SEOUL, March 19 (Korea Bizwire) — As South Korea enters a super-aged society, health experts and policymakers are increasingly calling for an adjustment to the official age classification of “elderly,” citing evidence that older adults are maintaining good physical function well into their 70s. At a policy forum hosted by the Ministry of Health and [...]
SEOUL, March 19 (Korea Bizwire) — A new government survey has revealed that the number of non-professional foreign workers holding E-9 visas in South Korea now exceeds 300,000, with the vast majority employed in the mining and manufacturing industries. Statistics Korea released its “2024 Survey on Immigration Status and Employment – Foreign Residents by Visa Status” [...]
SEOUL, March 19 (Korea Bizwire) – Police will deploy about 14,000 riot police officers in Seoul on the day of President Yoon Suk Yeol’s impeachment ruling by the Constitutional Court to respond to possible social unrest, police officials said Wednesday. The number represents 60 percent of all available riot control forces to be mobilized nationwide [...]
SEOUL, March 19 (Korea Bizwire) — South Korea has witnessed an alarming 43-fold increase in the illegal importation of medications containing narcotic substances, including cold medicines, sleeping pills, and diet pills, over the past four years, customs officials reported on March 17. According to the Korea Customs Service (KCS), the volume of illegal pharmaceuticals containing narcotic [...]
SEOUL, March 18 (Korea Bizwire) — If given the chance to restart their retirement planning, South Korean retirees would overwhelmingly choose real estate investment as their primary strategy, according to a new national survey released today by the Korea Insurance Development Institute. The survey, conducted last November across South Korea’s 17 provinces and major cities, gathered [...]
SEOUL, March 18 (Korea Bizwire) — South Korea’s middle class continues to experience a prolonged decline in consumer spending, even as low- and high-income groups show signs of recovery, according to a new report from the Korea Chamber of Commerce and Industry (KCCI) released Monday. The study, titled “Recent Consumption Trends and Implications,” analyzed real [...]
SEOUL, March 18 (Korea Bizwire) — A majority of leading South Korean companies now evaluate job candidates’ compatibility with their organizational culture during the hiring process, according to the results of a government survey released on March 17, highlighting a growing emphasis on workplace cultural alignment in Asia’s fourth-largest economy. The Ministry of Employment and Labor and [...]
SEOUL, March 18 (Korea Bizwire) — Only about half of large companies in South Korea operated an environmental, social and governance (ESG) committee last year, reflecting their commitment to sustainable growth, a report showed Tuesday. According to the report by corporate research firm Leaders Index, 194 companies, or 53.7 percent, of 361 companies with available [...]
SEOUL, March 18 (Korea Bizwire) — Foreigners refusing to leave the country despite an eviction order will be forcibly deported, the justice ministry said Tuesday. Forced eviction is the strongest administrative measure that involves deporting a foreigner for illegally entering the country or violating conditions of their stay. “We plan to operate a designated overseas [...]
SEOUL, March 16 (Korea Bizwire) — The number of young South Koreans who were jobless or opted to remain economically inactive surpassed 1.2 million last month amid tough job market conditions, data showed Sunday. A total of 1.21 million individuals aged 15 to 29 either remained unemployed or economically inactive to prepare for a job [...]