SEOUL, July 3 (Korea Bizwire) — If current demographic trends continue, South Korea’s population could plunge to just 15% of its current level within a century, according to a new report by the Korean Peninsula Population Institute for Future, a private think tank specializing in demographic research. The institute’s 2025 Population Report: The Great Demographic [...]
SEOUL, July 3 (Korea Bizwire) — In a bid to root out taxi overcharging and service refusals targeting foreign visitors, the Seoul Metropolitan Government announced on Wednesday a new crackdown initiative that leverages QR code-based reporting and strengthened on-site enforcement at major transportation hubs. Beginning last month, the city began distributing business card-sized survey cards [...]
SEOUL, July 3 (Korea Bizwire) — South Korea’s population is becoming increasingly diverse, with recent research showing an almost 8% rise in overall diversity over the past five years, driven by immigration and shifting demographics in both urban and rural areas. According to a report released Tuesday by the Korea Institute for Health and Social [...]
SEOUL, July 3 (Korea Bizwire) — As South Koreans continue to grapple with high inflation and a sluggish economy, a new wave of cost-conscious consumers is turning to community-based bulk-buying as a savvy spending strategy. According to local marketplace platform Danggeun Market on Tuesday, the number of newly formed bulk-sharing groups on its platform surged [...]
SEOUL, July 2 (Korea Bizwire) — South Korea has finalized a landmark defense export deal with Poland for a second batch of K2 Black Panther tanks, marking the largest single defense export contract in the country’s history and the first major arms deal under President Lee Jae-myung’s administration. The Defense Acquisition Program Administration (DAPA) announced [...]
SEOUL, July 2 (Korea Bizwire) — South Korea’s ruling and opposition parties have reached a landmark agreement to pass a long-disputed amendment to the Commercial Act that includes the so-called “3% rule,” sparking concern across the business community over heightened risks to corporate governance and investment certainty. The amendment, scheduled for a vote in the [...]
SEOUL, July 2 (Korea Bizwire) — In a move that could become the first major diplomatic test of President Lee Jae-myung’s nascent administration, China has approached South Korea about his potential attendance at a military parade this September, commemorating the 80th anniversary of its World War II victory over Japanese aggression. Diplomatic sources revealed Wednesday [...]
CHEONGJU, South Korea, July 2 (Korea Bizwire) — When Mr. A lost his entire family, his dog became his sole companion — a source of comfort, connection, and continuity. So when that beloved pet was viciously attacked by a neighbor’s dog last September, the damage was more than physical. It felt deeply personal. Last week, [...]
SEOUL, July 2 (Korea Bizwire) — A group of 29 secondary school teachers from the United States, Europe, and the Asia-Pacific region have arrived in South Korea for a firsthand look at the country’s complex history, rapid industrialization, and dynamic culture, moving beyond the textbook depictions they typically present in classrooms. The initiative, titled the [...]
SEOUL, July 2 (Korea Bizwire) — Grabbing lunch in Seoul’s central business districts has become a significantly pricier affair, with Samseong-dong topping the list at ₩15,000 (approx. $11) per meal — the highest average in the greater Seoul area, according to new data released by NHN Payco. The company analyzed 9 million transactions made through [...]