SEOUL, June 21 (Korea Bizwire) — South Korean young people who invested heavily in apartments, stocks or crypto-assets last year are being hit with a breakdown in asset values. What’s more, the expected rise of U.S. interest rates is getting people worried, especially those who have borrowed large sums of money to buy real estate. [...]
SEOUL, June 21 (Korea Bizwire) — The quality of employment among women and seniors has deteriorated during the pandemic era, South Korea’s central bank said Monday. The Bank of Korea (BOK) reported Monday that 41.6 percent of female senior workers over 60 years were categorized as ‘more-or-less vulnerable’ as of April this year, while 3.4 [...]
SEOUL, June 21 (Korea Bizwire) — A stalking murder suspect was given a life sentence by a local court Tuesday for killing his former girlfriend’s mother and seriously injuring her younger brother. The Seoul Eastern District Court sentenced the suspect named Lee Seok-joon, 26, to life in prison after finding him guilty of multiple charges, [...]
SEOUL, June 21 (Korea Bizwire) — The South Korean Catholic Church expressed its clear opposition to the legislation of the so-called “well-dying law” recently proposed in the National Assembly. The Catholic Archdiocese of Seoul’s Committee for Life said Monday that what terminal patients need to reduce pain and face death with dignity aren’t acts that [...]
SEOUL, June 21 (Korea Bizwire) — The number of employed one-person households in South Korea showed a steep increase last year amid an economic recovery, government data showed Tuesday. As of October 2021, the number of working one-person households jumped by 440,000 on-year to 4.14 million households, according to the data compiled by Statistics Korea. [...]
SEOUL, June 20 (Korea Bizwire) — South Korea’s new COVID-19 cases fell to the lowest level in more than five months on Monday, partly due to fewer tests over the weekend, providing a clear indication of the slowing spread of omicron. The country added 3,538 new COVID-19 infections, including 96 from overseas, bringing the total [...]
SEOUL, June 20 (Korea Bizwire) — Delivery-only restaurants are facing a life-or-death situation due to the lifting of social distancing rules and the sky-high prices of food materials. Owners of such restaurants that opened during the peak of the pandemic from late last year to early this year are giving up operations or opting to [...]
SEOUL, June 19 (Korea Bizwire) — South Korea’s new COVID-19 cases stayed below 10,000 for the 10th straight day Sunday, with fewer tests conducted over the weekend amid the slowing spread of the virus. The country added 6,071 infections, including 83 cases from overseas, bringing the total caseload to 18,276,552, the Korea Disease Control and [...]
SEOUL, June 19 (Korea Bizwire) — President Yoon Suk-yeol hosted a “housewarming” event in the front yard of the presidential office in central Seoul on Sunday, inviting some 400 neighbors and others to celebrate the relocation of the office. Living up to his campaign pledge, Yoon has moved the presidential office to the former defense [...]
SEOUL, June 18 (Korea Bizwire) — South Korea’s new coronavirus cases remained below 10,000 for the ninth day in a row Saturday, as the spread of COVID-19 is apparently slowing down. The country added 6,842 COVID-19 infections, including 79 cases from overseas, bringing the total caseload to 18,270,481, the Korea Disease Control and Prevention Agency [...]