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Prosecutors Indict Four for Leaking Semiconductor Technology to China

Prosecutors Indict Four for Leaking Semiconductor Technology to China

SEOUL, Jan. 17 (Korea Bizwire) — Prosecutors on Monday have indicted individuals including a former employee of a domestic company for leaking one of the nation’s core semiconductor technologies to China. The Suwon District Prosecutors Office announced that it had indicted four people, including a former researcher at SEMES Co., an affiliate of Samsung Electronics [...]

Childbirth Subsidies Don’t Work in Regions with Decreasing Population: Study

Childbirth Subsidies Don’t Work in Regions with Decreasing Population: Study

SEOUL, Jan. 16 (Korea Bizwire) – The childbirth subsidies given out by local authorities nationwide have had a minimal effect in regions with a shrinking population, posing a financial risk, a report showed Sunday. A study recently published by the Korea Institute for Health and Social Affairs made a comparison of childbirth subsidies distributed in [...]

Proportion of Self-employed Hits All-time Low in 2022 amid Pandemic

Proportion of Self-employed Hits All-time Low in 2022 amid Pandemic

SEOUL, Jan. 16 (Korea Bizwire) — The proportion of self-employed people in South Korea touched a record low in 2022 in the wake of the prolonged coronavirus pandemic, data showed Monday. Asia’s fourth-largest economy had 5.63 million self-employed people as of end-December, accounting for 20.1 percent of the 28.09 million employed in the country, according [...]

3 in 10 Koreans Who Were Hired Last Year Work Less than 36 Hours a Week

3 in 10 Koreans Who Were Hired Last Year Work Less than 36 Hours a Week

SEOUL, Jan. 16 (Korea Bizwire) — Three out of 10 South Koreans who were hired last year worked less than 36 hours a week, the statistics agency said Sunday. The number of part-time workers totaled 8,028,000 last year, accounting for 28.6 percent of total employment, the highest figure since 1980 when related data began to [...]

S. Korea’s COVID-19 Cases Fall to Lowest Sunday Tally in Nearly 3 Months

S. Korea’s COVID-19 Cases Fall to Lowest Sunday Tally in Nearly 3 Months

SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s new COVID-19 cases dipped to the lowest Sunday tally in almost three months, as the government has stepped up efforts to contain the inflow from China. A total of 32,570 additional coronavirus infections, including 104 cases from overseas, have been confirmed nationwide, bringing the total caseload to [...]

S. Korean Population Falls for 3rd Consecutive Year in 2022

S. Korean Population Falls for 3rd Consecutive Year in 2022

SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s population shrank last year, continuing its downward trend for three years in a row, with the number of single-person households close to 10 million, government data showed Sunday. The Ministry of Interior and Safety said the country’s registered population stood at 51,439,038 as of Dec. 31 of [...]