SEOUL, June 25 (Korea Bizwire) — Nearly eight out of ten of South Korea’s largest companies are clustered in the greater Seoul area, highlighting a deepening imbalance in the nation’s corporate geography — one that’s reigniting debate over regional development and decentralization. According to a recent report by market research firm CEO Score, 385 out [...]
SEOUL, June 25 (Korea Bizwire) — More than 8.47 million South Koreans—including freelancers, gig workers, and platform laborers—now make up a major portion of the labor market, yet remain largely excluded from the country’s national pension system, a new government report has found. The Korea Institute for Health and Social Affairs (KIHASA) released a report [...]
SEOUL, June 25 (Korea Bizwire) – More than 20 million people in South Korea received prescriptions for medical narcotics last year, reflecting a steady rise in usage across the population, according to a new government report released Tuesday. The Ministry of Food and Drug Safety and the Korea Institute of Drug Safety & Risk Management [...]
SEOUL, June 25 (Korea Bizwire) — More than half of recent South Korean college graduates view the private sector’s growing preference for experienced hires as a major obstacle to entering the job market, according to a new report by the Korea Chamber of Commerce and Industry (KCCI). In its analysis of 144,181 job postings listed [...]
SEOUL, June 25 (Korea Bizwire) – Once the dominant force in South Korea’s imported vehicle market, diesel-powered passenger cars are facing a steep decline as consumers increasingly turn to cleaner alternatives. According to data released Tuesday by the Korea Automobile Importers & Distributors Association (KAIDA), only 1,469 imported diesel passenger vehicles were sold in South [...]
SEOUL, June 25 (Korea Bizwire) — Workers at Neople, the Nexon subsidiary behind the blockbuster Dungeon & Fighter franchise, will stage a full-scale, three-day strike this week—marking the first such labor action in South Korea’s gaming industry. The Neople union, part of the Korean Confederation of Trade Unions (KCTU), announced Tuesday that it will hold mass [...]
SEOUL, June 24 (Korea Bizwire) — Samsung Electronics has officially introduced the Exynos 2500, its most advanced smartphone processor to date, signaling a major leap in chip design and manufacturing ahead of next month’s Galaxy Unpacked event in New York. Detailed on Samsung’s official website, the Exynos 2500 is the first smartphone application processor (AP) to [...]
SEOUL, June 24 (Korea Bizwire) — Following BTS member Suga’s donation of 5 billion won (US$3.62 million) to help build a treatment center for children with autism, fans around the world have responded with an outpouring of support, hospital officials said Tuesday. Severance Hospital in Seoul announced that public donations for the planned Min Yoon-gi [...]
SEOUL, June 24 (Korea Bizwire) — While global consumers continue to favor monochromatic car colors, South Korean buyers are increasingly opting for vibrant, expressive hues, according to a new report by global coatings manufacturer Axalta. The report, released on June 22, shows that in 2024, 24% of cars sold in South Korea featured chromatic (non-neutral) [...]
SEOUL, June 24 (Korea Bizwire) — In a striking display of corporate soft power, Saudi Aramco, the world’s largest oil producer, is leading a campaign to reduce plastic waste at baseball stadiums in Seoul—an unlikely green initiative from a company synonymous with hydrocarbons. Aramco Korea announced Tuesday that it will expand its reusable container program to [...]