SEOUL, March 14 (Korea Bizwire) — The chief of the South Korean central bank warned Friday the current level of ultra-low birth rate will cause South Korea to log negative economic growth after 2050, calling for measures to ease intense competition and burdens regarding employment, housing and child care. The Bank of Korea (BOK) Gov. [...]
SEOUL, March 14 (Korea Bizwire) — More than 80% of Generation Z college students in South Korea oppose recent tuition hikes, according to a new survey released on March 13. The study, conducted by Vinulabs Insight through the college community platform Everytime, surveyed 204 university students between February 28 and March 4. It found that 84.8% [...]
SEOUL, March 13 (Korea Bizwire) — With South Korea entering a super-aged society, the looming milestone of one million people living with dementia is casting a long shadow over the nation’s social fabric, presenting unprecedented challenges in caregiving and healthcare infrastructure. According to data released by the Ministry of Health and Welfare on March 12, the [...]
SEOUL, March 13 (Korea Bizwire) — Two Air Force fighter jet pilots were booked Thursday over last week’s accidental bombing of a village after pilot error was found to be the cause of the accident, the defense ministry said. Last Thursday, two KF-16 fighter jets dropped eight MK-82 bombs outside a training range in Pocheon, [...]
SEOUL, March 13 (Korea Bizwire) — People with disabilities in South Korea face significantly higher rates of dementia and other health challenges compared to the general population, according to a comprehensive health statistics report released by the National Rehabilitation Center on March 12. The study, which examined 86 health indicators among 2.65 million registered people with [...]
SEOUL, March 12 (Korea Bizwire) — A recent study reveals that South Korea’s younger generation perceives marriage and childbirth with overwhelmingly negative emotions, with financial concerns emerging as the dominant theme. The Korean Peninsula Population Institute for Future (KPPIF), a nonprofit research organization, analyzed approximately 50,000 posts on the workplace community platform Blind from November [...]
SEOUL, March 12 (Korea Bizwire) — South Korea added more than 130,000 jobs for the second consecutive month in February, but the construction and manufacturing sectors continued to see sharp declines, data showed Wednesday. The number of employed people came to 28.18 million as of the end of last month, up 136,000 from a year [...]
SEOUL, March 12 (Korea Bizwire) — Families with three or more minor children will soon enjoy priority immigration processing at major airports across South Korea, including Incheon International Airport, as part of the government’s latest efforts to combat the country’s declining birth rate. The new fast-track service, set to begin in June, is among several measures [...]
DAEJEON, March 12 (Korea Bizwire) — Police on Wednesday disclosed photos and the identity of a teacher arrested on charges of stabbing an 8-year-old student to death at an elementary school in the central city of Daejeon last month. The mug shots of Myeong Jae-wan, 48, were made public by the Daejeon Metropolitan Police Agency [...]
SEOUL, March 12 (Korea Bizwire) — South Korea’s energy consumption grew at a sharply slower pace in 2022 than in previous years mainly due to limited transportation during the COVID-19 pandemic and lower demand from households, the industry ministry said Wednesday. The country’s overall energy consumption stood at 230 million tons of oil equivalent (TOE) [...]