SEOUL, May 26 (Korea Bizwire) — The prices of diesel and gasoline in South Korea both climbed to over 2,000 won (US$1.58) per liter on Thursday on a continued tight global supply, industry data showed. The average retail price of diesel fuel had risen 0.88 won to 2,003.56 won per liter as of 2:30 p.m., [...]
SEOUL, May 26 (Korea Bizwire) — South Korea’s working-age population is expected to plunge 35 percent over the next 30 years amid the record low birthrate and rapid aging, a government estimate showed Thursday. The working-age population, or people aged 15 to 64, is expected to reach 24.19 million in 2050, down from 37.38 million [...]
SEOUL, May 26 (Korea Bizwire) — Employment of wage workers in South Korea grew at a slower clip in the fourth quarter of 2021 compared with three months earlier amid the prolonged COVID-19 pandemic, data showed Thursday. The number of paid employee jobs came to 19.97 million in the fourth quarter, up 376,000, from a [...]
SEOUL, May 26 (Korea Bizwire) – There were more than 1.5 million gig workers who worked fewer than 15 hours a week in South Korea last month, setting a new record, according to the data from the Statistics Korea. Including those on temporary leave, the number of workers with less than 15 work hours per week neared 2 [...]
SEOUL, May 26 (Korea Bizwire) — The Daejeon District Public Prosecutors Office said Wednesday it had indicted two Chinese individuals in collaboration with the Ministry of Culture, Sports and Tourism for illegally sending Korean broadcasting content abroad over the past six years. Among them, the one who was arrested in South Korea was indicted with [...]
SEOUL, May 25 (Korea Bizwire) — South Korea’s new COVID-19 cases stayed in the 20,000s for the second consecutive day Wednesday, down nearly 7,400 cases from a week ago, as the COVID-19 pandemic is in retreat. The country added 23,956 new infections, including 21 cases from overseas, bringing the total caseload to 18,017,923, the Korea [...]
SEOUL, May 25 (Korea Bizwire) — South Korea’s first-quarter fertility rate hit a fresh nadir and its population fell for 29 months running in March amid rising deaths, data showed Wednesday, pointing to the country’s gloomy demographic situation and chronically low birthrate. The country’s total fertility rate — the average number of children a woman [...]
SEOUL, May 25 (Korea Bizwire) — Police said Wednesday they have wrapped up an investigation into a crypto investor accused of trespassing at the apartment of Do Kwon, co-founder and CEO of Terraform Labs, and sent the case to the prosecution suggesting he be indicted. The suspect, whose identity has been withheld, allegedly entered the [...]
SEOUL, May 24 (Korea Bizwire) — South Korea’s new COVID-19 cases continued a downward trend Tuesday, dropping more than 5,000 cases from a week ago, as the omicron-fueled surge has lost steam since mid-March. The country added 26,344 new infections, including 43 cases from overseas, bringing the total caseload to 17,993,985, the Korea Disease Control [...]
SEOUL, May 24 (Korea Bizwire) — About half of the Korean households that have concerns, worries, and conflicts pointed to the health of family members as the biggest cause of conflict, a survey showed Monday. According to a survey conducted jointly by the Korea Institute for Health and Social Affairs and Seoul National University of [...]