DAEJEON, Dec. 13 (Korea Bizwire) – Amidst an abrupt termination of contracts by KB Kookmin Bank with its call center service providers in the Daejeon area, a growing number of non-regular employees, primarily call center associates, are intensifying their protests demanding the invalidation of their layoffs and assurances for employment succession. On December 12, union representatives, [...]
SEOUL, Dec. 12 (Korea Bizwire) – In a concerning trend, mortgage delinquency rates among homeowners in their 20s and below are surging, far outpacing other age groups. Young adults who have recently entered the workforce are finding themselves trapped in high-interest mortgages, leaving them struggling to make the monthly payments. According to data obtained by National [...]
SEJONG, Dec. 12 (Korea Bizwire) – In a recent report from Statistics Korea, it was revealed that less than half of newlywed couples own homes, with a significant percentage of them carrying mortgage debt. Furthermore, dual-income couples have seen a slight increase in their annual incomes, with the average surpassing 84 million won. According to data [...]
SEOUL, Dec. 11 (Korea Bizwire) – The demographic cohort exhibiting the highest degree of media literacy, denoting a critical understanding of media content, is individuals in their 30s, with men slightly surpassing women in gender-related literacy. According to a study conducted by Koh Heungseok, a professor of media and culture at Kunsan National University, titled “Regional [...]
SUWON, Dec. 8 (Korea Bizwire) – The percentage of single-person households in Gyeonggi Province has exceeded 30 percent of all households in the province. According to the “2023 Gyeonggi Province Single-person Household Statistics” report released on Thursday, there were 1.64 million single-person households recorded at the conclusion of the 2022 census, constituting 30.2 percent of the [...]
SEOUL, Dec. 7 (Korea Bizwire) — Korea Electric Power Corp. (KEPCO) on Thursday issued a public apology over a massive power outage that hit the southeastern industrial city of Ulsan the previous day. The blackout occurred at around 3:37 p.m. in a southern residential district of Ulsan, about 300 kilometers southeast of Seoul, due to a malfunctioning [...]
SEOUL, Dec. 7 (Korea Bizwire) – Last year, individuals in their 50s emerged as the most prevalent age group in the workforce, marking the first time this age bracket has been designated as the “most employed” since 2016, when statistics were first recorded. This shift from the previous trend, where the majority of workers were in [...]
SEOUL, Dec. 7 (Korea Bizwire) – On December 6, the business research institute Leaders Index revealed that family members serving as top executives (CEO, Vice Chairman, Chairman) in the management of the top 100 domestic conglomerates, on average, climb the corporate ladder to become executives in their early to mid-30s, subsequently reaching the CEO position within [...]
SEOUL, Dec. 7 (Korea Bizwire) – The recent recruitment efforts for next year’s specialties at the renowned ‘Big 5′ hospitals in South Korea saw critical departments like pediatrics as well as obstetrics and gynecology facing challenges in meeting their quotas. Despite government incentives, a reluctance to pursue these specialties has persisted. Even in rural areas, where [...]
SEOUL, Dec. 6 (Korea Bizwire) – A study released by the Statistics Research Institute of Statistics Korea on December 5 revealed that the annual value of household labor services in South Korea has surged to an estimated 500 trillion won. Notably, there exists a significant 2.6-fold difference in contributions between men and women. Based on the [...]