SEOUL, Feb. 11 (Korea Bizwire) — Travelers using South Korea’s Incheon International Airport are being advised to arrive up to six hours before their flights, highlighting the facility’s ongoing struggle with long queues despite recent multi-billion won upgrades. The issue came into sharp focus during the recent Lunar New Year holiday, when wait times reached new [...]
SEOUL, Feb. 10 (Korea Bizwire) — A recent survey has revealed that one in three South Korean workers has experienced workplace harassment in the past year, marking a noticeable increase from the previous year. The survey, commissioned by Workplace Gapjil 119, an advocacy group for workers’ rights, and conducted by polling firm Global Research, polled 1,000 [...]
SEOUL, Feb. 7 (Korea Bizwire) — In a vocational training center in Seoul’s Jung district, Shin Hae-cheong, 72, carefully measures wallpaper and prepares paste for his latest assignment. A real estate agent by trade, Shin traveled from his provincial home to the capital to earn a wallpapering certification — what he hopes will be his ticket [...]
SEOUL, Feb. 5 (Korea Bizwire) – South Korea’s major companies slightly increased their workforce last year, with tech giant Samsung Electronics Co. seeing the largest expansion despite challenges in its flagship semiconductor business, a corporate tracker said Wednesday. The total number of subscribers to the state-run National Pension Service (NPS) at 468 out of the [...]
SEOUL, Feb. 4 (Korea Bizwire) — More than half of South Korean job seekers say they are willing to accept positions at any company amid growing economic uncertainty, according to a new survey released on February 3. Career platform Saramin found that 55.2% of 464 entry-level job seekers surveyed said they would work “anywhere that offers [...]
SEOUL, Jan. 30 (Korea Bizwire) — Single women significantly outnumber single men in South Korea’s reverse mortgage program, accounting for nearly five times as many participants, according to recent government housing finance statistics. As of November 2024, single women made up 38% of new reverse mortgage subscribers, compared to just 8.1% for single men. Of the 13,163 [...]
SEOUL, Jan. 28 (Korea Bizwire) — The rapid rise of individual media creators in South Korea has led to significant earnings for top content producers. The top 1% of YouTubers and live-streamers, also known as BJs (Broadcast Jockeys), earned an average of 1.325 billion KRW (approximately $1 million USD) annually, according to data released by Representative [...]
SEJONG, Jan. 27 (Korea Bizwire) — The average South Korean worker received approximately 10.69 million won in bonuses last year, while the top 0.1% of earners collected bonuses exceeding 620 million won, highlighting significant income disparities in the workforce, according to new government data. Figures released by the National Tax Service and obtained by People Power [...]
SEOUL, Jan. 22 (Korea Bizwire) — The number of female independent directors at South Korea’s top 100 companies continued to grow in 2024, a report showed Wednesday. The number of female outside directors at the top 100 firms by sales came to 100 as of end-September, accounting for 24.2 percent of the total 454, according [...]
SEOUL, Jan. 22 (Korea Bizwire) — Members of South Korea’s National Assembly sharply criticized Coupang Inc.’s founder Kim Bom-suk for his absence from a parliamentary hearing on January 21 focused on improving working conditions for the e-commerce giant’s delivery workers, particularly regarding late-night labor practices. The hearing, held by the Environment and Labor Committee, was attended [...]