DOHA, Oct. 24 (Korea Bizwire) — South Korean President Yoon Suk Yeol on Tuesday pitched his country’s appeal as an investment and business partner for the Middle East. In a speech during the Future Investment Initiative forum in Riyadh, dubbed “Davos in the Desert,” Yoon said South Korea can be trusted, has cutting-edge industries, and [...]
SEOUL, Oct. 25 (Korea Bizwire) — South Korea’s consumer sentiment slid for the third straight month in October amid woes over an economic slowdown, slumping exports and weakened spending power, a central bank poll showed Wednesday. The composite consumer sentiment index stood at 98.1 in October, down from 99.7 the previous month, marking the lowest [...]
SEJONG, Oct. 25 (Korea Bizwire) — South Korea’s agricultural ministry said Wednesday it plans to complete the vaccination of cattle against lumpy skin disease (LSD) by early next month, as it strives to contain the nationwide spread of the disease. The announcement came as confirmed LSD cases in cattle rose to 29 as of Wednesday [...]
SEOUL, Oct. 25 (Korea Bizwire) — South Korea’s Vice Defense Minister Kim Seon-ho will attend an international defense forum in China next week for talks on regional security, defense officials in Seoul said Wednesday. Kim, who took office last week, will take part in the Xiangshan Forum, which will run from Sunday through Tuesday, in [...]
SEOUL, Oct. 25 (Korea Bizwire) – An analysis of actor salaries for dramas produced by Korean broadcasting companies has revealed a substantial gap, with lead actors earning up to 2,000 times more than extras. In light of this situation, there is a growing chorus of voices advocating for improved treatment and compensation for supporting actors. According [...]
SEOUL, Oct. 25 (Korea Bizwire) – While reading rates continue to decline, an increasing number of books are accumulating in public libraries, exacerbating the imbalanced supply and demand dynamics within the reading market. Remarkably, all 10 major national universities, including Seoul National University, are grappling with overburdened libraries. An analysis conducted using the Academic Information Statistics [...]
SEJONG, Oct. 24 (Korea Bizwire) – According to a new report released by the National Assembly’s Budget and Policy Office, South Korea’s youth population is facing a significant decline, with an estimated 50 percent reduction by the year 2040 if the current low fertility rate persists. The report titled “Estimation of Total Population Reflecting Recent [...]
SEOUL, Oct. 24 (Korea Bizwire) –A recent survey revealed that more than half of delivery workers have seen a reduction in their income since the onset of the COVID-19 pandemic. The study, conducted online by the Delivery Platform Workers’ Union and the National Legislative Center over the course of a month, beginning on July 24th [...]
SEOUL, Oct. 24 (Korea Bizwire) — The amount of drugs seized before being smuggled into South Korea jumped 30 percent on-year during the first nine months of 2023, the customs agency said Tuesday. The number of smuggling attempts fell 11 percent to 501 cases during the cited period, but the average volume involved in each [...]
SEOUL, Oct. 24 (Korea Bizwire) — The number of non-regular workers in South Korea inched down in 2023 as the country lost temporary contracts mainly in the construction and retail sectors amid an economic slowdown, data showed Tuesday. The number of non-regular workers, including people working part-time and on temporary contracts and outsourced laborers, came [...]