SEOUL, Jan. 17 (Korea Bizwire) — A recent survey conducted by the Ministry of Agriculture, Food and Rural Affairs in South Korea reveals that the average monthly cost of raising a pet is about 130,000 won, and one in five pet owners have considered giving up their pets. The survey, conducted online between November 3 and 13 [...]
SEOUL, Jan. 15 (Korea Bizwire) — As South Korea grapples with an aging population, pharmaceutical companies are increasingly looking at ‘medifood’ as a potential new growth area. Medifood, also known as ‘food for special medical purposes,’ includes beverages and meals specially designed for the elderly or others who require particular nutritional care due to health reasons. On [...]
HWACHEON, Jan. 13 (Korea Bizwire) –Amid the recent opening of the Sancheoneo Ice Festival in Hwacheon County, several national civic organizations, including vegetarian groups, have condemned the event, accusing organizers and participants of animal cruelty. On January 12, representatives from the Korean Vegetarian Union and other groups gathered in Gwanghwamun Square, Seoul, for a press [...]
SEOUL, Jan. 12 (Korea Bizwire) – Out of 89 regions in South Korea designated as declining in population, nine have successfully reversed this trend, largely due to a common factor: improvements in the residential environment. According to the ’2023 Year-End Resident Registration Population Statistics’ released by the Ministry of the Interior and Safety on January 10, [...]
JEJU, Jan. 12 (Korea Bizwire) – Jeju Island in South Korea is set to fully implement a new program designed to compensate local residents and landowners who contribute to the preservation of the island’s natural environment. The initiative will soon be recruiting participants, following the establishment of implementation guidelines. These guidelines include setting an hourly wage [...]
SEOUL, Jan. 11 (Korea Bizwire) – A recent study by the National Pension Research Institute has uncovered a concerning reality for South Korea’s older population. Nearly half of the individuals over 50 years old find themselves without support in times of sudden financial need. As part of the study, over 6,200 people aged 50 and above [...]
SEOUL, Jan. 11 (Korea Bizwire) – In a significant move towards sustainable practices, Seoul’s food delivery and takeaway services are seeing a transformative shift with the introduction of reusable containers. This initiative, part of the city’s ‘Zero Restaurant’ project, aims to reduce the burgeoning use of single-use plastics. Since December 2022, participating restaurants, like the one [...]
SEOUL, Jan. 11 (Korea Bizwire) – The Health Insurance Review and Assessment Service (HIRA) in South Korea recently reported a significant rise in the number of individuals seeking treatment for depression, surpassing one million in 2022. Looking back over the past five years, there has been a consistent increase in these numbers. Starting from 753,011 in [...]
SEOUL, Jan. 10 (Korea Bizwire) – South Korea’s elderly population aged 70 and older outnumbered those in their 20s for the first time last year, government statistics showed Wednesday, as the society is rapidly aging amid record low birth rates. According to the resident registration data compiled by the interior ministry, the number of people [...]
SEOUL, Jan. 9 (Korea Bizwire) – The Korean dining industry is increasingly adopting the ‘shop-in-shop’ concept, offering a win-win strategy that attracts attention. This approach allows businesses to enhance brand recognition through specialized stores while providing customers the convenience of exploring a variety of items in one location. According to industry reports from January 8, Lotte [...]