SEOUL, Mar. 4 (Korea Bizwire) –A recent study by the Korea Institute for Health and Social Affairs has highlighted the financial concerns of childless newlyweds contemplating parenthood, with anticipated monthly child-rearing expenses exceeding 1.4 million won per child. This survey, conducted from May 30 to June 8, 2023, involved 300 households (150 men and 150 [...]
SEOUL, Mar. 4 (Korea Bizwire) – In a recent survey conducted by HR tech company Incruit’s gig worker platform ‘NewWorker,’ gig workers expressed high levels of satisfaction with the service. The survey, carried out from the February 8 to 12, involved 378 individuals who had taken on gig work through NewWorker in the past year. The [...]
SEOUL, Mar. 4 (Korea Bizwire) – A recent study has uncovered that college students who frequently drink alone, known as ‘solo drinkers,’ tend to experience higher levels of depression and anxiety compared to their peers who drink socially. The research, led by Jeon Hye-Rin, a clinical psychologist in training at Yonsei University College of Medicine’s Severance [...]
SEOUL, Mar. 4 (Korea Bizwire) – As the global economy faces prolonged downturns and increasing uncertainties, several South Korean conglomerates have initiated cost-cutting measures by reducing the compensation limits for their board members. According to filings with the Financial Supervisory Service’s Electronic Disclosure System, Samsung Electronics is set to propose a reduction in the total compensation [...]
SEOUL, Mar. 4 (Korea Bizwire) – As predictions of declining real estate values gain momentum, the scale of reverse mortgage guarantees in South Korea is set to hit an all-time high this year, signaling an increased adoption among homeowners. Reverse mortgages, available to individuals over 55, allow homeowners to secure a loan against their property to [...]
SEOUL, Mar. 4 (Korea Bizwire) — More than 100 civilian patients have visited military hospital emergency rooms since trainee doctors at general hospitals began a mass walkout last month in protest of the government’s medical school admissions plan, the defense ministry said Monday. Military hospitals fully opened their emergency wards to civilians on Feb. 20 [...]
SEOUL, Mar. 4 (Korea Bizwire) — Health Minister Cho Kyoo-hong said Monday there is no change in the government’s principle against “illegal” labor action by trainee doctors, warning that the government would begin legal steps to punish those who defy an order to return to work. Thousands of trainee doctors remained off their jobs at [...]
SEJONG, Mar. 4 (Korea Bizwire) – For working mom Park Soo-jin, 40, from Seoul, each day with her two-year-old is filled with joy. She occasionally entertains the thought of having a sibling for her child but has no immediate plans for a second child, largely due to the daunting prospect of a career gap from maternity leave [...]
SEOUL, March 3 (Korea Bizwire) – The presidential office vowed Sunday to respond with “zero tolerance” after allegations emerged online that some doctors were trying to forcibly mobilize drug salesmen for their rally protesting the government’s medical school quota hike plan. The announcement came as some 20,000 doctors from across the nation were expected to [...]
SEOUL, Mar. 1 (Korea Bizwire) –A coalition of South Korean labor and civic organizations has come together to launch a network dedicated to the implementation of a four-day workweek and the elimination of prolonged labor practices. Dubbed the “Four-Day Workweek Network,” the coalition officially commenced its activities with a launch ceremony held at the National [...]