SEOUL, Apr. 26 (Korea Bizwire) – Housing expenses represent the biggest monthly financial burden for four out of 10 people in their 20s and 30s in South Korea, according to a recent survey, highlighting the challenges of expensive housing costs for young adults in the country. The poll of 1,547 people in their 20s and 30s, [...]
SEOUL, Apr. 26 (Korea Bizwire) — Trade Minister Cheong In-kyo said Friday he expects exports to rise for the seventh consecutive month in April, helped by a recovery of chip shipments. “In April, exports are expected to maintain growth for the seventh consecutive month on the back of robust shipments to the U.S., China and [...]
SEOUL, Apr. 26 (Korea Bizwire) — Professors from around 20 major medical schools nationwide will decide Friday whether to take a weekly day off while struggling to fill the void of trainee doctors who have walked off their jobs for more than two months, officials said. The emergency committee for national medical professors will hold [...]
SEOUL, April 25 (Korea Bizwire) – A major Japanese internet company partly owned by Naver, South Korea’s biggest web portal, is facing pressure from Tokyo to strip the Korean tech firm of its controlling stake after a data breach last year, an extraordinarily aggressive move that threatens to upend a rare alliance between corporate giants from [...]
SEOUL, April 25 (Korea Bizwire) – A significant number of migrant workers in South Korea have experienced wage theft, with the average amount owed surpassing 6 million won according to a recent government study. The report, titled “Research Study on the Current Situation of Wage Arrears for Migrant Workers and Remedies,” was commissioned by the National [...]
SEOUL, April 25 (Korea Bizwire) – South Korea’s government has finalized its blueprint to establish global leadership in three pivotal areas it deems “game changers” for the future: artificial intelligence semiconductors, advanced biotechnology and quantum technology. The Presidential Advisory Council on Science & Technology, the nation’s top decision-making body for science and technology issues chaired by [...]
SEOUL, April 25 (Korea Bizwire) – The Constitutional Court ruled against the inheritance system Thursday, which indiscriminately mandates predetermined minimum portions of an inheritance be given to the family members of the dead, even those responsible for abusing the dead. The Civil Act mandates families’ rights to legally reserved minimum portions of an inheritance in [...]
SEOUL, April 25 (Korea Bizwire) — South Korea will launch an initiative to become one of three leading nations in the so-called game-changer industries that include artificial intelligence (AI) chip, advanced biology and quantum technologies by 2030, the science ministry said Thursday. The Presidential Advisory Council on Science & Technology held a meeting and decided [...]
SEOUL, Apr. 25 (Korea Bizwire) – Nine out of every 10 new jobs created in South Korea last year went to women, reflecting their growing entry into the workforce, government data shows. The trend has led to a surge in the number of stay-at-home fathers, which exceeded 200,000 for the first time in 2023. An analysis [...]
SEOUL, Apr. 25 (Korea Bizwire) – Maintaining a stable lifestyle after retirement in South Korea requires a nest egg of at least 1.1 billion won, according to a new analysis, with health care costs and support for adult children emerging as major expenses alongside basic living costs. The figure, which factors in 30 years of retired [...]