SEOUL, Dec. 31 (Korea Bizwire) — The number of high-skilled workers in South Korea grew for the fourth consecutive year in 2024, with such jobs in the semiconductor sector increasing by the most, government data showed Wednesday. The total number of industrial technology workers stood at 1.74 million as of end-2024, up 1.1 percent from [...]
SEOUL, Dec. 31 (Korea Bizwire) — South Korea’s Supreme Court has ruled that the state can be held legally responsible for the death of a former detainee of the notorious Samcheong reeducation camps, recognizing a causal link between government misconduct and the victim’s suicide years after his release. According to legal officials on Tuesday, the Third [...]
SEOUL, Dec. 31 (Korea Bizwire) — Coupang disclosed the results of its controversial internal probe into a massive data breach directly to U.S. regulators without prior coordination with the South Korean government, according to filings reviewed Tuesday. In a submission to the U.S. Securities and Exchange Commission dated Monday, the U.S.-listed e-commerce giant said that [...]
SEOUL, Dec. 26 (Korea Bizwire) — South Koreans are reporting their highest levels of satisfaction with leisure life in nearly a decade, reflecting a shift toward more meaningful and self-directed use of free time, according to a government survey released on Friday. The Ministry of Culture, Sports and Tourism and the Korea Culture & Tourism [...]
SEOUL, Dec. 24 (Korea Bizwire) — More than seven in 10 foreign nationals running small businesses in South Korea are Chinese, highlighting the growing role of Chinese entrepreneurs in the country’s local service economy, according to a new report released Tuesday. An analysis by the Korea Immigration Policy Institute found that Chinese nationals accounted for 72.5 [...]
SEOUL, Dec. 24 (Korea Bizwire) — Samsung Electronics has stepped up its push into new growth sectors with its second billion-euro acquisition of the year, signaling a renewed appetite for large-scale dealmaking as it expands beyond its traditional strongholds. The company said Tuesday that it had acquired the advanced driver-assistance systems business of Germany’s ZF Friedrichshafen [...]
SEOUL, Dec. 23 (Korea Bizwire) — The South Korean government on Tuesday laid out a five-year strategy aimed at overhauling the country’s chemical industry, betting that a shift toward high-value and environmentally friendly products will help it fend off mounting competition and chronic oversupply from China. Under the plan, announced by the Ministry of Trade, [...]
SEOUL, Dec. 22 (Korea Bizwire) — As weight-loss drugs gain popularity in South Korea, gyms that once thrived on New Year’s diet resolutions are beginning to feel the strain. Fitness centers across Seoul report a noticeable shift in consumer behavior as more people turn to prescription obesity treatments such as Wegovy and Mounjaro instead of exercise [...]
SEOUL, Dec. 18 (Korea Bizwire) — The number of foreign workers in South Korea surpassed 1.1 million in 2025 to reach a record high, with the proportion of employed international students also sharply up, a survey showed Thursday. As of May, there were 1.69 million foreigners aged 15 or older residing in Korea, up 8.4 [...]
SEOUL, Dec. 17 (Korea Bizwire) — Foreign visitors to South Korea are increasingly favoring “value-for-money” shopping aligned with personal tastes, signaling a shift away from the high-end, big-ticket purchases that once dominated tourist consumption, according to new data released by the Korea Tourism Organization (KTO). An analysis of foreign credit card transactions from 2018 through September [...]