SEOUL, March 16 (Korea Bizwire) — The number of young South Koreans who were jobless or opted to remain economically inactive surpassed 1.2 million last month amid tough job market conditions, data showed Sunday. A total of 1.21 million individuals aged 15 to 29 either remained unemployed or economically inactive to prepare for a job [...]
SEOUL, March 16 (Korea Bizwire) — South Korea’s LG Electronics and Samsung Electronics have once again secured top rankings in U.S. Consumer Reports, extending their dominance from washing machines to refrigerators. According to industry sources, LG Electronics was recently ranked No. 1 in the 30-inch and 33-inch top-freezer refrigerator categories in Consumer Reports’ 2025 Best Refrigerators [...]
ULSAN, South Korea, March 16 (Korea Bizwire) – HD Hyundai Heavy Industries has launched the shipbuilding industry’s first proprietary Korean language proficiency test for foreign workers, aiming to improve workplace communication and safety. On Sunday, the company administered the HD TOPIC (Test of Korean for Practical Industrial Communication) at its Ulsan headquarters, evaluating approximately 500 [...]
SEJONG, South Korea, March 14 (Korea Bizwire) — South Korea’s economy is increasingly influenced by domestic factors rather than global conditions, signaling a shift toward self-driven growth and stability, according to a new report from the Korea Institute for International Economic Policy (KIEP). The study, released on Thursday by KIEP’s International Macroeconomics and Finance Division, [...]
SEOUL, March 14 (Korea Bizwire) — South Korea has designated May 29 as “Medical Device Day” and September 7 as “Cosmetics Day” as part of broader legislative reforms aimed at strengthening industry oversight and public awareness. The Ministry of Food and Drug Safety announced on Thursday that the National Assembly passed amendments to six laws, [...]
SEOUL, March 14 (Korea Bizwire) — In a bid to address the growing demand for skilled foreign labor, the South Korean government, in collaboration with local municipalities, is launching a pilot program to train foreign workers in their home countries before their employment in South Korea. The Ministry of Employment and Labor announced on Thursday that [...]
SEOUL, March 14 (Korea Bizwire) — Seoul’s iconic Teheran-ro, the bustling thoroughfare that cuts through the heart of Gangnam District, will soon see dramatic changes to its skyline as city officials remove height restrictions and allow for dramatically increased density in new developments. The Seoul Metropolitan Government announced on March 13 that it has approved modifications [...]
SEOUL, March 14 (Korea Bizwire) — More than half of South Korea’s listed companies received no coverage from securities analysts last year, with research reports heavily concentrated on large-cap stocks and companies listed on the country’s main KOSPI board. According to data released on March 13 by the Korea IR Association’s Corporate Research Center, while the [...]
SEOUL, March 14 (Korea Bizwire) — In Mongolia, where liver cancer rates are the highest in the world, a 15-year partnership with a South Korean hospital has enabled 300 patients to receive life-saving liver transplants without leaving their country. Asan Medical Center in Seoul announced on March 13 that its program to establish living-donor liver transplantation [...]
SEOUL, March 14 (Korea Bizwire) — Korean polar researchers have discovered a promising new material for lithium-sulfur battery development in an unexpected place: Antarctic waters. The Korea Polar Research Institute (KOPRI) announced on March 13 that a team of researchers had identified a key component for next-generation lithium-sulfur batteries from a red algae species found near [...]