SEJONG, Jan. 24 (Korea Bizwire) — South Koreans have long joked that the nation’s unofficial retirement age is 45. Since the 1997-98 Asian financial crisis forced South Korea to receive an emergency bailout loan from the International Monetary Fund in return for a painful restructuring of its banks and corporate sectors, middle-aged workers here have [...]
SEOUL, Jan. 23 (Korea Bizwire) — Regional authorities are struggling with the lack of quarantine specialists in charge of prevention of African swine fever, avian influenza, and other livestock epidemics. Among 77 positions for government employees in charge of veterinary affairs available at 23 city and county governments in North Gyeongsang Province, only 43 had [...]
SEOUL, Jan. 23 (Korea Bizwire) — The energy storage system (ESS) industry, once spotlighted as a newly rising industry, is on the verge of a serious slump. The Hyundai Research Institute reported on Wednesday that the prolonged probe into fire accidents caused by ESS devices is slowing down the growth of the ESS market in [...]
SEOUL, Jan. 23 (Korea Bizwire) — One quarter of South Korean couples dealing with infertility have family conflicts, according to a recent study. According to an in-depth interview conducted by the CHA Bundang Women’s Medical Center last year on 100 patients who visited the hospital, 25 percent experienced family conflicts. Next on the list was [...]
SEOUL, Jan. 22 (Korea Bizwire) — The nation’s falling birth rate is expected to begin to take a toll on domestic universities and colleges from next year, a private institution in Seoul warned Wednesday. According to Jongno Haneul Education, the number of applicants for university entrance exams is expected to fall short of the combined [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Koreans differ on self-perception about health depending on the amount of income they receive, a recent study revealed. The Ministry of Health and Welfare conducted a survey of 13,000 members of 6,000 households over 15 years of age, 53.9 percent of whom regarded themselves as ‘healthy’. Only 30.9 [...]
SEOUL, Jan. 22 (Korea Bizwire) — The Army said Wednesday it decided not to allow a noncommissioned officer who underwent sex reassignment surgery to continue to serve in the military as a female soldier. The decision was made in a military committee meeting that looked into the case of Byun Hee-soo, a 22-year-old staff sergeant [...]
SEJONG, Jan. 22 (Korea Bizwire) — A service that informs Korean cattle farmers by predicting the genetic ability of female calves will be implemented to help genetically superior hanwoo give birth to multiple calves. Hanwoo refers to beef cattle produced in South Korea. The Rural Development Administration and NongHyup Agribusiness Group Inc. have established a [...]
SEOUL, Jan. 21 (Korea Bizwire) — The market for dietary supplements in South Korea has been expanding in recent years thanks to eye vitamins and probiotics. The Korea Health Supplements Association (KHSA), in a study of three-year data collected from 5,000 households, reported that the South Korean market for dietary supplements grew to 4.6 trillion [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s two tech giants — Samsung Electronics Co. and LG Electronics Inc. — said Tuesday they will unveil their new home appliance products at a U.S. trade show for the kitchen and bath market, highlighting their built-in design and artificial intelligence (AI) solutions. Samsung and LG are among [...]