CHANGWON, Feb. 12 (Korea Bizwire) — Jewelry store owners in South Korea’s Changwon region are on high alert following a recent theft of millions of won worth of precious metals, amid record-high gold prices. According to the Korea Precious Metals Retailers Association on February 11, jewelry store owners in South Gyeongsang Province are sharing descriptions of [...]
SEOUL, Feb. 12 (Korea Bizwire) — The South Korean government is intensifying its suicide prevention efforts in collaboration with local authorities as suicide deaths are expected to continue their upward trend from last year. The Ministry of Health and Welfare announced on February 11 that Second Vice Minister Park Min-soo held a meeting with deputy governors [...]
SEOUL, Feb. 11 (Korea Bizwire) — As hiring at major corporations and public institutions continues to shrink, more than 420,000 young South Koreans have given up on job searching, reflecting a deepening employment crisis among the nation’s youth. According to data released by Statistics Korea on February 10, the average number of employees at businesses with [...]
BUSAN, Feb. 10 (Korea Bizwire) — A man who attempted to rob a bank with a toy gun was apprehended within two minutes by citizens and bank staff, drawing widespread online satire that likened the incident to recent political rhetoric from President Yoon Suk Yeol. On February 10, a man in his 30s entered a [...]
SEOUL, Feb. 11 (Korea Bizwire) — Faced with the worst economic downturn in 21 years, South Korean consumers are increasingly turning to supermarkets over big-box retailers, preferring to buy necessities in smaller quantities rather than bulk purchases. According to data from Statistics Korea and industry sources, total retail sales fell by 2.2% in 2024, marking [...]
DAEJEON, Feb. 11 (Korea Bizwire) – A teacher accused of stabbing an 8-year-old student to death at an elementary school in the central city of Daejeon was found to have shown signs of aggression toward another teacher days before the incident, police said Tuesday. The female teacher in her 40s admitted to stabbing the girl [...]
SEOUL, Feb. 11 (Korea Bizwire) — Travelers using South Korea’s Incheon International Airport are being advised to arrive up to six hours before their flights, highlighting the facility’s ongoing struggle with long queues despite recent multi-billion won upgrades. The issue came into sharp focus during the recent Lunar New Year holiday, when wait times reached new [...]
SEOUL, Feb. 10 (Korea Bizwire) — A recent survey has revealed that one in three South Korean workers has experienced workplace harassment in the past year, marking a noticeable increase from the previous year. The survey, commissioned by Workplace Gapjil 119, an advocacy group for workers’ rights, and conducted by polling firm Global Research, polled 1,000 [...]
SEOUL, Feb. 10 (Korea Bizwire) – One in four flights operated by South Korean airlines last year experienced delays in flight departures or arrivals, government data showed Monday. According to the transport ministry data submitted to the office of Rep. Ahn Tae-jun of the main opposition Democratic Party, the average delay rate for domestic and [...]
SEOUL, Feb. 10 (Korea Bizwire) — In a bold move to support young couples and maintain recent upticks in birth rates, the Seoul Metropolitan Government announced plans to provide newly married couples with 1 million won in marriage grants starting this October. The initiative, currently under review by the Ministry of Health and Welfare, will target [...]