SEOUL, Jan. 1 (Korea Bizwire) – Elon Musk, the CEO of Tesla, drew significant attention on the last day of 2023 by posting a satellite image of North and South Korea on X (formerly Twitter), demonstrating the striking contrast between the two Koreas at night. The shared photo vividly contrasts the brightly lit South Korea with [...]
SEOUL, Jan. 1 (Korea Bizwire) –-In South Korea, earning a living through work is a crucial foundation for economic independence, yet a significant majority of disabled individuals report a lack of available jobs. According to the ’2022 Life Panel Survey of Persons with Disabilities’ by the Korea Disabled People’s Development Institute (KODDI), released on December [...]
SEOUL, Dec. 30 (Korea Bizwire) – The government will launch a “workation” visa next year to allow foreigners to travel across the country while working remotely, officials said Friday. The justice ministry said it will start issuing “digital nomad,” or “workation,” visas to foreigners with over a year of work experience in the same industry, [...]
SEOUL, Dec. 29 (Korea Bizwire) – The sudden demise of actor Lee Sun-kyun, who was under police investigation for alleged drug use, has sent shockwaves through South Korean society. Instances of such tragic conclusions are sadly not isolated. Lee reportedly struggled with psychological distress, exacerbated by the release of call recordings from his private life, unrelated [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korea’s tax revenue fell 49.4 trillion won (US$38.41 billion) during the first 11 months of 2023 compared with a year earlier due mainly to weak corporate activities and the prolonged slump in the property market, the finance ministry said Friday. But the shortfall had decreased for the second [...]
SEOUL, Dec. 29 (Korea Bizwire) — The hiring of foreigners will be further expanded in South Korea’s labor-intensive industries, beginning next year, the government said Friday, finalizing a plan to bring in an all-time high of 165,000 non-professional migrant workers in 2024 to tackle growing labor shortages. Hotels, condos and restaurants, among others, will be [...]
SEOUL, Dec. 28 (Korea Bizwire) — Late actor Lee Sun-kyun, known for his role in the Oscar-winning film “Parasite,” had requested that his last appearance for questioning not be open to the press, but police rejected the request, officials said Thursday. The 48-year-old Lee was found dead in his car near Waryong Park in central [...]
SEOUL, Dec. 29 (Korea Bizwire) — North Korean leader Kim Jong-un has invited people who contributed to attaining this year’s key economic goals to Pyongyang for New Year’s celebrations, state media reported Friday. North Korea is preparing to hold celebration events in the capital to mark the start of the new year, according to the [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korea has continued to experience high inflationary pressure this year following the highest price growth in decades the previous year, but inflation in December ticked down for a second consecutive month in signs that price pressure is easing, data showed Friday. Consumer prices, a key gauge of inflation, [...]
SEOUL, Dec. 29 (Korea Bizwire) – A recent study in South Korea has shed light on the contrasting job preferences of the country’s youth and senior citizens, revealing a generational divide in workplace priorities. The study, conducted by the Gyeonggi Research Institute in August and involving 1,000 residents of Gyeonggi Province, has been compiled into a [...]