news of a 24-year-old stalker having killed a woman, her mother and younger sister after she cut off contact with him and changed her phone number. His monthslong stalking foreshadowed more violent crimes, but law enforcement failed to take steps [...]
SEOUL, April 29 (Korea Bizwire) – South Korea’s central bank is set to launch a pilot program to test the viability of a central bank-issued digital currency (CBDC) in the second half of this year. In a report released on Wednesday, the Bank of Korea (BOK) unveiled plans to test the CBDC’s entire lifecycle of [...]
SEOUL, April 28 (Korea Bizwire) — A string of job posts that ban or welcome the application of feminists are stirring up a controversy in South Korea. Recently, an owner of a convenience store in Nowon District in Seoul stipulated in a job post for a part-timer that the applicant shouldn’t be a feminist. Soon [...]
SEOUL, April 27 (Korea Bizwire) – South Korea’s major business lobby groups on Tuesday said they have submitted a petition for the pardon of Lee Jae-yong, the imprisoned de facto leader of Samsung Group, to the presidential office for the sake of the national economy amid a global semiconductor shortage. Cheong Wa Dae, however, gave [...]
SEOUL, April 26 (Korea Bizwire) — Acute decreases in in-person classes caused by the spread of COVID-19 appear to have greatly impacted the academic achievements of middle and high school students in South Korea, civic activists said Monday. Domestic middle and high schools, which shifted to online classes for many months last year to stem [...]
SEOUL, April 23 (Korea Bizwire) – South Korea’s financial authorities are moving to impose an income tax on cryptocurrency trading from next year, but investors in digital tokens have raised a nagging question about the proposed taxation. A growing number of cryptocurrency investors have cried foul over whether the government will collect a tax on [...]
SEOUL, April 22 (Korea Bizwire) — Having had a highly frustrating year without her yearly regenerative trips to famous overseas tourism spots due to the COVID-19 pandemic, 39-year-old office worker Kim Hyun-joo decided it’s time to chill out and splurge a bit. One weekend this April, she went on a tour of an upscale shopping [...]