SEOUL, Jul. 5 (Korea Bizwire) – A recent report from the Organization for Economic Cooperation and Development (OECD) has disclosed that counterfeit products violating the intellectual property rights of South Korean firms total $9.7 billion each year, a staggering 1.5% of the nation’s overall exports. The study, commissioned by the Korean Intellectual Property Office (KIPO) and [...]
SEOUL, Jul. 5 (Korea Bizwire) – A new report has revealed that South Korean teenagers are less satisfied with their lives compared to their peers in other developed nations, highlighting concerns about youth well-being in a country known for its high-pressure education system. According to the “2024 Key Statistics in Child-Related Fields” study released by the [...]
SEOUL, Jul. 4 (Korea Bizwire) – A recent survey by the Korea Consumer Agency has found that while South Korean consumers highly appreciate the store environment and payment convenience of their local convenience stores, they are less satisfied with customer communication and promotional events. The agency released its findings on July 3, detailing consumer satisfaction and [...]
BUSAN, Jul. 4 (Korea Bizwire) – For the second consecutive year, Busan has secured the sixth position among Asian cities in the “Global Liveability Index 2024″ report, published by the Economist Intelligence Unit (EIU), a British economic analysis firm. According to Busan city officials on July 3, the EIU annually evaluates and ranks major global cities [...]
SEOUL, Jul. 1 (Korea Bizwire) — Over 60 percent of large companies in South Korea predict the country’s exports to see on-year growth during the second half of the year, according to a poll released Monday. According to the survey conducted recently by polling agency Mono Research on the top 1,000 domestic companies in terms [...]
SEOUL, Jul. 1 (Korea Bizwire) – The number of registered drones in South Korea has increased ninefold over the past five years, reflecting their growing popularity for various applications including package delivery, search operations, and video filming. According to data released on June 30 by the Korea Transportation Safety Authority, there were 59,871 registered drones in [...]
SEOUL, Jun. 28 (Korea Bizwire) – A recent survey has revealed that a significant portion of South Koreans are opting out of summer vacations, with job hunting and exam preparation cited as the primary reasons. The study, conducted by EduWill, a comprehensive education company, surveyed 197 adults aged 20 to 40 over a seven-day period ending [...]
SEJONG, Jun. 28 (Korea Bizwire) – A recent analysis by Statistics Korea’s Statistics Research Institute reveals that approximately four out of five young adults in South Korea are unmarried, with the rate of singlehood among those in their early to mid-30s tripling over the past two decades. The report, titled “How Has the Face of South [...]
SEOUL, Jun. 26 (Korea Bizwire) – A new study predicts that South Korea’s declining birth rate and shrinking population could lead to a significant labor shortage in key sectors by 2042, with over 600,000 fewer workers in restaurants and retail compared to 2022 levels. The forecast was presented by professor Lee Chulhee of Seoul National University [...]
SEOUL, Jun. 26 (Korea Bizwire) – A recent survey has revealed that 4 out of 10 South Koreans cite cost as the primary reason for hesitating to get dental implants, with most respondents considering 500,000 to 600,000 won per implant as a reasonable price. The Korean Association of Medical Journalists (KAMJ) conducted the survey from May [...]