SEOUL, Mar. 19 (Korea Bizwire) – As stubbornly high inflation persists, South Korean households are tightening their purse strings even on private education expenses, long considered the last bastion of family budgets, according to data released on March 18. BC Card, a major credit card company, reported a staggering 24 percent year-over-year plunge in education-related spending [...]
JEJU, Mar. 19 (Korea Bizwire) – In an uplifting tale that has captured hearts across the nation, 18 mixed-breed dogs who once roamed the streets of Jeju Island have successfully “debuted” into loving families over the past two and a half years, courtesy of an ingenious adoption campaign. The project, spearheaded by a group called “Tangerine [...]
SEOUL, Mar. 18 (Korea Bizwire) – A recent study has shed light on the varying perceptions of occupational prestige across different countries, with lawmakers being held in high regard in Korea, China, and Japan, while firefighters are esteemed in the U.S. and Germany. The research, conducted by the Korea Research Institute for Vocational Education and Training [...]
SEOUL, Mar. 18 (Korea Bizwire) – South Korea is set to significantly expand a program that allows residents to safely dispose of expired or unwanted medication simply by dropping it into a mailbox, reducing environmental hazards from improper disposal. According to the Ministry of Environment, as many as 43 municipal governments across the country could adopt [...]
SEOUL, Mar. 17 (Korea Bizwire) – Following a streak of losses, Samsung Electronics’ semiconductor division is on the brink of a financial turnaround, with projections indicating a shift to profitability in the first quarter of this year. This anticipated recovery follows SK Hynix’s successful return to profit, signaling an end to the prolonged semiconductor industry [...]
SEOUL, Mar. 17 (Korea Bizwire) – A fresh analysis reveals that wages in South Korea now surpass those in Japan across both major corporations and smaller enterprises, marking a significant shift over the past two decades. The Korea Enterprises Federation (KEF) unveiled a comprehensive report titled “International Comparison and Implications of Korea-Japan Wage Trends” on Sunday, [...]
SEOUL, Mar. 17 (Korea Bizwire) – The surge in direct purchases from China via e-commerce channels witnessed a substantial spike of 70% last year, according to data released by the Korea Customs Service on March 17. Concurrently, the volume of consumer complaints has tripled, reflecting the growing challenges posed by this burgeoning trend. The figures [...]
SEOUL, Mar. 16 (Korea Bizwire) – In a revealing study on South Korea’s labor market dynamics and their impact on family planning, researchers have pointed to a stark disparity in birth rates between contract (irregular workers not covered by major insurance) and full-time corporate employees. The findings suggest that the fertility rate among women in [...]
SEOUL, March 16 (Korea Bizwire) – Major general hospitals have requested the government expand low-interest loans for them as the protracted walkout by trainee doctors has disrupted hospital operations, causing billions of won in deficits per day, sources said Friday. The walkout, which has continued for over three weeks, disrupted operations of major general hospitals [...]
SEOUL, Mar. 15 (Korea Bizwire) – South Korean citizens holding a driver’s license issued in their home country can now acquire an Ohio driver’s license without undergoing further testing, as established by a recent agreement between the two regions. The Korean National Police Agency (KNPA) announced that it had entered into a ‘Mutual Recognition Agreement for [...]