SEOUL, Jan. 11 (Korea Bizwire) – A recent study by the National Pension Research Institute has uncovered a concerning reality for South Korea’s older population. Nearly half of the individuals over 50 years old find themselves without support in times of sudden financial need. As part of the study, over 6,200 people aged 50 and above [...]
SEOUL, Jan. 11 (Korea Bizwire) – Over 8,000 permanent residents have fulfilled South Korea’s military service over the past two decades under a voluntary enrollment system, the Military Manpower Administration (MMA) said Thursday. The manpower agency adopted the voluntary enrollment system in 2004 to allow overseas residents whose mandatory military service was exempted or postponed [...]
SEOUL, Jan. 11 (Korea Bizwire) – The Health Insurance Review and Assessment Service (HIRA) in South Korea recently reported a significant rise in the number of individuals seeking treatment for depression, surpassing one million in 2022. Looking back over the past five years, there has been a consistent increase in these numbers. Starting from 753,011 in [...]
BUSAN, Jan. 11 (Korea Bizwire) – In Busan, South Korea, individuals over the age of 50 are approaching half of the city’s total population. According to statistics released by Busan Metropolitan City on January 10, as of 2022, this age group comprised 1.53 million people, or 46.5% of the city’s population. The breakdown of this demographic [...]
SEOUL, Jan. 11 (Korea Bizwire) – KakaoPay, South Korea’s popular payment platform, has witnessed an astonishing 14-fold increase in transactions made by foreign tourists within a year. This surge is attributed to the rise in international visitors in the post-COVID era and the expansion of KakaoPay-affiliated merchants linked to foreign fintech (payment) services. According to the [...]
SEOUL, Jan. 10 (Korea Bizwire) – Three people received rewards totaling over 100 million won (US$75,800) for providing information leading to the conviction or arrest of individuals involved in illegal drug crimes, officials said Wednesday. The Anti-Corruption and Civil Rights Commission said it marks the first time that cash rewards have been given to individuals [...]
SEOUL, Jan. 10 (Korea Bizwire) — The suspect in the stabbing attack on opposition leader Lee Jae-myung said Wednesday he is sorry for causing concern as he was referred to the prosecution on charges of attempted murder for further investigation and potential indictment. “I caused concerns. I am sorry,” the 67-year-old suspect, known by his [...]
SEOUL, Jan. 10 (Korea Bizwire) — Nearly half of the chief executives of the leading 500 firms in South Korea are in their 60s, a survey showed Wednesday. According to the survey conducted by CEO Lab, a corporate research organization, on the age of CEOs of the top 500 companies, the average age of a [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s on-year employment grew at a slower pace in 2023 as the number of newly employed fell in the manufacturing sector and among young people, data showed Wednesday. The number of employed people rose 327,000 in 2023 from a year earlier, or 1.2 percent, to come to 28.41 [...]
SEOUL, Jan. 10 (Korea Bizwire) — Roh So-young, the estranged wife of SK Group Chairman Chey Tae-won, is said to have virtually doubled her claim for alimony and division of Chey’s wealth in their ongoing divorce appellate trial to over 2 trillion won (US$1.5 billion), judicial officials said Wednesday. Chey, who runs South Korea’s second-largest [...]