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South Korea Weighs Legal Reforms to Support Non-Marital Births Amid Ongoing Fertility Crisis

South Korea Weighs Legal Reforms to Support Non-Marital Births Amid Ongoing Fertility Crisis

SEOUL, May 8 (Korea Bizwire) — South Korea’s Ministry of Health and Welfare announced plans on Thursdsay to introduce policies supporting childbirth outside of marriage, signaling a potential shift in a country where traditional family structures have long dominated social norms. First Vice Health Minister Lee Ki-il stated during a radio interview on Parents’ Day that [...]

Samsung Bets on Premium Sound With $350M Acquisition of Masimo’s Audio Business

Samsung Bets on Premium Sound With $350M Acquisition of Masimo’s Audio Business

SEOUL, May 7 (Korea Bizwire) — Samsung Electronics Co. said Wednesday that its automotive and audio subsidiary Harman International has signed a deal to acquire U.S.-based Masimo’s audio business for 500 billion won (US$350 million). Under the agreement, Masimo’s high-end audio brands, including Bowers & Wilkins, Denon, Marantz, Polk Audio and Definitive Technology, will join [...]

South Korean Parents of Young Children Spend Far Less on Themselves, Report Finds

South Korean Parents of Young Children Spend Far Less on Themselves, Report Finds

SEOUL, May 7 (Korea Bizwire) —  South Korean households raising infants and toddlers spend significantly less on adult leisure and cultural activities than their childless peers, highlighting the personal sacrifices many parents make in the early years of childrearing. According to a new report released Tuesday by the Korea Institute of Child Care and Education, the [...]

Work Over Family: Young Koreans Prioritize Jobs Amid Shifting Gender Roles and Family Norms

Work Over Family: Young Koreans Prioritize Jobs Amid Shifting Gender Roles and Family Norms

SEOUL, May 6 (Korea Bizwire) — South Koreans in their 20s to 40s increasingly prioritize work over traditional milestones such as marriage, parenthood, and even personal fulfillment, underscoring a profound generational shift in values as the country confronts economic pressure and demographic headwinds. A report released by the National Integration Committee, based on a survey of [...]

Retail Giants Bet Big on Health Supplements Amid Post-Pandemic Wellness Boom

Retail Giants Bet Big on Health Supplements Amid Post-Pandemic Wellness Boom

SEOUL, May 6 (Korea Bizwire) — South Korea’s retail sector is undergoing a transformation, with department stores, convenience chains, e-commerce platforms, and home shopping networks all doubling down on health supplements as a key growth driver in the post-pandemic era. Spurred by the rise of the “Healthy Pleasure” lifestyle — where consumers actively enjoy health management [...]

Activists Face Legal Scrutiny After Cathedral Rooftop Protest as South Korea Reexamines the Legacy of High-Rise Demonstrations

Activists Face Legal Scrutiny After Cathedral Rooftop Protest as South Korea Reexamines the Legacy of High-Rise Demonstrations

SEOUL, May 5 (Korea Bizwire) —  Two disability rights activists affiliated with the Solidarity Against Disability Discrimination (SADD) underwent a pretrial detention hearing on Monday after staging a 15-day rooftop protest atop a Catholic cathedral in Seoul’s Hyehwa-dong neighborhood. They were arrested earlier this month on charges of violating assembly laws after descending voluntarily from the [...]

One Month After Short-Selling Ban Lifted, Foreign Investors Remain Absent From Korean Markets

One Month After Short-Selling Ban Lifted, Foreign Investors Remain Absent From Korean Markets

SEOUL, May 5 (Korea Bizwire) —  A month after South Korea fully reinstated short selling across all listed stocks, expectations that foreign investors would return to the domestic market have yet to materialize, despite signs of market resilience and easing volatility. According to data from the Korea Exchange, total short-selling turnover on the KOSPI and KOSDAQ [...]

U.S. Naval Demand and LNG Boom Present Opportunity—and Challenge—for Korean Shipbuilding

U.S. Naval Demand and LNG Boom Present Opportunity—and Challenge—for Korean Shipbuilding

SEOUL, May 4 (Korea Bizwire) —  As the second Trump administration signals renewed interest in U.S.-Korea collaboration in shipbuilding, South Korea is eyeing an opportunity to revitalize its maritime industry. However, analysts warn that meaningful gains will require overcoming major domestic obstacles, including limited U.S. infrastructure and an acute labor shortage at home. According to a [...]

Diabetes Doubles Among Young Adults, Fueling Urgent Health Warnings

Diabetes Doubles Among Young Adults, Fueling Urgent Health Warnings

SEOUL, May 2 (Korea Bizwire) —Type 2 diabetes is rapidly spreading among South Korea’s young adults, with prevalence rates nearly doubling over the past decade, according to a new study published in the Diabetes & Metabolism Journal, the official publication of the Korean Diabetes Association. The research, which analyzed data from 2010 to 2020, found [...]

South Korea Struggles to Retain Foreign STEM Talent Amid Language and Cultural Barriers

South Korea Struggles to Retain Foreign STEM Talent Amid Language and Cultural Barriers

SEOUL, April 28(Korea Bizwire) —  Despite aggressive efforts to attract outstanding foreign talent to bolster its science and engineering sectors, South Korea is facing challenges in persuading international students to settle in the country after graduation, a new government report shows. On April 27, the National Research Foundation of Korea released findings from its study on [...]