SEOUL, Aug. 6 (Korea Bizwire) – South Korea’s gig economy workforce, comprising delivery riders, designated drivers, and other platform-based workers, reached approximately 883,000 in 2023, according to a new government study released on August 5. The Ministry of Employment and Labor and the Korea Employment Information Service conducted the 2023 Platform Worker Survey based on a [...]
SEOUL, Aug. 6 (Korea Bizwire) – In a stark reversal of fortune for South Korea’s once-booming real estate market, the number of properties entering foreclosure has skyrocketed, reaching levels not seen in over a decade. According to government data released on August 4, July saw 13,631 applications for the commencement of voluntary auction registration for real [...]
SEOUL, Aug. 6 (Korea Bizwire) – KT, a major telecommunications company in South Korea, announced on August 5 that it will introduce a new program called Sharing Solo, aimed at connecting unmarried professionals in their 30s and 40s through volunteer activities. The initiative targets employees from businesses and organizations near Gwanghwamun, a historic district in central [...]
SEOUL, Aug. 6 (Korea Bizwire) – A recent fire involving a Mercedes-Benz electric vehicle in the underground parking garage of a large apartment complex in Incheon has been traced to a battery manufactured by Farasis Energy, a Chinese electric vehicle battery producer. According to the Ministry of Land, Infrastructure and Transport and industry sources, the battery [...]
SEOUL, Aug. 6 (Korea Bizwire) – The South Korean government’s initiative to cover emergency medical costs for patients unable to pay has resulted in significant financial losses, according to a recent report. Data released by the Ministry of Health and Welfare shows that over the past five and a half years, the government has been unable [...]
SEOUL, Aug. 6 (Korea Bizwire) – LG Electronics has introduced a groundbreaking addition to South Korea’s home appliance market: the country’s first water purifier with built-in ice preservation technology. The company announced the launch of its LG PuriCare ObjetCollection Ice Water Purifier on August 5, marking a significant innovation in the competitive water purifier industry. The [...]
SEOUL, Aug. 5 (Korea Bizwire) – A recent study has revealed a significant decline in South Korea’s social cohesion over the past two years, marking a reversal from the heightened unity observed during the peak of the COVID-19 pandemic. The Korea Institute for Health and Social Affairs (KIHASA) released these findings on August 4 in its [...]
SEOUL, Aug. 5 (Korea Bizwire) – A recent survey has revealed that two out of three South Koreans perceive their society as unfair, with particular distrust in the justice system and administrative processes. Corruption was cited as the primary cause of this perceived unfairness. The Korea Institute for Health and Social Affairs (KIHASA) released these findings [...]
SEOUL, Aug. 5 (Korea Bizwire) – The robot vacuum cleaner market in South Korea is witnessing intensified competition as Samsung Electronics and LG Electronics aggressively enter a field long dominated by China’s Roborock. The battleground is centered around all-in-one robot vacuum cleaners that combine dust suction, mopping, and self-cleaning functions. According to industry sources, Roborock, the [...]
SEOUL, Aug. 5 (Korea Bizwire) – A new trend is emerging in South Korean television: reality shows that analyze footage from car dashcams and closed-circuit television (CCTV) cameras, offering viewers a raw look at road incidents and crime scenes. According to industry insiders, these programs are gaining popularity due to their cost-effectiveness compared to variety shows [...]