SEOUL, Dec. 27 (Korea Bizwire) – The current state of the labor market in South Korea is more challenging than prior to the pandemic, with the workforce aging rapidly and showing reduced enthusiasm for strenuous manufacturing roles, as per a recent survey. To address this, recommendations include recruiting more international students and middle-skilled foreign workers possessing [...]
SEOUL, Dec. 26 (Korea Bizwire) – South Korea on Tuesday launched a research project to develop a fighter jet engine by the mid-to-late 2030s as part of efforts to acquire key homegrown defense technologies. Earlier this year, the country designated advanced aircraft engines among 30 strategic defense technologies it will invest in as part of [...]
SEOUL, Dec. 26 (Korea Bizwire) – The unification ministry said Tuesday it will push to conduct DNA tests on descendants of families separated by the 1950-53 Korean War in a bid to use their gene information for potential family reunions with their relatives in North Korea. The move comes as more aging separated family members [...]
SEOUL, Dec. 26 (Korea Bizwire) – South Korea is in talks with Poland to ensure the multiple arms contracts signed between Korean companies and the Polish government will be carried out as agreed despite the change of the leadership in Warsaw, a Seoul official said Tuesday. Concerns are growing as the new Polish government, led [...]
SEOUL, Dec. 26 (Korea Bizwire) – According to a recent survey, workplace bullying and other harassment are considered the most difficult internal grievances to resolve in South Korean workplaces. The Central Labor Commission (CLC) shared these findings in the winter issue of its labor dispute resolution guidebook, “Conciliation and Judgment,” published on December 25. The survey, [...]
GENEVA/WASHINGTON, Dec. 25 (Korea Bizwire) — Pope Francis expressed hope for efforts to foster lasting peace on the Korean Peninsula through “dialogue and reconciliation” in his Christmas message on Monday, amid tensions heightened by North Korea’s recent missile launches and tough rhetoric. The pontiff delivered the message during his “Urbi et Orbi” — or “to [...]
SEOUL, Dec. 26 (Korea Bizwire) — With about 100 days until April’s parliamentary elections, political parties are vying to get a head start in the crucial race that observers say could determine whether President Yoon Suk Yeol will be able to push his agenda forward or end up an early lame duck. Recent public surveys [...]
SEOUL, Dec. 26 (Korea Bizwire) — The South Korean economy is expected to be on track for a recovery in 2024 on rising exports, but sluggish growth looms large as higher-for-longer interest rates and sticky inflation could further hamper global growth and domestic demand, experts said Tuesday. South Korea has faced multiple economic challenges in [...]
SEOUL, Dec. 26 (Korea Bizwire) — President Yoon Suk Yeol called Tuesday for approaching the issue of the country’s surprisingly declining birthrate from a fundamentally different perspective, emphasizing the need to identify its causes and find effective solutions. Yoon made the remark during a Cabinet meeting as South Korea’s fertility rate, already the world’s lowest, [...]
BUSAN, Dec. 26 (Korea Bizwire) – The International Medical Center for Foreigners operated by Green Doctors, an international medical volunteer organization, marks its 20th anniversary this year. The clinic has been providing free medical services to undocumented foreign workers living in medical blind spots. On December 25, the Green Doctors Foundation announced that it held a [...]