SEOUL, April 7 (Korea Bizwire) — South Korea’s largest banks posted record-breaking profits in 2024, yet their hiring of entry-level employees remained flat or declined, drawing criticism for neglecting their social responsibility to create jobs—particularly for young job seekers facing a worsening employment climate. According to data obtained by Rep. Kim Hyun-jung of the National [...]
SEOUL, April 7 (Korea Bizwire) — The South Korean market could face heightened volatility for a longer-than-expected period due to the Donald Trump administration’s sweeping tariff policy, the central bank said Monday, calling for prompt implementation of market stabilization measures when necessary. Bank of Korea (BOK) Deputy Gov. Ryoo Sang-dai made the assessment during an [...]
SEOUL, April 7 (Korea Bizwire) — Almost four-fifths of South Koreans say they accepted the Constitutional Court’s verdict that removed former President Yoon Suk Yeol from office over his brief martial law declaration in December, a survey showed Monday. The poll, conducted by Realmeter on 1,516 adults aged over 18 from Wednesday to Friday, found [...]
SEOUL, April 7 (Korea Bizwire) — South Korea’s financial regulator asked local banks on Monday to play an active role in providing funds for businesses facing difficulties due to the Donald Trump administration’s sweeping tariffs. Kim Byoung-hwan, the chief of the Financial Services Commission (FSC), made the call during a meeting with the heads of [...]
SEOUL, April 7 (Korea Bizwire) — South Korea’s Supreme Court has ruled that when a company uses copyrighted music without permission in an online game, each day of unauthorized use constitutes a separate financial gain — and thus a separate legal violation subject to its own statute of limitations. The landmark decision was announced Sunday after [...]
SEOUL, April 7 (Korea Bizwire) — A significant majority of South Korean workers believe that nationwide protests calling for the impeachment of former President Yoon Suk-yeol have contributed positively to the development of the country’s democracy, according to a new survey released Sunday. The poll, conducted by research firm Global Research on behalf of the labor [...]
SEOUL, April 6 (Korea Bizwire) — National certification exams in forest and plant protection are seeing a steady rise in popularity, fueled largely by a surge in applicants in their 50s and 60s preparing for post-retirement careers. According to data released by the Human Resources Development Service of Korea (HRDK), older adults are not only driving [...]
SEOUL, April 6 (Korea Bizwire) — In a moment of profound constitutional gravity, South Korea’s Constitutional Court delivered a unanimous verdict to remove former President Yoon Suk Yeol from office, marking the culmination of a tumultuous political saga that has gripped the nation since late 2024. The Court’s 7,200-character decision, publicly read by acting Chief Justice [...]
SEOUL, April 6 (Korea Bizwire) — Short selling activity in South Korean amounted to 6.4 trillion won (US$4.38 billion) in the first week after a more than a yearlong ban was lifted, the bourse operator said Sunday. Last Monday, short selling was allowed for all listed firms following a suspension imposed in November 2023 after [...]
SEOUL, April 6 (Korea Bizwire) — In the aftermath of former President Yoon Suk-yeol’s impeachment earlier this year, a faction of his staunch supporters has turned against South Korea’s mainstream media, embracing conspiracy theories and fringe platforms as primary sources of information. These supporters, whose political fervor transcends traditional left-right divisions, have vilified journalists at public [...]