SEOUL, June 17 (Korea Bizwire) — In a striking shift driven by demographic change, South Korea’s workforce participation rate among people aged 60 and older has reached near parity with that of the country’s youth, signaling a new era in the nation’s labor market. According to data released Monday by Statistics Korea, the economic participation rate [...]
SEOUL, June 17 (Korea Bizwire) — A new report warns that South Korea’s elderly population faces a growing “double burden” as rising health insurance premiums and income taxes increasingly eat into public pension payouts, significantly reducing retirees’ real disposable income. According to a study released Tuesday by the National Pension Research Institute, the 2022 overhaul of [...]
SEOUL, June 17 (Korea Bizwire) — A growing number of South Korean healthcare workers believe the country is facing a severe shortage of doctors, a situation they say has worsened over the past year and is fueling systemic strain across hospitals. According to a survey released Monday by the Korean Health and Medical Workers’ Union, [...]
SEOUL, June 17 (Korea Bizwire) — A new government-backed study has raised doubts about the effectiveness of routine endoscopic screenings for stomach and colorectal cancers in South Koreans aged 80 and older, prompting calls for more individualized screening guidelines for elderly patients. The Korea Health Industry Development Institute (KHIDI) released a report Monday based on [...]
SEOUL, June 17 (Korea Bizwire) — With South Korea set to require all KOSPI-listed firms to submit corporate governance reports starting in 2026, POSCO Holdings has emerged as the top performer in governance compliance over the past five years, according to a comprehensive industry analysis released Tuesday. The study by Leaders Index, which reviewed 2024 corporate [...]
SEOUL, June 17 (Korea Bizwire) — The Bank of Korea’s issuance of 10-won coins hit an all-time monthly low in May, underscoring the accelerating decline of physical currency in a society increasingly reliant on digital payments. According to data released Tuesday from the central bank’s Economic Statistics System, just 17 million won worth of 10-won [...]
SEOUL, June 17 (Korea Bizwire) — The Korea Game Society issued a strongly worded statement on Monday, condemning reports of a potential takeover bid by Chinese tech giant Tencent for South Korean gaming powerhouse Nexon, framing the move as a threat to national industrial sovereignty rather than a routine business transaction. Describing the reported acquisition [...]
SEJONG, June 16 — South Korea’s antitrust watchdog has imposed penalties on two major online game publishers, Krafton and Com2uS, for misleading players about the odds of winning in-game items—marking another step in a widening regulatory crackdown on deceptive practices in the gaming industry. The Korea Fair Trade Commission (KFTC) announced Monday that it has fined [...]
SEOUL, June 16 (Korea Bizwire) — Labor tensions are intensifying at South Korea’s top platform companies as unions at Naver and Kakao step up protests, raising fresh questions about corporate governance and workforce management in the country’s fast-evolving tech sector. According to the ICT industry on Sunday, Naver’s union, part of the Korean Federation of [...]
CHUNCHEON, June 16 (Korea Bizwire) – A coalition of environmental groups opposed to the controversial Mount Seorak cable car project has filed an emergency injunction seeking to suspend the development, citing irreversible ecological damage. The coalition, known as the National Action to Protect Mount Seorak National Park, submitted a request to the Chuncheon District Court on [...]