SEOUL, May 27 (Korea Bizwire) — South Korea has the highest employment rate among people aged 65 and older across the OECD, but the quality of jobs available to the elderly remains alarmingly low, driven by insufficient pension income and limited opportunities to leverage their lifelong careers. According to a recent report released by the National [...]
SEOUL, May 27 (Korea Bizwire) — Starbucks is breaking from its long-standing emphasis on face-to-face interaction by introducing self-ordering kiosks in South Korea and Japan — the first such move by the global coffee chain in either country. Starbucks Korea announced on Monday that it will begin rolling out kiosks this week at a limited number [...]
SEOUL, May 26 (Korea Bizwire) — For the first time since statistics began in 2018, South Korea’s once-booming coffee shop sector has shrunk, alongside a broader pullback across key self-employment industries. The decline underscores mounting pressure on small business owners from domestic economic stagnation, market saturation, and rising operating costs. According to data released Sunday by [...]
SEOUL, May 26 (Korea Bizwire) — Chinese home appliance maker Roborock has launched the world’s first robot vacuum equipped with a 5-axis robotic arm, signaling a leap forward in smart home automation. The newly introduced premium model, named Saros Z70, features a foldable robotic arm called “OmniGrip”, equipped with precision sensors, a camera, and LED lighting [...]
SEOUL, May 26 (Korea Bizwire) —HD Hyundai Heavy Industries, the shipbuilding arm of HD Hyundai, will unveil a bold vision for its expansion into the global naval defense market at South Korea’s largest maritime defense exhibition, MADEX 2025, opening May 28 in Busan. The company announced Sunday it will join forces with defense contractor LIG [...]
SEOUL, May 26 (Korea Bizwire) — South Korea is the only major OECD economy where the proportion of youth not in education, employment, or training (NEET) has increased over the past decade, according to a new government-backed study. The country’s NEET rate remains significantly above the OECD average, raising fresh concerns about barriers to labor market [...]
SEOUL, May 26 (Korea Bizwire) — With forecasts predicting a historically hot and humid summer, South Korean consumers are scrambling to buy air conditioners—especially smart models powered by artificial intelligence—well ahead of the seasonal norm. Samsung Electronics reported a sharp spike in domestic air conditioner sales, surpassing an average of 10,000 units sold per day from [...]
SEOUL, May 26 (Korea Bizwire) — South Korea has formally expanded the legal framework for hydrogen fuel usage beyond automobiles, paving the way for broader adoption of hydrogen-powered mobility technologies across diverse sectors including logistics and maritime transportation. The Ministry of SMEs and Startups and the city of Ulsan announced on Sunday that the regulatory sandbox [...]
Korean Delivery Workers Secure Voting Day Off Ahead of 2025 Presidential Election After Industry-Wide Pressure SEOUL, May 24 (Korea Bizwire) — As South Korea prepares for its 21st presidential election on June 3, a heated debate over delivery workers’ right to vote has drawn national attention — and ultimately, a resolution. Following mounting public pressure and [...]
ULLEUNG, South Korea, May 24 (Korea Bizwire) — A group of students and teachers from an international school in Qingdao, China, has completed a historic visit to South Korea’s easternmost islands, Ulleungdo and Dokdo, as part of a cross-cultural educational exchange. According to Ulleung County and the Korea Institute of Ocean Science and Technology (KIOST), 52 [...]