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North Jeolla Province Offers Specialized Visas to Attract Talent, Counter Population Drop

North Jeolla Province Offers Specialized Visas to Attract Talent, Counter Population Drop

JEONJU, Mar. 19 (Korea Bizwire) – Faced with a continuing population decline, the government of North Jeolla Province announced on March 18 that it would introduce a region-specific visa program aimed at attracting skilled foreign workers and ethnic Koreans living abroad.  The new visa policy seeks to ease requirements for certain qualified foreigners and overseas Koreans, [...]

Health Minister Voices Grave Concern about Looming Resignations of Medical Professors

Health Minister Voices Grave Concern about Looming Resignations of Medical Professors

SEOUL, Mar. 18 (Korea Bizwire) — Health Minister Cho Kyoo-hong on Monday expressed grave concerns about a decision by medical professors to resign en masse in support of junior doctors’ walkout that has crippled medical services for nearly a month. About 90 percent of 13,000 interns and resident doctors have stayed off the job since [...]

South Korea Surpasses Japan in Wage Trends Over Two Decades: Analysis

South Korea Surpasses Japan in Wage Trends Over Two Decades: Analysis

SEOUL, Mar. 17 (Korea Bizwire) – A fresh analysis reveals that wages in South Korea now surpass those in Japan across both major corporations and smaller enterprises, marking a significant shift over the past two decades. The Korea Enterprises Federation (KEF) unveiled a comprehensive report titled “International Comparison and Implications of Korea-Japan Wage Trends” on Sunday, [...]

Study Reveals Birth Rate Among Contract Workers Significantly Lower Than Full-Time Employees

Study Reveals Birth Rate Among Contract Workers Significantly Lower Than Full-Time Employees

SEOUL, Mar. 16 (Korea Bizwire) – In a revealing study on South Korea’s labor market dynamics and their impact on family planning, researchers have pointed to a stark disparity in birth rates between contract (irregular workers not covered by major insurance) and full-time corporate employees. The findings suggest that the fertility rate among women in [...]

Walkout Causes Major Hospitals to Incur Billions of Won in Daily Deficits

Walkout Causes Major Hospitals to Incur Billions of Won in Daily Deficits

SEOUL, March 16 (Korea Bizwire) – Major general hospitals have requested the government expand low-interest loans for them as the protracted walkout by trainee doctors has disrupted hospital operations, causing billions of won in deficits per day, sources said Friday. The walkout, which has continued for over three weeks, disrupted operations of major general hospitals [...]

Health Minister Makes Last-minute Appeal to Medical Professors as Resignations Loom

Health Minister Makes Last-minute Appeal to Medical Professors as Resignations Loom

SEOUL, Mar. 15 (Korea Bizwire) — Health Minister Cho Kyoo-hong on Friday made a last-minute appeal for medical professors not to resign en masse in support of a prolonged walkout by junior doctors, as their threat to resign is expected to further disrupt services at major hospitals. More than 90 percent of the country’s 13,000 [...]

AI Predicted to Replace 3.27 Million Jobs in South Korea, Professional Sectors Most at Risk

AI Predicted to Replace 3.27 Million Jobs in South Korea, Professional Sectors Most at Risk

SEOUL, Mar. 14 (Korea Bizwire) – A recent study forecasts that artificial intelligence (AI) could potentially replace up to 13% of jobs in South Korea, totaling approximately 3.27 million positions, with a significant portion of these at risk within professional fields. The Korea Institute for Industrial Economics & Trade released a report on March 13 outlining [...]

Leader of Doctors’ Group Questioned Again over Trainee Doctors’ Walkout

Leader of Doctors’ Group Questioned Again over Trainee Doctors’ Walkout

SEOUL, Mar. 14 (Korea Bizwire) — A leader of the Korean Medical Association (KMA), the biggest doctors’ group, appeared before police Thursday for his second round of questioning over suspicions of instigating a mass walkout by trainee doctors. Park Myung-ha, chief of the KMA emergency committee’s organizational affairs, arrived at the Seoul Metropolitan Police Agency’s [...]

Medical Professors Criticized for Moving to Resign in Support of Junior Doctors’ Walkout

Medical Professors Criticized for Moving to Resign in Support of Junior Doctors’ Walkout

SEOUL, Mar. 13 (Yonhap) — The health ministry chided medical professors Wednesday for moving to resign in support of a mass walkout by junior doctors that has disrupted public health services for more than three weeks. More than 90 percent of the country’s 13,000 trainee doctors walked off the job in the form of mass [...]

PM Says Increasing Med School Admissions Based on Scientific Grounds

PM Says Increasing Med School Admissions Based on Scientific Grounds

SEOUL, Mar. 13 (Korea Bizwire) — Prime Minister Han Duck-soo said Wednesday the government’s decision to increase the medical school enrollment quota by 2,000 to address the shortage of doctors was based on scientific analysis. Over 90 percent of the country’s 13,000 junior doctors have been on mass resignations for nearly a month, protesting against [...]