SEOUL, Feb. 1 (Korea Bizwire) — A recent survey indicates that a majority of South Koreans support increasing inheritance tax rates, contradicting calls from business groups and conservatives to ease the tax burden. According to the Korea Institute of Public Finance (KIPF), data from the 16th Fiscal Panel Survey revealed that respondents favored a 5% tax [...]
SEOUL, Jan. 31 (Korea Bizwire) — A new report reveals that South Koreans with higher incomes are significantly more likely to engage in physical activities such as walking, aerobic exercise, and strength training, exacerbating health disparities linked to income levels. According to the 2024 National Health Statistics released by the Korea Disease Control and Prevention Agency [...]
SEOUL, Jan. 31 (Korea Bizwire) — While students, parents, and teachers broadly acknowledge the authority of teachers as professionals, a new survey reveals a significant gap between this recognition and the actual respect and autonomy afforded to educators in South Korea. According to a report by the Korea Educational Development Institute (KEDI), more than 80% of [...]
SEJONG, Jan. 31 (Korea Bizwire) — South Korea’s lottery sales reached an all-time high in 2024, with revenue approaching 6 trillion won, according to data released by the Ministry of Economy and Finance and the Korea Lottery Commission. The annual sales figure of 5.96 trillion won continues a pattern of record-breaking growth that began nearly a [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s heritage authorities announced Friday that a section of the visitor facilities at Cambodia’s Angkor Wat heritage site has reopened following renovations using Korean technology. South Korea has been working with Cambodia on the restoration and preservation of Angkor Wat since 2024, providing technical expertise and support to [...]
SEOUL, Jan. 30 (Korea Bizwire) — As South Korea approaches the milestone of 10 million senior citizens aged 65 and older, businesses are being urged to tap into the rising purchasing power of this demographic, according to a new report from the Korea Chamber of Commerce and Industry (KCCI). The report, titled ‘GG Market Strategy Report,’ [...]
SEOUL, Jan. 29 (Korea Bizwire) — Faced with a sharp decline in monastic ordinations, South Korea’s Jogye Order of Korean Buddhism is striving to engage younger generations in an effort to sustain its future. According to the order, only 81 individuals completed the rigorous process to become novice monks or nuns last year, a significant drop [...]
SEOUL, Jan. 29 (Korea Bizwire) — In times of hardship, the adage holds true: laughter offers solace. As economic uncertainty persists in 2025, audiences are increasingly drawn to lighthearted content that provides an escape from the pressures of daily life. Reflecting this trend, the entertainment industry is delivering a surge of comedy-infused productions, blending humor with [...]
SEOUL, Jan. 29 (Korea Bizwire) — South Korea’s exports of traditional rice cakes reached a fresh high in 2024, data showed Wednesday, driven by the growing popularity of Korean food around the globe. Outbound shipments of rice cakes reached US$91.4 million in 2024, up 17.5 percent from a year earlier, according to data compiled by [...]
SEOUL, Jan. 29 (Korea Bizwire) — South Korea’s fashion and beauty industries are gaining significant traction in Japan, driven by the global popularity of K-pop and Korean dramas. Industry players are leveraging this momentum with targeted efforts to expand their presence in the Japanese market. Leading the charge, companies like Musinsa, CJ Olive Young, and department [...]