SEOUL, Oct. 9 (Korea Bizwire) – A new study from South Korea has uncovered a disturbing link between diabetes, economic hardship, and suicide risk, highlighting the urgent need for social attention and practical support for vulnerable patients. The Korean Diabetes Association (KDA) reported on October 8 that low-income individuals with diabetes face a suicide risk 4.34 times [...]
SEOUL, Oct. 9 (Korea Bizwire) – South Korea’s job market presented a mixed picture in the first half of 2024, with significant job losses in construction and retail sectors contrasting with growth in social welfare and software development, according to a report released by Statistics Korea on October 8. The “Regional Employment Survey: Industrial and Occupational Characteristics [...]
SEJONG, Oct. 8 (Korea Bizwire) – A recent analysis of tax data has revealed significant income disparities within South Korea’s professional sectors, with lawyers and accountants showing particularly pronounced inequality. According to a report released on October 7 by Park Sung-hoon, a lawmaker from the People Power Party, the top 10% of earners in these professions accounted [...]
BUSAN, Oct. 8 (Korea Bizwire) – Rising sea temperatures and deteriorating fishing conditions are driving a wave of closures among South Korea’s offshore fishing vessels, with more than half of the fleet considering decommissioning. The National Federation of Fisheries Cooperatives for Large Trawlers announced on October 7 that 74 out of 136 vessels in its fleet have [...]
SEOUL, Oct. 8 (Korea Bizwire) — The state human rights watchdog has ruled in favor of a high school’s ban on the use of mobile phones by its students on campus, reversing its previous position that such a ban violates their human rights. The National Human Rights Commission of Korea (NHRCK) made the controversial decision [...]
SEOUL, Oct. 8 (Korea Bizwire) — North Korea is likely to deploy members of its regular armed forces to Ukraine in support of Russia, South Korea’s defense chief said Tuesday, in the latest sign of deepening military cooperation between Pyongyang and Moscow. The assessment came as North Korea has been seeking to bolster ties with [...]
SEOUL, Oct. 8 (Korea Bizwire) – A concerning number of traffic accidents have occurred while vehicles were operating under Adaptive Cruise Control (ACC), a feature designed to maintain a set speed and distance from the car ahead, according to recent data from the Korea Expressway Corporation. The report, released on October 7 by Democratic Party lawmaker Park [...]
SEOUL, Oct. 8 (Korea Bizwire) – In a first for the country, the Seoul Metropolitan Government has initiated an ambitious program to attract top international talent in science, technology, engineering, and mathematics (STEM) fields. The Seoul Tech Scholarship aims to bolster the city’s future workforce in key industries. On October 7, a ceremony was held on [...]
INCHEON, Oct. 7 (Korea Bizwire) – A man who secretly provided women with information about their husbands’ and boyfriends’ visits to red-light districts, earning millions of won in the process, has been sentenced to a suspended prison term. On October 6, Judge Hong Jun-seo of the Incheon District Court announced a verdict of one year in prison, [...]
SEOUL, Oct. 7 (Korea Bizwire) — South Korean defense firm Microinfinity has signed a memorandum of understanding (MOU) to export US$3.7 million worth of receiver parts to the British arm of European missile manufacturer MBDA, the South’s state arms procurement agency said Monday. Under the MOU signed with MBDA UK as part of an offset [...]