SEOUL, April 1(Korea Bizwire) — South Korean industries stayed vigilant Tuesday over a wave of U.S. tariffs set to take effect this week, fueling concerns over the potential impact on the country’s export-driven economy, industry observers noted. On Wednesday (U.S. time), Washington is set to unveil its reciprocal tariffs, taking into account each country’s tariff [...]
SEOUL, April 1 (Korea Bizwire) — South Korea’s young adults are grappling with limited income, high debt burdens, and increasing living costs, according to the newly released 2024 Youth Financial Status Survey by the Korea Inclusive Finance Agency. The average annual income among young people aged 19 to 34 stood at ₩30.92 million (approximately $21,000 as [...]
SEOUL, April 1 (Korea Bizwire) — South Korea’s publicly listed startup firms are increasingly embracing dividend payouts, signaling a strategic shift from a growth-at-all-costs mindset to one more attuned to shareholder value and corporate transparency. Traditionally, young companies have reinvested profits to fund expansion, often overlooking dividends. But amid a rising chorus of retail investor demands [...]
SEOUL, March 30 (Korea Bizwire) — The number of virtual asset investors in South Korea has surpassed 16 million, drawing close to overtaking the number of stock investors in the country, data showed Sunday. A total of 16.29 million people had accounts at the top five domestic virtual asset exchanges — Upbit, Bithumb, Coinone, Korbit [...]
SEOUL, March 30 (Korea Bizwire) — The average monthly income of single-parent families stands at only about 60 percent of the average for all households, a government report showed Sunday. The average income of single-parent families with children under the age of 18 came to 2.94 million won (US$2,003) in 2024, according to the Ministry [...]
SEOUL, March 29 (Korea Bizwire) — In the first quarter of 2025, foreign investors significantly increased their holdings in South Korean semiconductor and defense stocks, led by SK Hynix, while retreating from shipbuilding and automotive shares, according to data from the Korea Exchange. From January to March 28, foreign investors were net sellers of 4.73 trillion [...]
SEOUL, March 28 (Korea Bizwire) – Among 2,047 high-ranking South Korean officials required to disclose their assets, many have significant holdings in major international technology companies, according to government records released on March 27. Deputy Prime Minister and Finance Minister Choi Sang-mok invested nearly 200 million won in 30-year U.S. Treasury bonds last year, while [...]
SEOUL, March 27 (Korea Bizwire) — Shinhan Card announced on Thursday the launch of TripPass, a new finance and identity verification platform designed to enhance the experience of foreign tourists and residents in South Korea. The platform offers seamless digital services from identity authentication to payments, and is accompanied by two types of prepaid cards. Developed [...]
SEOUL, March 27 (Korea Bizwire) — The South Korean central bank warned Thursday of the possibility of increased volatility in the financial market and its potential impact on the country’s financial stability amid weak economic growth and high uncertainties at home and abroad. The Bank of Korea (BOK) made this point in its latest financial [...]
SEOUL, March 27 (Korea Bizwire) — With the Earth’s average temperature now 1.5 degrees Celsius higher than pre-industrial levels, climate change is no longer a distant threat but a force reshaping daily life in South Korea and around the world. Wildfires are becoming larger, more frequent, and less predictable. According to Korea’s National Forest Service, the [...]