SEOUL, Nov. 27 (Korea Bizwire) — The Korea Higher Education Foundation, a nonprofit established by the late Chairman Jeonghyun Chey of SK Group, celebrated its 50th anniversary on November 26. Founded with a personal donation of 55.4 million Korean won, the foundation has supported over 5,100 scholars over the past five decades. Choi’s vision for [...]
SEJONG, Nov. 27 (Korea Bizwire) — The number of babies born in South Korea increased by the largest margin in almost 14 years in September, data showed Wednesday, as the country is struggling to address the grim demographic changes of ultra-low birth rate and rapid aging. A total of 20,590 babies were born in September, [...]
SEJONG, Nov. 27 (Korea Bizwire) – South Koreans experience their largest per-capita financial deficit of 40.78 million won at age 17 and reach their maximum surplus of 17.53 million won at age 43, according to new government data. Labor income begins declining after peaking at 43, leading to a return to deficit spending at age 61. [...]
SEOUL, Nov. 26 (Korea Bizwire) – “All cosmetic samples for just 10,000 won.” Such listings have become increasingly common on Danggeun Market, South Korea’s popular secondhand trading platform, reflecting a growing divide in the nation’s beauty market amid persistent inflation. While some consumers hunt for bargain cosmetics and sample-size products, others flock to luxury brands like [...]
SEOUL, Nov. 26 (Korea Bizwire) – South Korea will introduce mobile resident registration cards next month, marking a significant step toward digitizing the nation’s identification system, the Ministry of the Interior and Safety announced Tuesday. The new system, enabled by a revised Resident Registration Act set to take effect on December 27, allows citizens aged [...]
SEOUL, Nov. 26 (Korea Bizwire) – South Korea has seen a dramatic rise in cases of overseas leaks involving its critical technologies, with 10 such incidents uncovered this year—five times more than in 2023, according to the National Investigation Headquarters (NIH) of the Korean National Police Agency (KNPA) on Monday. Between January and October, the NIH detected [...]
SEOUL, Nov. 26 (Korea Bizwire) — Min Hee-jin, the former CEO of K-pop label ADOR, has filed a criminal complaint against its parent company’s public relations executives, alleging misconduct related to their duties in promoting the label’s girl group NewJeans, Min’s representatives said Tuesday. Min filed the complaint with Seoul’s Yongsan Police Station on Monday, [...]
SEOUL, Nov. 26 (Korea Bizwire) — Eighteen people were injured after a fire broke out at a motel in Hwaseong, 44 kilometers south of Seoul, on Monday night, a local fire station said Tuesday. The four-story, 30-room motel in Hwaseong’s Bongdam district was engulfed in flames shortly after 10 p.m. Monday before being extinguished by [...]
SEOUL, Nov. 25 (Korea Bizwire) — Dongduk Women’s University has decided to halt discussions on transitioning to a coeducational institution following weeks of student protests, temporarily ending a sit-in occupation. However, the controversy has reignited broader societal debates about gender conflicts in South Korea. Anonymous online forums such as “Blind,” popular among professionals, have seen [...]
SEOUL, Nov. 25 (Korea Bizwire) — South Korea has designated May 27 as Aerospace Day to commemorate the launch of the Korea AeroSpace Administration (KASA) and proclaim the country’s commitment to becoming a global space power, the national space agency said Monday. The day will be commemorated as a national memorial day starting next year, [...]