SEOUL, Oct. 3 (Korea Bizwire) – South Korean consumers are spending close to 500,000 won per year on subscription services, according to a new report released on October 2. The “Subscription Wars 2024″ report, presented by the British subscription bundling and payment company Bango at the M360 APAC conference in Seoul, reveals that South Korean consumers [...]
SEOUL, Oct. 2 (Korea Bizwire) – In South Korea, prescriptions for methylphenidate, a medication used to treat Attention Deficit Hyperactivity Disorder (ADHD), have skyrocketed in the first half of this year, nearly matching the total number of patients prescribed the drug in all of 2023. This surge comes amid growing misconceptions about the drug as a [...]
SEOUL, Oct. 2 (Korea Bizwire) – One in five unemployed South Koreans has been out of work for more than six months, according to recent government data, marking the highest level of long-term unemployment since the aftermath of the 1997-98 Asian financial crisis. Statistics Korea reported that as of August, the number of long-term unemployed individuals [...]
SEOUL, Oct. 1 (Korea Bizwire) –A North Korean defector in his 30s was arrested by South Korean police after attempting to cross the heavily fortified border back into North Korea in a stolen bus. The incident, which occurred in the early hours of October 1, has raised questions about the challenges faced by some North [...]
SEOUL, Oct. 1 (Korea Bizwire) – A recent study by the Bank of Korea suggests that an influx of foreign workers leads to increased employment opportunities for South Korean nationals in the long run, challenging some common perceptions about immigrant labor. The report, titled “The Impact of Foreign Worker Inflow on Regional Labor Markets,” was presented [...]
SEOUL, Oct. 1 (Korea Bizwire) – As the fever for medical school admissions intensifies in South Korea, lawmakers and education activists are pushing for legislation to regulate so-called “elementary med school” classes, where young children are taught advanced mathematics concepts typically reserved for high school or even university curricula. On September 30, Representative Kang Kyung-sook of [...]
SEOUL, Sept. 30 (Korea Bizwire) – A majority of South Koreans are willing to cut their annual consumption by 15% or more to combat global warming, according to a recent international survey that highlights the country’s growing environmental consciousness. The Korea Institute for Health and Social Affairs released a report comparing climate change perceptions across 10 [...]
SEOUL, Sept. 30 (Korea Bizwire) — A Seoul court is set to deliver verdicts Monday for the Yongsan Ward office chief and a former chief of the Yongsan Police Station over the deadly 2022 crowd crush in the district of Itaewon. Park Hee-young, head of the Yongsan Ward office, and former Yongsan Police Station chief [...]
SEOUL, Sept. 30 (Korea Bizwire) – A recent study has uncovered evidence of coordinated efforts to sway public opinion on South Korean online platforms through comments suspected to originate from China. The research, focused on industries where South Korea and China are in fierce competition, such as electric vehicles, batteries, and e-commerce, reveals a pattern of [...]
SEOUL, Sept. 30 (Korea Bizwire) — Prosecutors on Monday demanded a 3 1/2-year prison term for popera star Kim Ho-joong on charges of ramming into a taxi in Seoul and fleeing the scene. Kim was arrested and indicted for allegedly crashing into a stationary taxi in the opposite lane in Seoul’s southern district of Gangnam [...]