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Unidentified Online Threat Sparks Fear, Police Mobilization in Seoul Suburb

Unidentified Online Threat Sparks Fear, Police Mobilization in Seoul Suburb

SUWON, Sept. 25 (Korea Bizwire) – A week after an anonymous online post threatened a mass stabbing at a busy subway station in the Seoul suburb of Seongnam, local residents remain on edge as the author of the menacing message continues to elude authorities.  The incident began on September 18, when an unidentified individual posted on [...]

Consumer Sentiment Down for 2nd Month in September

Consumer Sentiment Down for 2nd Month in September

SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s consumer sentiment slipped for a second straight month in September due to a delay in the recovery of domestic demand, a central bank poll showed Wednesday. The composite consumer sentiment index stood at 100 this month, down from the previous month’s 100.8, according to the survey conducted [...]

Divorcees Open Up About Appearance Concerns in Future Partners

Divorcees Open Up About Appearance Concerns in Future Partners

SEOUL, Sept. 25 (Korea Bizwire) – A recent survey of divorced individuals in South Korea has shed light on the complexities of remarriage, particularly the role physical appearance plays in initial meetings between potential partners.  The survey, conducted jointly by ONLYou, a remarriage-focused matchmaking company, and Bien Aller, a marriage information service, polled 516 divorced men [...]

South Korean University Offers Breakfast for Just 100 Won to Boost Student Health and Local Rice Consumption

South Korean University Offers Breakfast for Just 100 Won to Boost Student Health and Local Rice Consumption

ASAN, Sept. 25 (Korea Bizwire) – Soonchunhyang University has announced a new initiative to provide students with a hearty breakfast for a mere 100 won, starting from the fall semester. The program, revealed on September 24, aims to ensure students begin their day with a nutritious meal.  This move comes on the heels of a broader [...]

South Korea’s Plan to Allow Foreign Doctors Faces Scrutiny Amid Low Pass Rates

South Korea’s Plan to Allow Foreign Doctors Faces Scrutiny Amid Low Pass Rates

SEOUL, Sept. 25 (Korea Bizwire) – As the South Korean government moves to address medical shortages by allowing foreign-licensed doctors to practice, new data reveals that only 54.5% of foreign medical school graduates passed a key qualifying exam, raising concerns about the quality of care such a policy might introduce. The preliminary examination for medical licenses, [...]

Half of South Korea’s Population Will Be Over 65 by 2072, Report Warns

Half of South Korea’s Population Will Be Over 65 by 2072, Report Warns

SEOUL, Sept. 24 (Korea Bizwire) – A new government report paints a stark picture of South Korea’s demographic future, projecting that the country’s rapid aging and declining birth rates will outpace global trends over the next five decades.  The Statistics Korea report, released on September 23, forecasts that by 2072, nearly half of South Korea’s population [...]

Gov’t, Ruling Party Agree to Ramp Up Support to Unemployed, Isolated Youth

Gov’t, Ruling Party Agree to Ramp Up Support to Unemployed, Isolated Youth

SEOUL, Sept. 24 (Korea Bizwire) — The government and the ruling People Power Party (PPP) agreed Tuesday to take measures to support the unemployed youth and to swiftly pass a bill aimed at assisting the “youth in crisis.” During their policy consultations, the two sides decided to support young people seeking employment by increasing work [...]

Tax Data Exposes Worsening Income Crisis for South Korea’s Self-Employed

Tax Data Exposes Worsening Income Crisis for South Korea’s Self-Employed

SEJONG, Sept. 23 (Korea Bizwire) – A stark revelation about the economic struggles of South Korea’s self-employed population has emerged from recent tax data, showing that nearly 75% of individual business owners reported monthly incomes below 1 million won in 2022.  The figures, released by the National Tax Service and analyzed by Representative Park Sung-hoon of [...]