SEOUL, July 17 (Korea Bizwire) – A leading government-affiliated research institute has issued a stark warning against adopting a defined contribution (DC) pension model as an alternative to South Korea’s current national pension system, calling it a “poisoned chalice” ill-suited to the country’s demographic and economic realities. The report, released Wednesday by the National Pension [...]
SEOUL, July 17 (Korea Bizwire) — On a quiet Friday afternoon in Eunpyeong District, a group of middle-aged Seoul residents gathered not just to cook—but to connect. They were participants in Eunbit SOL Dining, a community cooking program that is part of Seoul’s broader Happy Table initiative aimed at reducing social isolation among one-person households [...]
SEOUL, July 17 (Korea Bizwire) — On the eve of a pivotal Supreme Court ruling concerning Chairman Lee Jae-yong, Samsung is maintaining a strict silence, underscoring the high stakes of a case that has shadowed the group for nearly a decade. South Korea’s Supreme Court is set to deliver its final verdict on Thursday on [...]
SEOUL, July 17 (Korea Bizwire) — A decade-long study involving nearly 3.85 million South Korean adults has found a significant link between poor oral health and increased cancer risk and mortality—particularly among people over 50. Led by Professors Kim Gye-hyung of Seoul National University Hospital and Lee Seung-yeon of Seoul Boramae Medical Center, the study [...]
SAMCHEOK, July 17 (Korea Bizwire) – A national open-water swimming competition in Samcheok, South Korea, ended in chaos and controversy after it was abruptly canceled on the day of the event, leaving hundreds of participants furious over poor communication, lack of contingency planning, and a refusal to issue refunds. The 14th Samcheok Isabu General National [...]
SEOUL, July 17 (Korea Bizwire) — As South Korea grapples with deepening youth unemployment, a new study reveals that the share of employees in their 20s at the country’s top conglomerates has plummeted over the past two years—raising concerns about a generational imbalance in the corporate workforce. According to a report released Wednesday by CEO [...]
SEOUL, July 16 (Korea Bizwire) — South Korea’s financial institutions are rapidly embracing cloud computing, with 92 percent now using public cloud services — and more than half of them relying on Amazon Web Services (AWS), according to new industry data. At a press briefing held Wednesday in Seoul, Noh Kyung-hoon, head of AWS’s financial services [...]
CHUNCHEON & SEOUL, July 16 (Korea Bizwire) — LG CNS, the digital transformation arm of LG Group, is stepping into the burgeoning insect industry with plans to construct a cutting-edge smart insect farm in Chuncheon, Gangwon Province, aimed at automating and digitizing the mass production of edible insects such as mealworms. The initiative marks the company’s [...]
SEOUL, July 16 (Korea Bizwire) — Boy band Monsta X on Wednesday attributed its decade-long run to the family-like bond and shared sense of purpose among its members, as the group marked 10 years since its debut. “I’ve spent more time with my bandmates than with my own brother who lives abroad,” member Minhyuk said [...]
SEOUL, July 16 (Korea Bizwire) — LG Electronics’ all-in-one washer-dryer, the LG WashTower, has been named the best laundry appliance by leading media outlets in the United States and Europe, the company announced Tuesday. Forbes magazine ranked the WashTower as the “Best Overall Washer Dryer” for its exceptional ease of use, washing performance, energy efficiency, [...]