SEOUL, Oct. 17 (Korea Bizwire) – A recent survey has revealed the emergence of a “new elderly” demographic in South Korea, characterized by higher income, better education, and shifting values regarding inheritance and self-perception of age. This trend, partly attributed to the baby boomer generation (born 1955-1963) entering their senior years, is reshaping traditional notions of [...]
SEOUL, Oct. 16 (Korea Bizwire) – As Samsung Electronics grapples with an earnings shock in its third-quarter results, the company’s Mobile eXperience (MX) and Networks (NW) divisions have managed to remain profitable, earning praise for their resilience. However, the tech giant now faces a critical decision that could significantly impact its future smartphone offerings and bottom [...]
SEOUL, Oct. 15 (Korea Bizwire) – Revenue from shared accommodation in South Korea has increased more than tenfold over the past three years, with nearly half of the total income generated by individuals in their 20s and 30s, according to a recent analysis of National Tax Service data. Representative Cha Gyu-geun of the Rebuilding Korea Party [...]
SEOUL, Oct. 15 (Korea Bizwire) – As the race to dominate the future of the automotive industry intensifies, with a focus on electrification and software-defined vehicles (SDVs), a wave of strategic partnerships is reshaping the global automobile market. Industry analysts suggest these alliances are largely driven by a shared concern: the need to respond to China’s [...]
SEOUL, Oct. 15 (Korea Bizwire) – Amidst growing concerns over South Korea’s critically low birth rate, a recent survey reveals a significant increase in marriage and childbirth intentions among people in their 20s and 30s, offering a glimmer of hope for the country’s demographic challenges. The Presidential Committee on Ageing Society and Population Policy released the [...]
SEOUL, Oct. 15 (Korea Bizwire) – As climate change continues to intensify, a new study warns that emergency medical services worldwide are woefully unprepared for its impacts. Despite the looming crisis, few countries have assessed the scale of the threat or developed plans to address it. International emergency medicine experts are sounding the alarm, calling for [...]
SEOUL, Oct. 12 (Korea Bizwire) – The Swedish Academy’s announcement on October 10 naming South Korean author Han Kang as the recipient of the Nobel Prize in Literature has reignited discussions about artistic freedom and political interference in South Korea. The Academy specifically cited Han’s ability to “confront historical trauma” in their decision, notably referencing her [...]
SEOUL, Oct. 11 (Korea Bizwire) – As restaurant owners’ frustrations grow over high commission fees charged by food delivery apps, several major chicken franchise chains in South Korea are ramping up incentives for customers to use their proprietary ordering platforms. According to industry sources on October 10, the country’s top three chicken franchises — BBQ, bhc [...]
SEOUL, Oct. 11 (Korea Bizwire) – In a cramped 33-square-meter apartment in Seoul, 14 cats huddle among stacked metal kennels and cardboard boxes. This makeshift animal shelter, one of many across South Korea, exemplifies the growing crisis of pet abandonment in a country where pet ownership has soared to over 10 million households. Despite the rise [...]
SEOUL, Oct. 11 (Korea Bizwire) — Han Kang’s historic win of the Nobel Prize in literature marks a major breakthrough for Korean literature, which has been gaining international recognition in recent years. Even before the Nobel triumph, numerous Korean authors had garnered acclaim on the world stage through prestigious international literary awards. Korean writers have [...]