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70% of South Korea’s Aging Population Wishes to Continue Working, Study Finds

70% of South Korea’s Aging Population Wishes to Continue Working, Study Finds

SEJONG, Jul. 31 (Korea Bizwire) – A recent survey has revealed that nearly 70% of South Korea’s aging population, comprising individuals aged 55 to 79, express a desire to continue working. This demographic, approaching 16 million people, showcases a strong inclination towards prolonged participation in the workforce.  Statistics Korea released these findings on July 30, as [...]

Study Reveals Alarming Trends in Korean Youth Tobacco and Alcohol Use

Study Reveals Alarming Trends in Korean Youth Tobacco and Alcohol Use

SEOUL, Jul. 31 (Korea Bizwire) – A recent study has uncovered concerning patterns in the health behaviors of South Korean youth, with flavored tobacco products playing a significant role in initiating smoking habits and alcohol consumption beginning as early as middle school.  The Korea Disease Control and Prevention Agency (KDCA) released statistics from its Youth Health [...]

Appellate Court Dismisses Compensation Collection Bid by Victims of Japan’s Sexual Enslavement

Appellate Court Dismisses Compensation Collection Bid by Victims of Japan’s Sexual Enslavement

SEOUL, Jul. 31 (Korea Bizwire) — An attempt by victims of Japan’s wartime sexual slavery to collect court-ordered compensation from the Japanese government has fallen through as Tokyo refused to submit a list of its assets in South Korea. The case involves several Korean victims of Japan’s sexual enslavement during World War II, who won [...]

N. Korean Leader Fires Public Security Minister for Damage from Downpours in Border Areas

N. Korean Leader Fires Public Security Minister for Damage from Downpours in Border Areas

SEOUL, Jul. 31 (Korea Bizwire) — North Korean leader Kim Jong-un has replaced the public security minister and chiefs of the ruling party’s provincial committees over severe damage from the recent downpours in the northern border areas along the Amnok River. The decision was made at an emergency enlarged politburo meeting of the Workers’ Party [...]

South Korea Emerges as a Top Investor in Indonesia, Surpassing U.S. and Japan

South Korea Emerges as a Top Investor in Indonesia, Surpassing U.S. and Japan

JAKARTA, Jul. 31 (Korea Bizwire) – In a significant shift in foreign investment patterns, South Korea has emerged as the third-largest investor in Indonesia for the second quarter of 2024, outpacing both the United States and Japan, according to recent government data.  The Indonesian Investment Ministry reported that foreign direct investment (FDI) in the country reached [...]

Busan Pioneers Coffee Grounds Recycling Program in Push for Circular Economy

Busan Pioneers Coffee Grounds Recycling Program in Push for Circular Economy

BUSAN, Jul. 31 (Korea Bizwire) – The coastal city of Busan, South Korea, is set to launch an innovative program to recycle spent coffee grounds, transforming waste into valuable resources and advancing its circular economy initiatives. City officials announced the plan on July 30, positioning Busan at the forefront of sustainable waste management in the country.  [...]

Korea Forest Service Unveils Innovative Firefighting Tools with Eco-Friendly Solutions

Korea Forest Service Unveils Innovative Firefighting Tools with Eco-Friendly Solutions

DAEJEON, Jul. 31 (Korea Bizwire) – The Korea Forest Service has designated two new products as innovative solutions for combating forest fires, the Korea Forest Promotion Institute announced on July 29. The products, a solid fire extinguishing agent and a fire retardant, were developed by Daemyung Hitech Co., Ltd. through the Forest Science and Technology Commercialization [...]

N.K. Trash Balloons Disrupt Incheon Int’l Airport Operations on 12 Occasions: Lawmaker

N.K. Trash Balloons Disrupt Incheon Int’l Airport Operations on 12 Occasions: Lawmaker

SEOUL, Jul. 30 (Korea Bizwire) — North Korea’s recent campaign of launching trash-carrying balloons toward South Korea has disrupted operations of Incheon International Airport, the South’s main gateway, on 12 occasions, a lawmaker said Tuesday, citing government data. According to data from the Seoul Regional Aviation Administration submitted to Rep. Yang Bu-nam of the main [...]

S. Korea, China Agree to Continue Communication over Stable Supply Chains

S. Korea, China Agree to Continue Communication over Stable Supply Chains

SEOUL, Jul. 30 (Korea Bizwire) — South Korea and China have agreed to continue communications to ensure stable supply chains and spur bilateral trade and investment during their economic talks in Beijing, Seoul’s foreign ministry said Tuesday. Kim Jin-dong, director-general for bilateral economic affairs at the ministry, met with his Chinese counterpart, Wang Liping, on [...]

N. Korea’s Trash-carrying Balloons Found in Over 3,000 Locations: Police

N. Korea’s Trash-carrying Balloons Found in Over 3,000 Locations: Police

SEOUL, Jul. 30 (Yonhap) — Trash-carrying balloons launched by North Korea since May have been found in over 3,000 locations across South Korea, a police report showed Tuesday. Since late May, North Korea has launched some 3,600 trash-carrying balloons toward South Korea, which the North has claimed are in retaliation against South Korean activists sending [...]