SEOUL, March 3 (Korea Bizwire) — Fairness and justice have been pressing concerns in South Korean society for years. More than a decade ago, Michael J. Sandel, a professor of government at Harvard University, rocked the country with his explosive best-seller “Justice: What’s the Right Thing to Do?”– a thought-provoking piece that struck a chord [...]
SEOUL, March 3 (Korea Bizwire) — The values that millennials and Generation Z prioritize the most when selecting a job are shifting from one’s potential for growth to wages and working hours, a think tank report said Thursday. The Korea Institute for Industrial Economics & Trade analyzed 104,511 college graduates from 2008 to 2019 using [...]
SEOUL, March 2 (Korea Bizwire) — The March 1 Independence Movement against Japanese colonial rule in 1919 is an important moment in Korean history and is even enshrined in the country’s constitution. Celebrities’ efforts to raise awareness about this historic event in Korea’s independence movement have been a hot topic. During this year’s March 1 [...]
SEOUL, March 1 (Korea Bizwire) — South Korea has been abuzz about the issue of bullying lately, particularly with the return of the Netflix original series “The Glory”, which has raised awareness of school violence around the world. The series, which has become a must-watch for TV fans everywhere, will be back for Part 2 [...]
SEOUL, March 1 (Korea Bizwire) — The Ministry of Health and Welfare has indicated significant changes to the country’s health insurance payment standards in a bid to improve financial stability and prevent fraud. The measures were revealed during the 3rd Health Insurance Policy Deliberation Committee on Tuesday, with the vice minister stating that the aim [...]
SEOUL, March 1 (Korea Bizwire) — A significant number of young Koreans have debts that are more than three times what they earn every year, largely due to rising housing prices and investment fever, a report showed Tuesday. According to data analyzed by the Korea Institute for Health and Social Affairs, households represented by young [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s health ministry recently announced the 5th Basic Plan for Suicide Prevention (2023-2027) during a public hearing on Feb. 13. One of the key initiatives is the ban on the production of coal fire lighters, which are commonly used in suicide attempts, and the development of eco-friendly alternatives. [...]
SEOUL, Feb. 26 (Korea Bizwire) — Only 4 percent of single South Korean women in their 20s and early 30s view marriage and childbirth as essential, a survey showed Sunday, a development that illustrated the chronic decline in childbirths in Asia’s fourth-largest economy. Meanwhile, 12.9 percent of single men in the same age bracket agreed [...]
SEOUL, Feb. 25 (Korea Bizwire) — The top 0.1 percent of wealthy individuals in South Korea earned nearly 70 times more than the median income earners in 2021, data showed Saturday. Statistics from the National Tax Service cited by Rep. Yang Kyung-sook of the opposition Democratic Party also showed the share of the total income [...]
SEOUL, Feb. 24 (Korea Bizwire) – The government is considering offering greater flexibility to companies with regard to the 52-hour workweek, by allowing them to extend the maximum weekly work hours to either 64 or 69 hours. The workweek system introduced in 2018 limits overtime work to 12 hours per week to ensure the total [...]