SEOUL, Oct. 23 (Korea Bizwire) — The Halloween night in Itaewon began like any other — laughter spilling out of bars, music vibrating through narrow alleys — until it became a tragedy that left 159 people dead and a nation in disbelief. Now, nearly three years later, a government audit has concluded that one of the [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Korea remains one of only two major economies — alongside Japan — where large and small firms receive markedly different levels of tax incentives for research and development (R&D) and where unclaimed credits cannot be directly refunded, according to a new analysis by the Korea Chamber of Commerce and [...]
SEJONG, Oct. 23 (Korea Bizwire) — South Korea’s non-regular workforce has climbed to its highest level on record, surpassing 8.56 million as of August, with older workers driving much of the increase and the wage gap between regular and non-regular employees widening to an all-time high, government data showed Wednesday. According to the National Data Office’s [...]
SEOUL, Oct. 23(Korea Bizwire) — A modest tray of white rice, kimchi stew with tuna, bulgogi, stir-fried potatoes, dried seaweed, cherry tomatoes, and a banana might not seem revolutionary. Yet in South Korea’s evolving disaster management system, this humble combination marks a quiet but meaningful shift. The Korean Red Cross, in partnership with the Ministry of [...]
SEOUL, Oct. 21 (Korea Bizwire) — South Korea’s National Police Agency has suspended its use of a domestic artificial intelligence–based legal information platform, citing cost pressures and growing concerns over the reliability of AI-generated content after a recent controversy involving ChatGPT-created false legal citations. According to police officials on Tuesday, the agency announced on its internal [...]
SEOUL, Oct. 21 (Korea Bizwire) — Dual-income couples are more likely to consider having children when housework and earning power are shared equally between partners, a new study has found. According to research published by the Korea Institute of Child Care and Education, women’s willingness to have children rises significantly when household chores are evenly [...]
SEOUL, Oct. 21 (Korea Bizwire) — South Korea will expand its national pension premium support program starting in 2026 to cover low-income individuals who have temporarily lost income due to job loss or business closure, even if they do not immediately resume payments, the government announced Monday. The reform, part of the pension overhaul agreed upon [...]
SEOUL, Oct. 16 (Korea Bizwire) — Two of South Korea’s largest music copyright organizations are locked in a legal dispute over more than 100 billion won (about $72 million) in so-called “residual royalties” collected from YouTube — funds generated from music whose rights holders were unidentified or failed to claim payment in time. The Korea Music [...]
SEOUL, Oct. 16 (Korea Bizwire) — Despite six years under South Korea’s workplace bullying ban, nearly one in three employees who experience or witness such abuse choose not to report it, often fearing retaliation or reputational harm, a new government survey shows. According to data obtained by Rep. Kim Wi-sang of the People Power Party from [...]
DAEGU, Oct. 16 (Korea Bizwire) — The recent killing of a South Korean college student from Yecheon, North Gyeongsang Province, in Cambodia has shed new light on how young Koreans are being lured overseas by criminal networks with false promises of easy money, court records show. A Daegu District Court ruling issued in May detailed the [...]