SEOUL, Oct. 30 (Korea Bizwire) – A new survey has revealed that 60.5% of South Korean college students and recent graduates are “passive job seekers,” highlighting growing concerns about the country’s employment market for young people. The Federation of Korean Industries (FKI) surveyed 2,938 students and graduates from four-year universities nationwide for their “2024 University Student [...]
SEOUL, Oct. 30 (Korea Bizwire) – A government investigation has revealed dramatic price hikes at hotels and lodging facilities during South Korea’s peak summer season, particularly around major music festivals and local cultural events. The Korea Consumer Agency disclosed its findings on October 29 after examining prices at 347 accommodations listed on booking platforms. The investigation [...]
SEJONG, Oct. 29 (Korea Bizwire) – South Korea’s exports, long considered the backbone of its economy, are showing signs of weakness, amplifying concerns about the country’s economic outlook. The possibility of a Donald Trump victory in the U.S. presidential election, with his promises of aggressive tariff policies, is raising additional concerns about the recovery of exports [...]
SEOUL, Oct. 28 (Korea Bizwire) – Part-time employment among young workers has doubled over the past decade, leading to an unprecedented rise in non-regular employment among South Korea’s youngest workforce. According to data released by Statistics Korea on October 27, as of August, there were approximately 1.46 million workers in their 20s heolding non-regular positions, representing [...]
SEOUL, Oct. 28 (Korea Bizwire) –The national human rights watchdog determined Monday that denying rental spaces for a festival for sexual minorities on the grounds of potential conflicts with opposition groups constitutes a discriminatory act. The National Human Rights Commission (NHRC) issued the decision against the Seoul Museum of History and the Seoul city [...]
SEOUL, Oct. 28 (Korea Bizwire) – In an unprecedented sign of climate disruption, South Korean authorities issued 681 extreme heat warnings across the country during and immediately after the autumn Chuseok holiday on September 18-19. The heat was so unusual for autumn that some joked the harvest festival should be renamed from “Chuseok” (Autumn Evening) to [...]
SEOUL, Oct. 28 (Korea Bizwire) – In South Korea, high school senior Nam, 18, is doing everything possible to avoid listening to “APT.,” the new collaboration between BLACKPINK’s Rosé and Bruno Mars. Despite the song’s global success, with its infectious melody and repetitive lyrics captivating listeners worldwide, Nam sees it as something best kept at arm’s [...]
SEOUL, Oct. 28 (Korea Bizwire) – In a growing trend that reflects South Korea’s rising food costs, office workers are increasingly turning to convenience store meals delivered through quick commerce services for their lunch breaks. “With restaurant prices skyrocketing, it’s becoming burdensome to eat out every day,” said an individual identified only as Yu, an officer [...]
SEOUL, Oct. 28 (Korea Bizwire) — The number of applicants for this year’s College Scholastic Ability Test (CSAT) will slightly increase from last year to over 110,000 in Seoul, the Seoul Metropolitan Office of Education said Monday. A total of 110,734 high school seniors and graduates in the capital are scheduled to take the CSAT [...]
SEOUL, Oct. 28 (Korea Bizwire) – South Korea’s income inequality among self-employed business owners has reached striking levels, with the top 10% of business income earners making seven times the average income, according to new tax data. National Assembly data released on October 27 reveals that the top 10% of business income earners, approximately 847,354 individuals, [...]