SEOUL, Apr. 25 (Korea Bizwire) — An economic surveillance organization in Asia on Thursday expected the South Korean economy to expand 2.3 percent this year on rising exports, calling for maintaining tight monetary policy to safeguard macroeconomic stability amid uncertainties, Seoul’s finance ministry said. The ASEAN+3 Macroeconomic Research Office (AMRO) made the assessment in a [...]
SOKCHO, April 24 (Korea Bizwire) – Residents along South Korea’s eastern coastline are growing increasingly anxious after the first shark of the year was caught, raising fears over public safety as sightings of the predators surge in the waters of the East Sea. According to the Sokcho Coast Guard, a shortfin mako shark measuring 295 cm [...]
SEOUL, April 24 (Korea Bizwire) – A former researcher at KT&G Corp., the leading tobacco company in South Korea, filed a damages suit Wednesday against his former employer, claiming that he invented the world’s first electronic cigarette while working for the firm, but was not properly rewarded. The plaintiff, Kwak Dae-geun, demanded 2.8 trillion won [...]
SEOUL, April 24 (Korea Bizwire) – More medical professors affiliated with major hospitals in South Korea are considering taking weekly breaks amid the prolonged walkout by trainee doctors, officials said Wednesday, sparking fears of exacerbating the country’s health care crisis and financial difficulties of hospitals. Earlier in the day, an emergency committee of medical professors [...]
SEOUL, Apr. 24 (Korea Bizwire) – A new analysis has found that workplaces offering amenities beyond just high salaries, such as flexible schedules and opportunities for growth, tend to employ more young, highly educated women, according to a report from the Bank of Korea released on April 23. The report, titled “Preferences for Job Amenities and [...]
SEOUL, Apr. 24 (Korea Bizwire) – More than 9 out of 10 users of KakaoPay, a popular mobile payment service in South Korea, believe that married couples should share at least a portion of their assets, according to a recent poll conducted by the company. KakaoPay revealed on April 23 the results of a survey conducted [...]
SEOUL, Apr. 24 (Korea Bizwire) — The number of babies born in South Korea fell below the 20,000 level for the first time for any February this year, data showed Wednesday, amid deepening woes about the country’s demographics amid rapid aging and the ultra-low birthrate. A total of 19,362 babies were born in February 2024, [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korea’s health ministry on Wednesday expressed regret over medical professors’ decision to take a weekly day off starting next week and urged them to engage in dialogue rather than resort to collective action amid the prolonged medical vacuum in the country. On the previous day, an emergency committee [...]
SEOUL, Apr. 24 (Korea Bizwire) — A South Korean nanosatellite was launched into orbit as part of the nation’s project to create a satellite constellation by 2027, officials said Wednesday. The Earth observation satellite lifted off aboard Rocket Lab’s Electron rocket from a spaceport in Mahia, New Zealand, according to the Ministry of Science and [...]
SEOUL, Apr. 24 (Korea Bizwire) — More than 8 out of 10 people who filed for bankruptcy in Seoul last year were in their 50s and older, with many of them found to be male and people living alone, data showed Wednesday. Of the 1,361 valid applications filed with the Seoul Financial Welfare Counseling Center [...]