SEJONG, Oct. 24 (Korea Bizwire) – According to a new report released by the National Assembly’s Budget and Policy Office, South Korea’s youth population is facing a significant decline, with an estimated 50 percent reduction by the year 2040 if the current low fertility rate persists. The report titled “Estimation of Total Population Reflecting Recent [...]
SEOUL, Oct. 22 (Korea Bizwire) – A year after the deadly crowd crush in Seoul’s Itaewon district that claimed 159 lives, survivors and bereaved families still seek the truth behind the bungled disaster response and a proper closure to their loss. The crowd crush, the deadliest ever in South Korea, took place in the nightlife [...]
SEOUL & TOKYO, Oct. 20 (Korea Bizwire) – Last week, as Japan faced mounting criticism for charging its citizens for chartered evacuation flights from Israel while South Korea provided free assistance to its citizens, the Japanese government decided to align with South Korea’s approach and offer complimentary evacuation support. In a recent development, the Japanese government has [...]
SEOUL, Oct. 20 (Korea Bizwire) – Close to half of all law school students in South Korea were found to be high-income earners. In some law schools, the proportion of high-income students exceeded 70 percent. According to data from the Korea Student Aid Foundation regarding the income status of law school students for the 2022-2023 period, 44 [...]
SEOUL, Oct. 18 (Korea Bizwire) –The government’s announcement regarding the expansion of medical school seats, originally scheduled for Thursday, has been deferred until the end of the year. In response to the determined stance of the medical community, the government has indicated its willingness to determine the extent of expansion after consulting with them. It [...]
SEOUL, Oct. 17 (Korea Bizwire) – Thanks to the invigoration of fintech companies’ loan comparison services, it is estimated that non-banking financial institutions have reduced their annual commission burden by more than 10 billion won. According to the parliamentary inspection data submitted by the Financial Supervisory Service on Monday, the average commission rate that the nation’s five [...]
SEOUL, Oct. 16 (Korea Bizwire) – South Korea boasts a robust post-burial culture steeped in ceremonies held at gravesites during special occasions. As a result, the demand for memorial flowers during each Chuseok holiday is substantial. However, over time, plastic flowers have gained popularity over their fresh counterparts as the preferred choice for memorial ceremonies. Unlike fresh [...]
SEOUL, Oct. 16 (Korea Bizwire) – The repercussions of the economic downturn have reverberated in the imported electric vehicle market, drawing attention to the widening wealth gap often described as “The rich get richer, the poor get poorer.” While sales of domestic electric vehicles (EVs) have been lackluster this year, there has been a notable surge in [...]
SEOUL, Oct. 16 (Korea Bizwire) – It appears that there is some validity to the notion that living in a metropolitan area can be advantageous for employment but less favorable for marriage. A study focused on young adults who were raised in metropolitan areas like Seoul and Gyeonggi Province and pursued their education in these areas indicates [...]
SEOUL, Oct. 13 (Korea Bizwire) – South Korea’s military exemptions granted to qualified athletes and musicians were called into question during a parliamentary audit Friday as this year’s Asian Games reignited debates over their fairness. Both ruling and opposition parties called on the Military Manpower Administration (MMA) to reconsider the current supplementary military system that [...]