SEOUL, Feb. 24 (Korea Bizwire) — A comprehensive survey has revealed that South Korean adults predominantly define a “good death” as one free from physical pain and that doesn’t burden family members with prolonged caregiving responsibilities. The study, conducted by the Korea Institute for Health and Social Affairs (KIHASA), found that nine out of 10 respondents [...]
SEOUL, Feb. 24 (Korea Bizwire) — The Korea Enterprises Federation (KEF) said Monday it has released an annual English handbook on South Korea’s latest business and labor market environment. The KEF said the handbook, titled 2025 Business Environment and Labor Market in Korea, was produced to help international organizations and foreign companies better understand the [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Koreans’ average satisfaction with life decreased for the first time in four years in 2023, ranking 33rd out of the 38 member nations of the Organization for Economic Cooperation and Development (OECD), a government report showed Monday. The level of life satisfaction came to 6.4 points in 2023 [...]
SEOUL, Feb. 24 (Korea Bizwire) — As South Korea’s youth unemployment crisis deepens to levels worse than those seen during the IMF crisis and COVID-19 pandemic, local governments across the nation are stepping in with innovative support measures ranging from free interview suits to office rental subsidies. According to Statistics Korea, January saw the sharpest deterioration [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korea marked a milestone in parental leave policies as men accounted for more than 30% of workers taking childcare leave last year, the Ministry of Employment and Labor reported on February 23. The total number of workers using parental benefits, including maternity leave and childcare leave, reached 256,771 in [...]
SEOUL, Feb. 21 (Korea Bizwire) — As the business landscape rapidly evolves and the MZ generation (Millennials and Gen Z) enters the workforce, South Korean companies are redefining the qualities they seek in employees, according to a new survey. A recent study by career platform Saramin, released on February 20, surveyed 231 companies and found [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s Deputy Trade Minister Park Jong-won has filed a request with the U.S. government to leave South Korea out of its new import tariff plans, highlighting the Korea-U.S. free trade agreement (FTA) that has been in place for over a decade, the trade ministry said Friday. Park made [...]
SEOUL, Feb. 21 (Korea Bizwire) — Chinese e-commerce platform Temu has increased the scope of data required from its South Korean users to include addresses, phone numbers and customs codes, its new policy showed Friday. The updated privacy terms, which go into effect the same day, also require users to agree to transferring their data [...]
SEOUL, Feb. 21 (Korea Bizwire) — A court has ruled in favor of Coupang Play in its legal dispute with Lotte Culture Works over the latter’s decision to provide a director’s version of a local movie to Netflix despite an exclusive supply contract with Coupang Play. The Seoul Central District Court on Jan. 23 ordered [...]
SEOUL, Feb. 21 (Korea Bizwire) — The state anti-corruption investigation office on Friday conducted a search and seizure operation against Lt. Gen. Won Cheon-hee, head of the Defense Intelligence Agency, on suspicion of involvement in the Dec. 3 martial law declaration. The Corruption Investigation Office for High-ranking Officials (CIO) said it sent prosecutors and investigators [...]