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 [...]
POHANG, Jun. 5 (Korea Bizwire) – A new study has found that if current levels of fine dust pollution in South Korea persist, the number of premature deaths caused by fine dust exposure could triple by 2050 compared to present levels. A research team led by professor Lee Hyung-joo from the Department of Environmental Engineering at [...]
SEOUL, Jun. 4 (Korea Bizwire) – Nearly one in three South Koreans born in the 1960s fear dying alone, according to a recent survey, highlighting growing anxieties about inadequate care and financial instability for a cohort known as the last to have supported their parents and the first to receive little assistance from their children. The [...]
SEOUL, Jun. 3 (Korea Bizwire) – A staggering 24% of dual-income families in Seoul experience symptoms of depression, according to a new study by the Seoul Research Institute. Working mothers and fathers struggle with insufficient societal and institutional support for child-rearing and caregiving responsibilities. Alarmingly, 15.8% of unmarried youths in Seoul within the optimal marriage age [...]
SEOUL, Jun. 3 (Korea Bizwire) – The number of medical facilities capable of handling births in South Korea has plummeted by over 30% in the past decade, according to recent government data, raising concerns over access to maternal care across the nation. More than 70 regions either lack obstetrician-gynecologist (OB-GYN) clinics entirely or have facilities unable [...]
SEOUL, June 3 (Korea Bizwire) — Average South Korean workers in their 20s need 86.4 years to buy an apartment in Seoul using only their wage earnings, a report showed Monday. Lee Han-jin, a researcher at the Labor Institute of the Korean Confederation of Trade Unions, the largest umbrella union, released the report based on [...]
SEOUL, May 31 (Korea Bizwire) –Fans of the K-pop act NewJeans rallied behind the girl group’s founder and CEO after she won a temporary injunction blocking her company’s attempts to remove her, escalating a bitter corporate dispute playing out in public. In a fiery statement, the fan collective Bunnies welcomed the court’s decision to prevent [...]