SEOUL, Jun. 6 (Korea Bizwire) –A staggering two out of three South Koreans aged 25 to 34 are living with their parents or are financially dependent on them, even if they reside separately, according to a new study on the phenomenon known as the “kangaroo tribe.” Hwang Gwang-hoon, an associate research fellow at the Korea [...]
SEOUL, Jun. 6 (Korea Bizwire) –Nine out of 10 South Koreans perceive the effects of climate change and believe their nation is facing a climate crisis, according to the results of an online survey on climate change released by the Korea Meteorological Administration on June 4. The survey, conducted through the Anti-Corruption and Civil Rights [...]
CHUNCHEON, Jun. 5 (Korea Bizwire) –A proposal to develop Camp Page, a 520,000 square meter former United States military base in the heart of Chuncheon, has sparked a bitter divide within the local community, pitting residents who support the project against those who demand a restart of the process. The site, which has remained largely [...]
SEOUL, June 5 (Korea Bizwire) – Tensions are escalating between factions within Samsung Electronics’ labor unions, with the company’s overarching union alleging misconduct by the National Samsung Electronics Union after it declared an unprecedented strike last month. On the evening of June 3, A, the head of the DX division of Samsung’s enterprise union, posted a [...]
SEOUL, Jun. 5 (Korea Bizwire) — Around 1 out of every 10 South Korean workers at small and mid-size companies who changed their jobs in 2022 landed new jobs at large conglomerates, data showed Wednesday. The number of registered employees who were eligible for state insurance programs came to 26.06 million in 2022, up 2.2 [...]
SEOUL, Jun. 4 (Korea Bizwire) — Leaders of the southeastern metropolitan city of Daegu, 240 kilometers from Seoul, and the surrounding North Gyeongsang Province on Tuesday agreed on plans to launch an integrated provincial government in 2026 with support from the central government. The agreement was made at a meeting attended by Daegu Mayor Hong [...]
SEOUL, Jun. 5 (Korea Bizwire) — South Korea’s foreign reserves declined in May due to a fall in deposits and the central bank’s foreign currency swap with the country’s national pension fund, central bank data showed Wednesday. The country’s foreign reserves had come to US$412.83 billion as of end-May, down $3.51 billion from the previous [...]
SEOUL, Jun. 5 (Korea Bizwire) — Trainee doctors who left their worksites for months in protest of the government’s medical reform were seen as mostly lukewarm to plans by the government to allow them to seek other career paths or return to hospitals without legal burdens, according to some junior doctors Wednesday. In an apparent [...]
SEOUL, Jun. 5 (Korea Bizwire) — South Korea’s agriculture ministry said Wednesday it has agreed to forge deeper ties with the African Development Bank (AfDB). Agriculture Minister Song Mi-ryung shared ideas on the agenda with AfDB President Akinwumi Adesina in Seoul the previous day on the margins of the two-day Korea-Africa Summit, according to the [...]
SEOUL, Jun. 5 (Korea Bizwire) — President Yoon Suk Yeol said Wednesday that South Korea will establish a critical mineral partnership with major African nations to develop resources on the continent in a “mutually beneficial” way. Yoon made the remark during a business summit attended by industry leaders from South Korea and Africa, an event [...]