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Study Reveals Top University Graduates Earn Up to 50% More, Exacerbating Social Inequalities

Study Reveals Top University Graduates Earn Up to 50% More, Exacerbating Social Inequalities

SEJONG, Feb. 28 (Korea Bizwire) – A striking wage gap has emerged in South Korea, with graduates from the top 20% of universities earning up to 50% more than those from the bottom 20%. This significant disparity is fueling intense competition for university admissions, contributing to social issues such as low birth rates and regional imbalances, [...]

Hotline on Teachers’ Rights Infringement to Open Next Month

Hotline on Teachers’ Rights Infringement to Open Next Month

SEOUL, Feb. 27 (Korea Bizwire) — A hotline will open next month, allowing teachers to report cases of infringement upon their teaching rights, the education ministry said Tuesday. The plan was announced after the apparent suicide of a young public school teacher distressed by malicious parental complaints last year led to a series of mass [...]

Health Minister Warns Trainee Doctors to Face Punishment unless They Return to Work by Thursday Deadline

Health Minister Warns Trainee Doctors to Face Punishment unless They Return to Work by Thursday Deadline

SEOUL, Feb. 27 (Korea Bizwire) — Health Minister Cho Kyoo-hong said Tuesday that trainee doctors would face legal punishment, including suspension of their licenses, unless they go back to work by the Thursday deadline, stepping up warnings against thousands of junior doctors who left hospitals to protest against a plan to boost medical students. About [...]

Cases of Patient Damage from Doctors’ Walkout Pile Up

Cases of Patient Damage from Doctors’ Walkout Pile Up

SEOUL, Feb. 26 (Korea Bizwire) – Cases of patient damage are piling up, with an elderly woman dying of cardiac arrest without treatment, as trainee doctors have been away from work for the seventh day Monday in protest of the government’s medical school quota hike plan. Concerns about a healthcare service crisis are growing as more than 9,000 intern and resident doctors have walked off [...]

Finance Ministry Takes Central Role in Tackling Low Birthrate Crisis

Finance Ministry Takes Central Role in Tackling Low Birthrate Crisis

SEOUL, Feb. 26 (Korea Bizwire) – The search for solutions to South Korea’s critically low birthrate is increasingly highlighting the pivotal role of fiscal authorities. While the Presidential Committee on Ageing Society and Population Policy serves as the interdepartmental control tower and the Ministry of Health and Welfare is the primary agency, the essence of many [...]

Gov’t Says Trainee Doctors Won’t Be Held Accountable If They Return to Work by Thursday

Gov’t Says Trainee Doctors Won’t Be Held Accountable If They Return to Work by Thursday

SEOUL, Feb. 26 (Korea Bizwire) — The government said Monday it will not hold trainee doctors accountable if they return to work by Thursday as intern and resident doctors stayed off the job for the seventh day in protest of the medical school quota hike plan. Interior Minister Lee Sang-min made the remarks during a [...]

Concerns over Public Health Deepen as Mass Walkout by Trainee Doctors Enters 7th Day

Concerns over Public Health Deepen as Mass Walkout by Trainee Doctors Enters 7th Day

SEOUL, Feb. 26 (Korea Bizwire) — Concerns over public health deepened Monday as surgeries were delayed or reduced as thousands of trainee doctors didn’t come to work for the seventh day in a row in protest of the government’s plan to boost the number of medical students. About 8,000 trainee doctors have left worksites to [...]

Upcoming Drama “Wise Resident Life” Sparks Controversy Amid Doctors’ Strike Over Medical School Expansion

Upcoming Drama “Wise Resident Life” Sparks Controversy Amid Doctors’ Strike Over Medical School Expansion

SEOUL, Feb. 26 (Korea Bizwire) – The South Korean government’s policy to increase the number of medical school seats has led to a collective action by doctors, resulting in a healthcare gap that has left patients out in the cold. Amidst this backdrop, the upcoming tvN drama “Wise Resident Life” is facing backlash for its portrayal [...]

Interest Rate Hikes Lead to Sharp Decline in Consumer Spending Among Homeowners in Their 30s and 40s

Interest Rate Hikes Lead to Sharp Decline in Consumer Spending Among Homeowners in Their 30s and 40s

SEOUL, Feb. 26 (Korea Bizwire) – Amidst the ongoing economic challenges marked by high inflation and interest rates, recent data has revealed that individuals in their 30s and 40s who have taken on debt to purchase homes are the ones who have most drastically cut back on their spending following the rise in interest rates. A [...]

South Korean Doctors and Medical Students Rally Against Admissions Increase, Testing Government Resolve

South Korean Doctors and Medical Students Rally Against Admissions Increase, Testing Government Resolve

SEOUL, Feb. 23 (Korea Bizwire) – In a dramatic turn of events, the medical community in South Korea has launched a series of protests, including mass resignations by resident doctors and a collective leave of absence by medical students, in opposition to the government’s plans to increase medical school admissions. This move has sparked widespread concern [...]