SEJONG, Nov. 29 (Korea Bizwire) – A recent report from Statistics Korea based on National Transfer Account data from 2021 has revealed that the individual economic journey of South Koreans hits its apex at the age of 43, with surplus income totaling 17.92 million won, only to dip to a deficit from age 61 onwards, with [...]
WONJU, Nov. 29 (Korea Bizwire) – In a bid to enhance road safety, the Gangwon branch of the Korea Expressway Corporation has undertaken a project since last month to affix reflective tape and sleepy-eye stickers to cargo trucks, as well as replace rear reflectors at no cost. The initiative’s primary goal is to boost the visibility [...]
SEOUL, Nov. 28 (Korea Bizwire) – The ongoing supply disruption of hydrogen for vehicles in central South Korea has gradually eased, and the shortage is expected to be fully resolved by around mid-December, the industry ministry said Tuesday. Hydrogen charging stations in the greater Seoul area, the central Chungcheong Province and the eastern province of [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korea will push for using commercial satellites in low Earth orbit in a military communication system to efficiently enhance combat capability of the armed forces, the state arms procurement agency said Tuesday. The Defense Rapid Acquisition Technology Research Institute under the state-run Agency for Defense Development signed a [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korea’s consumer sentiment fell for the fourth straight month in November amid woes over an economic slowdown and high rates, a central bank poll showed Tuesday. The composite consumer sentiment index stood at 97.2 in November, down from 98.1 the previous month, marking the lowest since April this [...]
SEOUL, Nov. 28 (Korea Bizwire) — North Korea said Tuesday the country’s military spy satellite has taken photos of the White House, the Pentagon and nuclear aircraft carriers docked at a U.S. naval base. Leader Kim Jong-un viewed the photos as he received an operations report from the Pyongyang General Control Center of the National [...]
SEOUL, Nov. 28 (Korea Bizwire) — North Korea said Tuesday there were votes against candidates for deputies to local assemblies in the latest local elections, marking the first time that the repressive regime has reported opposing votes in its elections. A total of 27,858 workers, peasants, intellectuals and officials were elected new deputies for local [...]
SEOUL/PARIS, Nov. 28 (Korea Bizwire) — The vote for the host city of the 2030 World Expo is set to take place in Paris on Tuesday, with South Korea’s southeastern city of Busan making last-ditch efforts to pull off an upset in the competition against two other candidates. The host country will be selected by the member [...]
SEOUL, Nov. 28 (Korea Bizwire) – South Korean companies, facing chronic labor shortages, are turning to foreign workers to meet their needs. However, this move is facing strong opposition from the labor sector, which anticipates adverse effects on working conditions. On November 27, the Ministry of Employment and Labor confirmed that the Foreign Labor Policy Committee [...]
SEOUL, Nov. 28 (Korea Bizwire) – Recent research shows that only 0.8 percent of regular employees at the top 100 listed companies have a chance of reaching executive positions. The Korea CXO Research Institute states that, based on this year’s revenue, the likelihood of promotion to executive roles for these employees is 0.83 percent, which is [...]