SEOUL, June 19 (Korea Bizwire) — The annual monsoon season began in the central and southern regions Thursday, the state weather agency said, forecasting torrential downpours in some areas in central and southwestern regions starting late at night. Rain will fall sporadically along the west coast due to the influence of hot and humid air [...]
SEOUL, June 19 (Korea Bizwire) – Former United Nations chief Ban Ki-moon expressed concerns over the current global situation and emphasized the global agency’s crucial role in consolidating multilateral efforts to deescalate tensions. “The current global situation is very complicated and dangerous,” he said at a press conference in Seoul following the press screening of [...]
SEOUL, June 19 (Korea Bizwire) — SK Telecom Co., South Korea’s leading mobile carrier, said Thursday it has nearly completed replacing universal subscriber identity module (USIM) chips for its entire user base of 25 million, about two months after it said sensitive USIM data may have been leaked due to an unidentified cyberattack on its [...]
SEOUL, June 18 (Korea Bizwire) — The Seoul International Book Fair, South Korea’s largest literary event, opened Wednesday, featuring over 530 publishers, writers and book-related organizations from 17 countries. This year’s theme, “A Pillar of Support,” encourages attendees to find their own source of reliance at the book fair in an increasingly harsh reality, the [...]
SEOUL, June 18 (Korea Bizwire) — Monsoon rains are forecast to drench South Korea’s central region this week, prompting authorities to inspect preventative measures against heavy rain damage, officials said Wednesday. More than 200 millimeters of rain is expected to soak the region from Thursday to Saturday, the Korea Meteorological Administration said, raising alarm over [...]
SEOUL, June 18 (Korea Bizwire) — Housing prices in Seoul and non-capital regions have diverged further in recent years amid ongoing economic and social changes, and the government is advised to avoid stimulating construction investment through additional housing supply in non-capital areas, the central bank said Wednesday. The gap in cumulative housing price increases between [...]
SEOUL, June 18 (Korea Bizwire) – Essential living costs in South Korea are significantly higher than those in other major nations, hindering the recovery of consumer spending, the central bank said Wednesday. South Korea’s price indices for food, clothing and housing stood at 151, 161 and 123, respectively, based on the average price level of [...]
SEOUL, June 18 (Korea Bizwire) — South Korea is experiencing a widening deficit in high-skilled labor as more top-tier professionals, particularly in fields like artificial intelligence, continue to leave the country, prompting renewed calls for structural reforms to retain and attract global talent. In a report released Tuesday, the Korea Chamber of Commerce and Industry’s [...]
SEOUL, June 18 (Korea Bizwire) — South Korea faces a steep economic cost from population decline and rapid aging, with public spending on pensions and healthcare projected to double to 20% of GDP by 2050, according to a report released Tuesday by the Bank of Korea. In the report titled “Employment Trends and Implications Based [...]
SEOUL, June 18 (Korea Bizwire) – In South Korea, older and more conservative citizens are increasingly turning to YouTube as their primary source of news, while younger and progressive users appear to be migrating away from the platform, according to the Digital News Report 2025 published by the Korea Press Foundation in partnership with the [...]