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Archive by category Editor Picks

South Korean Shipbuilders Launch Joint Task Force to Navigate $150 Billion U.S. Maritime Fund

MASGA initiative aims to deepen Korea-U.S. shipbuilding cooperation under Lee-Trump trade framework SEOUL, August 3 (Korea Bizwire) — South Korea’s leading shipbuilders have formed a joint task force to coordinate participation in the newly announced Korea-U.S. shipbuilding partnership, known as the MASGA (Maritime and Shipbuilding Growth Arrangement) initiative—a $150 billion sector-specific fund unveiled as part [...]

Foster Parents in South Korea Struggle Under Economic Strain, Call for Policy Overhaul

SEOUL, August 2 (Korea Bizwire) — As South Korea’s foster care rate lags behind international standards, foster parents are sounding the alarm over growing financial burdens and administrative hurdles that discourage families from taking in vulnerable children. According to the Ministry of Health and Welfare, only 44.7% of children in protective care were placed in [...]

As Tariff Deal Reached, Alliance Challenges Loom in S. Korea–U.S. Relations

SEOUL, July 31 (Korea Bizwire) — With the tariff deal concluded, South Korea may face the task of resetting key alliance issues with the United States, as the Donald Trump administration is pressing its allies to take on a greater share of defense and security responsibilities. The tariff agreement reached Thursday commits South Korea to [...]

Too Few Doctors, Too Many Visits: OECD Report Flags Korea’s Medical Imbalance

SEOUL, July 30 (Korea Bizwire) — South Korea has one of the lowest numbers of practicing physicians among developed nations, but its citizens visit the doctor more often than anywhere else in the OECD, highlighting a paradox of limited manpower and high demand in the nation’s healthcare system. According to the OECD Health Statistics 2025 [...]

Workplace Bullying of Migrant Workers Exposes Flaws in Korea’s Employment Rules

GWANGJU, July 28 (Korea Bizwire) — A recent case of workplace bullying in Naju, South Korea, has once again exposed the harsh realities faced by migrant workers—many of whom suffer in silence under a labor system critics say traps them in abusive conditions. According to the Gwangju-Jeonnam Migrant Human Rights Network and the Jeonnam Labor [...]

South Korea Eyes Regulation of YouTube’s Algorithm Amid Rising Concerns Over Political Polarization

SEOUL, July 26 (Korea Bizwire) — As YouTube continues to dominate the global internet landscape—with over 20 trillion videos uploaded and 20 million more added daily—its influence in South Korea has become particularly pronounced. More than half of South Koreans (51%) now consume news via YouTube, significantly outpacing the global average of 31%, according to the [...]

Proposed Retirement Age Extension Fuels Generational Divide Over Youth Hiring Prospects

SEOUL, July 24 (Korea Bizwire) — As South Korea debates a proposal to raise the statutory retirement age from 60 to 65, a new survey reveals a stark generational divide over how such a change could impact youth employment. According to findings released Wednesday by the Korea Employers Federation (KEF), 61.2% of unemployed young job [...]

South Korea Passes First Legal Framework to Support Community Enterprises

SEOUL, July 24 (Korea Bizwire) — South Korea’s National Assembly on Wednesday passed the country’s first dedicated law to support and promote community enterprises, small-scale businesses operated by local residents to tackle regional challenges such as population decline and job shortages. The new legislation—the Community Enterprise Promotion and Support Act—was spearheaded by the Ministry of [...]

Fierce Competition to Join South Korean Air Force Spurs ‘Score Wars’ Among Aspiring Conscripts

SEOUL, July 21 (Korea Bizwire) — A growing number of South Korean university students are treating enlistment in the Air Force like a college entrance exam, as soaring competition has triggered a rush for certifications, volunteer hours, and even blood donations in a bid to earn higher scores in the military’s recruitment system. With monthly [...]

Push Grows for Delivery App Commission Cap Under Online Platform Law

SEOUL, July 21 (Korea Bizwire) — As small restaurant owners continue to struggle with rising operational costs and a sluggish economy, South Korea’s National Assembly is considering introducing a cap on delivery app fees — a move that could significantly reshape the country’s booming food delivery sector. At the center of the debate is the [...]