SEJONG, Nov. 7 (Korea Bizwire) – The Seoul Main Customs Office announced on November 6 that it had caught 13 dentists who smuggled 11,349 pieces of unauthorized dental equipment (worth approximately 140 million won) into South Korea and used them on patients. The dentists are accused of making 1,184 separate purchases of dental equipment through AliExpress [...]
SEOUL, Nov. 6 (Korea Bizwire) – “Whether it’s carrying ammunition or cooking meals, I’ll help however I can if war breaks out,” said Kim Jong-su, 68, explaining why he volunteered for basic military training. “We need this fundamental training to be useful when that time comes.” At the Cheong-an Reserve Forces Training Ground of the Army’s [...]
SEOUL, Nov. 6 (Korea Bizwire) – The number of South Koreans opting to remain economically inactive without specific reasons has gone up by 245,000 this year amid tough job market conditions and economic uncertainties, the statistics agency said Wednesday. The total number of economically inactive individuals came to 16.21 million as of August, up 48,000 [...]
SEOUL, Nov. 6 (Korea Bizwire) – A Seoul Metropolitan Government initiative providing companion plants to socially isolated young adults has led to decreased depression levels and improved self-efficacy among participants, according to city officials on November 5. The program, which marks a crucial first step in encouraging social participation among isolated youth, has shown tangible benefits [...]
SEOUL, Nov. 6 (Korea Bizwire) – A new survey has revealed that seven out of 10 Korean companies believe extending the retirement age would create significant management challenges due to seniority-based wage systems, according to findings released on November 5 by the Korea Enterprises Federation (KEF). The survey, conducted by Research & Research on behalf of [...]
SEOUL, Nov. 6 (Korea Bizwire) – A new report has revealed that global technology companies like Google and Meta may be substantially underreporting their earnings in South Korea, resulting in significantly lower corporate tax payments than their actual market presence would suggest. According to a report released on November 5 by professors Jeon Seongmin of Gachon [...]
SEOUL, Nov. 5 (Korea Bizwire) – The average wedding gift money in South Korea has risen to 90,000 won, reflecting a 23% increase since 2021, according to recent data analysis by KakaoPay of its digital money transfer envelope service. The mobile payment provider’s analysis, released on November 4, shows a steady upward trend in wedding gift [...]
SEOUL, Nov. 5 (Korea Bizwire) – A recent survey has revealed that an overwhelming majority of South Korean small and medium-sized enterprises (SMEs) have yet to embrace artificial intelligence technology, highlighting a significant digital divide in the country’s business landscape. According to the results of a recent survey released on November 4 by the Korea Federation [...]
SEOUL, Nov. 4 (Korea Bizwire) – In response to the recent suicide of a sex worker driven to despair by illegal loan sharks, Seoul Metropolitan Government has announced comprehensive measures to combat predatory lending practices, particularly those targeting vulnerable populations. The city’s initiative, announced on November 3, comes after the tragic death of a single mother [...]
SEOUL, Nov. 4 (Korea Bizwire) — The number of drug trafficking attempts into South Korea rose 24 percent during the first nine months of 2024 from a year earlier, the customs agency said Monday. A total of 623 cases of drug trafficking attempts were detected in the January-September period, up from 501 cases from the [...]