SEOUL, Mar. 21 (Korea Bizwire) – The number of South Koreans opting to receive their national pension benefits before the official retirement age, despite incurring a financial penalty, has reached nearly one million, reflecting the economic struggles faced by many retirees. According to data from the National Pension Service released on March 20, the total number [...]
SEOUL, Mar. 21 (Korea Bizwire) – South Korea’s healthcare system is facing a significant challenge as a staggering 80.6% of nurses who resigned from hospitals in 2022 had less than five years of experience, according to an analysis by the Korean Nurses Association. The data, based on a survey conducted by the Hospital Nurses Association on [...]
SEOUL, Mar. 21 (Korea Bizwire) — The health ministry said Thursday it will begin suspending medical licenses of trainee doctors who have defied a return-to-work order from next week, as the government pushed ahead with its plan to hike the number of medical students. A monthlong walkout by trainee doctors in protest of the hike [...]
SEOUL, Mar. 21 (Korea Bizwire) – A recent survey has revealed that 4 out of 10 households in South Korea have family members, primarily children, who do not consume kimchi, the traditional dish of fermented vegetables. As households increasingly rely on store-bought kimchi, there is a growing demand for clearer labeling regarding levels of spiciness and [...]
SEJONG, Mar. 21 (Korea Bizwire) – A striking trend has emerged in South Korea, with a sharp rise in the number of Korean women marrying Vietnamese men, prompting scrutiny into the underlying factors driving this phenomenon. Many of these Korean women were previously married to Korean men who had obtained South Korean citizenship after immigrating from [...]
WASHINGTON/ROME, Mar. 20 (Korea Bizwire) — An appeals court in the Balkan country of Montenegro finalized a decision Wednesday to have Do Kwon, the co-founder of the cryptocurrency firm Terraform Labs, be extradited to his home country, South Korea. In a statement on its website, the court said that it had rejected an appeal by [...]
SEOUL, Mar. 21 (Korea Bizwire) — The International Labour Organization (ILO) has dismissed a request by striking South Korean trainee doctors for intervention in the government’s back-to-work order, concluding that they are not recognized as a labor union eligible for the process, officials said Thursday. The labor ministry revealed the development after the Korean Intern [...]
SEOUL, Mar. 21 (Korea Bizwire) – The number of outside directors working for South Korea’s 50 largest corporate groups surpassed 1,000 last year, with nearly 90 individuals serving on the boards of two separate companies, according to a report released on Monday. The Korea CXO Institute, a corporate analysis firm, found that among the top 50 [...]
CHANGWON, Mar. 21 (Korea Bizwire) – As South Korea’s aging population continues to rise, the South Gyeongsang provincial government has announced a new elderly welfare brand aimed at addressing the four major challenges faced by the elderly – poverty, illness, loneliness, and loss of purpose. The initiative, unveiled on March 20, seeks to support a fulfilling [...]
SEOUL, Mar. 20 (Korea Bizwire) – South Koreans feel happier and perceive their social status as higher when their household incomes are larger, according to an annual government survey released on March 19 that highlighted the nation’s emphasis on economic growth over wealth distribution. The 2023 Social Integration Survey conducted by the Korea Institute of Public [...]