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Half of South Korea’s Population Will Be Over 65 by 2072, Report Warns

Half of South Korea’s Population Will Be Over 65 by 2072, Report Warns

SEOUL, Sept. 24 (Korea Bizwire) – A new government report paints a stark picture of South Korea’s demographic future, projecting that the country’s rapid aging and declining birth rates will outpace global trends over the next five decades.  The Statistics Korea report, released on September 23, forecasts that by 2072, nearly half of South Korea’s population [...]

Gov’t, Ruling Party Agree to Ramp Up Support to Unemployed, Isolated Youth

Gov’t, Ruling Party Agree to Ramp Up Support to Unemployed, Isolated Youth

SEOUL, Sept. 24 (Korea Bizwire) — The government and the ruling People Power Party (PPP) agreed Tuesday to take measures to support the unemployed youth and to swiftly pass a bill aimed at assisting the “youth in crisis.” During their policy consultations, the two sides decided to support young people seeking employment by increasing work [...]

Tax Data Exposes Worsening Income Crisis for South Korea’s Self-Employed

Tax Data Exposes Worsening Income Crisis for South Korea’s Self-Employed

SEJONG, Sept. 23 (Korea Bizwire) – A stark revelation about the economic struggles of South Korea’s self-employed population has emerged from recent tax data, showing that nearly 75% of individual business owners reported monthly incomes below 1 million won in 2022.  The figures, released by the National Tax Service and analyzed by Representative Park Sung-hoon of [...]

8 in 10 South Korean Workers Say Subcontractors Face Unfair Treatment

8 in 10 South Korean Workers Say Subcontractors Face Unfair Treatment

SEOUL, Sept. 23 (Korea Bizwire) – A recent survey has revealed that more than 80% of South Korean workers believe subcontracted laborers do not receive fair treatment, highlighting deep-seated concerns about labor practices in Asia’s fourth-largest economy.  The civic group Gabjil 119, which combats workplace abuse, commissioned the poll conducted by Global Research. The survey, which [...]

South Koreans Divided on New Armed Forces Day Holiday

South Koreans Divided on New Armed Forces Day Holiday

SEOUL, Sept. 21 (Korea Bizwire) – A recent survey has revealed that one in five South Korean adults believes the government’s decision to designate October 1st, Armed Forces Day, as a temporary public holiday is inappropriate. Polling firm PMI announced on September 20 that it had surveyed 3,000 South Koreans aged 20-69 about their thoughts on [...]

Nearly Half of Government-Supported Overseas Workers Return to South Korea, Study Finds

Nearly Half of Government-Supported Overseas Workers Return to South Korea, Study Finds

SEOUL, Sept. 20 (Korea Bizwire) – A recent survey has revealed that almost half of South Koreans who secured jobs abroad through government support programs over the past five years have returned home.  The Human Resources Development Service of Korea (HRD Korea) conducted a follow-up survey in April and May, targeting 6,751 individuals who found employment [...]

Tensions Rise as Queer Festival and Opponents Clash in South Korean City

Tensions Rise as Queer Festival and Opponents Clash in South Korean City

DAEGU, Sept. 20 (Korea Bizwire) – With just a week to go before the Daegu Queer Culture Festival, tensions are escalating as both organizers and opponents have turned to the courts, filing injunctions that underscore the deeply divisive nature of LGBTQ+ rights in this conservative city.  On September 19, the festival’s organizing committee submitted an emergency [...]