SEOUL, Mar. 18 (Korea Bizwire) – A recent study has shed light on the varying perceptions of occupational prestige across different countries, with lawmakers being held in high regard in Korea, China, and Japan, while firefighters are esteemed in the U.S. and Germany. The research, conducted by the Korea Research Institute for Vocational Education and Training [...]
SEOUL, Mar. 18 (Korea Bizwire) – As concerns grow over household debt levels in South Korea, a new analysis has found that nearly one-third of those who have taken out loans from insurance companies are overwhelmed by obligations to multiple lenders, raising fears of potential defaults. The study by Lee Suk-ho, a senior research fellow at [...]
SEOUL, Mar. 17 (Korea Bizwire) –In an ambitious push to tackle South Korea’s alarmingly low birth rate, officials in Seoul announced on Sunday that they would provide transportation subsidies to all pregnant women living in the capital, regardless of how long they have been residents. The measure, eliminating a previous six-month residency requirement, is part [...]
SEOUL, Mar. 15 (Korea Bizwire) –Nobuyuki Suzuki, a 59-year-old Japanese citizen, once again failed to appear for a court hearing in Seoul related to charges of defamation stemming from an act of vandalism against the ‘Statue of Peace’. The statue symbolizes the victims of Japanese military sexual slavery during World War II. The hearing, presided [...]
SEOUL, Mar. 15 (Korea Bizwire) – The South Korean government is gearing up to disclose a report by year-end that will reveal the financial benefits received by doctors from pharmaceutical companies, sparking a debate on whether to include identifiable information such as names in the report. According to a statement from the Ministry of Health and [...]
SEOUL, Mar. 15 (Korea Bizwire) – Criticism is mounting over the severe financial strain that housing costs are placing on young people in Seoul. Recent figures have shown that the average monthly rent for small apartments in Seoul, specifically those under 33 square meters in size and with a security deposit below 50 million won, now [...]
SEOUL, Mar. 15 (Korea Bizwire) — An Indian exporter has been arrested for allegedly exporting cheap gold jewelry from his country to the United States by labeling them as South Korean goods, the customs agency here said Friday. The man, whose identity was withheld, was arrested and indicted by the U.S.’ Homeland Security Investigations (HSI) [...]
SEOUL, Mar. 15 (Korea Bizwire) — A power outage disrupted subway operations on a Line 3 section in Goyang, northwest of Seoul, on Friday morning, causing massive congestion for commuters during the morning rush hour. Korea Railroad Corp. (KORAIL) said the power outage happened at 4:30 a.m. between Wondang Station and Wonheung Station, leaving trains [...]
SEOUL, Mar. 15 (Korea Bizwire) — Health Minister Cho Kyoo-hong on Friday made a last-minute appeal for medical professors not to resign en masse in support of a prolonged walkout by junior doctors, as their threat to resign is expected to further disrupt services at major hospitals. More than 90 percent of the country’s 13,000 [...]
SEOUL, Mar. 15 (Korea Bizwire) – A recent study has revealed that 7 out of 10 young adults aged 25 to 39, residing with their parents in apartments, have no immediate plans to live independently until marriage. The study, titled ‘Trend Report: The Kangaroo Tribe,’ was released on March 14 by Focus Media Korea, the operator [...]