SEOUL, Oct. 2 (Korea Bizwire) — Despite a sharp nationwide drop in the use of coal briquettes for home heating, pockets of households in Seoul, Daegu and parts of Gyeonggi Province continue to rely on the fuel at nearly steady levels, underscoring the strain of rising utility costs and the persistence of aging housing stock. [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korea’s leading association of listed firms has voiced opposition to a proposed across-the-board corporate tax hike, arguing it would further burden businesses already struggling with weak global demand and a downturn in the semiconductor sector. The Korea Listed Companies Association (KLCA) said Tuesday it had submitted a formal [...]
SEOUL, Oct. 2 (Korea Bizwire) — Nearly four in ten foreign companies operating in South Korea view the new government’s labor policies unfavorably, with particular concern over the recently enacted “Yellow Envelope Law,” a survey shows. According to a poll released Wednesday by the Korea Foreign Enterprises Association (KOFA), 41 percent of the 100 foreign-invested [...]
GANGNEUNG, South Korea, Oct. 2 (Korea Bizwire) — Less than a month after emergency shipments of bottled water were distributed to residents during one of Gangneung’s worst droughts in decades, some of those supplies are now showing up for sale on secondhand trading platforms, sparking public criticism. The city, which declared a disaster in September [...]
LONDON, Oct. 1 (Korea Bizwire) — Visitors to the Palace of Westminster, home to the British Parliament and one of London’s most iconic landmarks, can now explore its historic halls with the help of a Korean-language multimedia guide. From Oct. 1, the Parliament’s visitor booking website has offered Korean, alongside Japanese and Polish, as new [...]
JEJU, Oct. 1 (Korea Bizwire) — Jeju Province’s pilot program encouraging food delivery in reusable containers has surpassed 2,000 orders in less than two months, signaling strong public support for the island’s ambitious campaign to curb single-use plastics. Launched on Aug. 13 in Jeju City’s Yeon-dong and Nohyeong-dong districts, the “Yonggi-inneun Jumun” (“Courageous Order”) service allows [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Koreans in their 20s have seen the weakest real income growth of any generation over the past decade, according to a new analysis, underscoring concerns over job quality and rising living costs that continue to weigh heavily on the country’s youth. The Korea Economic Association (HanKyungHyup) reported on [...]
SEOUL, Oct. 1 (Korea Bizwire) — Fewer than half of South Koreans believe unification with the North is necessary, though support has edged higher compared with a year ago, a new survey shows. The 2025 Unification Awareness Survey, conducted by Seoul National University’s Institute for Peace and Unification Studies and Gallup Korea, found that 41.1 [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s largest conglomerates have sharply increased their lobbying expenditures in the United States, more than doubling their spending in the past five years as they navigate regulatory pressures, trade disputes, and large-scale investments in America. According to new data released Wednesday by corporate tracker CEO Score, 52 Korean [...]
ULSAN, Oct. 1 (Korea Bizwire) — South Korean researchers have unveiled an artificial intelligence system capable of predicting earthquake damage across nuclear power plant facilities using data from a single sensor, potentially transforming safety protocols in one of the most restricted environments for monitoring. A team led by Professor Lee Young-joo of the Ulsan National Institute [...]