SEOUL, Dec. 26 (Korea Bizwire) – South Korean venture companies collectively achieved over 240 trillion won ($165 billion) in sales last year, ranking third among the nation’s top corporate groups, according to data released on December 25 by the Ministry of SMEs and Startups. This places them behind only Samsung Group (295 trillion won) and [...]
SEOUL, Dec. 26 (Korea Bizwire) — Insurance payouts for small business closures in South Korea have reached a historic high of 1.3 trillion won in 2024, reflecting the deepening impact of the economic slowdown, according to the Korea Federation of SMEs. The federation reported on December 25 that payments under the “Yellow Umbrella” business closure insurance [...]
SEOUL, Dec. 26 (Korea Bizwire) – In 2025, South Koreans will see a number of small and big changes, including some that will improve convenience in their daily lives and some that may even lead to changes in how they live. Among Korean companies, CJ Logistics Corp. is set to take what may be the [...]
SEOUL, Dec. 26 (Korea Bizwire) – South Korea’s tap water supply coverage has reached an impressive 99.5%, according to the 2023 National Waterworks Statistics released by the Ministry of Environment on Wednesday. The report highlights improved water supply infrastructure, reduced leakage rates, and a modest increase in water rates. Key Findings from the Report The [...]
SEOUL, Dec. 26 (Korea Bizwire) — The supply of new private apartments in South Korea is projected to fall below 150,000 units (160,000 including unconfirmed projects) in 2025, marking the lowest level since 2000, according to industry analysts. This dramatic decline is attributed to a complex mix of factors, including rising construction costs and policy implementation [...]
INCHEON, Dec. 26 (Korea Bizwire) — Members of the South Korean Coast Guard are developing new equipment to improve maritime rescue operations, with several officers recently receiving recognition for their inventions. The Korea Coast Guard announced on December 25 that Senior Officer Kim Myung-seop from the Seogwipo Coast Guard Station won the gold prize at the [...]
SEOUL, Dec. 26 (Korea Bizwire) — A joint Korean-American research team has uncovered key patterns in how mammalian brains process neural activity, providing new insights into the structure of neural networks. The Korea Advanced Institute of Science and Technology (KAIST) announced on December 24 that researchers led by professors Paik Se-bum and Jung Min Whan, in [...]
SEOUL, Dec. 26 (Korea Bizwire) —Sejong emerged as the leading region for work-life balance in South Korea in 2023, according to a report released by the Ministry of Employment and Labor on Wednesday. The region excelled in providing optimal working hours, leisure opportunities, and effective implementation of work-family integration policies. The annual Regional Work-Life Balance [...]
SEOUL, Dec. 26 (Korea Bizwire) —A recent survey revealed that small business owners using self-service kiosks are saving labor costs equivalent to employing approximately one staff member. However, the cost of adoption and operational hurdles remain significant concerns. According to the Korea Federation of SMEs, 93.8% of 402 businesses, including restaurants, cafes, and PC rooms, [...]
GUMI, Dec. 25 (Korea Bizwire) — On Christmas morning, hundreds of bottles of drinking water were delivered to the Korean Optical High Tech factory in Gumi, North Gyeongsang Province, where two dismissed workers have been staging a grueling rooftop sit-in protest for 352 days. The delivery was a result of a spontaneous nationwide campaign sparked [...]