SEOUL, Oct. 25 (Korea Bizwire) – Data released by South Korea’s National Tax Service has revealed significant income disparities among the country’s workforce, with the average annual salary standing at 41.23 million won while top earners command substantially higher wages, particularly in the capital region. According to figures obtained by Representative Ahn Do-geol of the Democratic [...]
SEOUL, Oct. 25 (Korea Bizwire) – South Korea is set to maintain its economic edge over Japan and Taiwan in per capita GDP this year, according to recent International Monetary Fund projections, with forecasts suggesting it will surpass the $40,000 milestone by 2027. In its World Economic Outlook report released on October 22, the IMF projected [...]
SEOUL, Oct. 25 (Korea Bizwire) – In the week following Han Kang’s historic Nobel Prize in Literature win, South Korean bookstores reported a remarkable 40% increase in sales, with older readers leading the buying surge. According to data analyzed by BC Card, major bookstore chains, both online and offline including Kyobo Book Centre, saw their sales [...]
SEOUL, Oct. 24 (Korea Bizwire) – South Korea’s National Intelligence Service (NIS) has discovered an illicit trade of prescription ADHD medications through social media platforms, raising concerns about drug abuse among students. In a joint operation with police conducted from July to September, the NIS identified 37 chat rooms on Telegram and X (formerly Twitter) dedicated [...]
ULSAN, Oct. 23 (Korea Bizwire) – Researchers at the Ulsan National Institute of Science and Technology (UNIST) have developed an innovative device aimed at alleviating depressive symptoms through guided writing exercises, the university announced on October 22. The device, developed by professor Kim Chajoong’s team at UNIST’s Department of Design, specifically targets individuals with anxious attachment [...]
CHEONAN, Oct. 23 (Korea Bizwire) – “You won’t find bathrooms like this in Paris. These are facilities you’d expect in a five-star hotel, but here in Korea, anyone can use them for free right in the middle of a highway. It’s truly amazing,” said Mikael, 39, a French tourist, giving a thumbs up after using the [...]
SEOUL, Oct. 22 (Korea Bizwire) – As tensions between the medical community and the government continue to simmer, an increasing number of South Korean doctors are exploring opportunities abroad, signaling a potential brain drain in the nation’s healthcare sector. On October 19, a healthcare consulting company held an information session for Tokushukai Group, Japan’s largest medical [...]
SEOUL, Oct. 22 (Korea Bizwire) – A recent survey has shed light on the persistent challenge of maintaining work-life balance in South Korea’s demanding corporate culture, with two out of three office workers reporting they receive work-related communications even after leaving the office. The survey, conducted by Global Research on behalf of the workplace rights organization [...]
SEOUL, Oct. 22 (Korea Bizwire) – Lee Ki-jin, a physics professor at Sogang University known for declining a blank check offer from Chinese tech giant Huawei, has recently made headlines for a different reason: a breakthrough in non-invasive blood glucose monitoring. Lee, also recognized as the father of K-pop star CL from the group 2NE1, has [...]
SEOUL, Oct. 21 (Korea Bizwire) – In a rare admission of weakness, Samsung Electronics has acknowledged internal problems affecting its semiconductor business, marking a formal recognition of the crisis that has been brewing throughout the year. The head of Samsung’s semiconductor division, Kyung Kye-hyun, expressed remorse for the company’s weakening technological competitiveness, conceding that the issues [...]