SEOUL, Jun. 12 (Korea Bizwire) – Despite spending 47 trillion won last year to tackle the country’s chronically low birth rate, about half of that budget was allocated to programs unrelated to the core issue, experts warned, calling for a restructuring of government spending to better address the demographic crisis. At a seminar on June 11 [...]
SEOUL, Jun. 12 (Korea Bizwire) – While “no kids zones” barring children’s entry are a familiar concept, a fitness center in Incheon has ignited debate after declaring itself a “no ajummas allowed” establishment, using a term that can be derogatory toward middle-aged Korean women. The controversy began when a post circulated on an online community for [...]
SEOUL, Jun. 11 (Korea Bizwire) – The Catholic University of Korea’s College of Medicine has come under scrutiny for offering paid anatomy lectures utilizing donated cadavers to non-medical professionals such as health trainers and Pilates instructors, sparking controversy. According to medical community insiders on June 10, a private company providing medical lectures to exercise instructors has [...]
SEOUL, Jun. 10 (Korea Bizwire) – Metabolic syndrome, characterized by the simultaneous occurrence of abdominal obesity, high blood pressure, high blood sugar, and dyslipidemia, may not be a severe condition itself. However, its importance lies in the significant increase it causes in the risk of developing cardiovascular diseases and diabetes over time, underscoring the necessity for [...]
SEOUL, Jun. 8 (Korea Bizwire) –As the United States Congress deliberates the Biosecure Act, which would prohibit federal agencies from dealing with certain Chinese biotech companies, South Korean pharmaceutical contract development and manufacturing organizations (CDMOs) are seizing the chance to attract new clients. The proposed legislation, which has reached the House floor for a full [...]
SEOUL, Jun. 7 (Korea Bizwire) – Facing mounting losses due to the emergence of formidable “C-commerce” rivals like Alibaba’s AliExpress and Temu, South Korea’s major e-commerce players have embarked on aggressive cost-cutting measures. Industry experts predict that these efforts to bolster profitability, rather than pursue growth at any cost, will continue throughout the year as external [...]
SEOUL, Jun. 7 (Korea Bizwire) – On the 31st anniversary of Samsung’s famous “New Management” declaration by its late chairman, Lee Kun-hee, a sense of crisis is gripping the tech giant as it grapples with declining profits and an unprecedented labor dispute. Since Lee’s groundbreaking speech in Frankfurt in 1993, where he warned that Samsung risked [...]
SEOUL, Jun. 6 (Korea Bizwire) –A staggering two out of three South Koreans aged 25 to 34 are living with their parents or are financially dependent on them, even if they reside separately, according to a new study on the phenomenon known as the “kangaroo tribe.” Hwang Gwang-hoon, an associate research fellow at the Korea [...]
SEOUL, Jun. 6 (Korea Bizwire) –Nine out of 10 South Koreans perceive the effects of climate change and believe their nation is facing a climate crisis, according to the results of an online survey on climate change released by the Korea Meteorological Administration on June 4. The survey, conducted through the Anti-Corruption and Civil Rights [...]
SEOUL, June 5 (Korea Bizwire) – Tensions are escalating between factions within Samsung Electronics’ labor unions, with the company’s overarching union alleging misconduct by the National Samsung Electronics Union after it declared an unprecedented strike last month. On the evening of June 3, A, the head of the DX division of Samsung’s enterprise union, posted a [...]