SEOUL, June 29 (Korea Bizwire) — Hyundai Motor and Kia have climbed to a record-high 11% market share in the U.S. auto market for the first five months of this year, bolstered by proactive inventory strategies and surging hybrid sales. But industry analysts warn that growing cost pressures and looming tariff hikes could cloud prospects [...]
SEOUL, June 29 (Korea Bizwire) — In a quiet apartment in Seoul, a small Maltese curls up on a cushion by the window, waiting. It’s a familiar scene repeated across millions of South Korean households, where pets have become cherished companions—but often spend much of the day alone. A new report released by KB Financial [...]
SEOUL, June 28 (Korea Bizwire) — South Korea’s information and communications technology (ICT) sector is increasingly embracing the four-day workweek, as President Lee Jae-myung’s campaign pledge to reduce working hours without cutting wages begins to materialize in practice. Tech companies with high salaries and flexible work cultures are leading the shift, signaling a potential turning [...]
SEJONG, June 27 (Korea Bizwire) — A widening housing disparity is emerging among South Korea’s younger generations, driven in part by soaring real estate prices in the Seoul metropolitan area, according to a new government study. In its summer issue of Statistics Plus, the National Statistical Office’s research institute published a report analyzing generational shifts [...]
SEOUL, June 27 (Korea Bizwire) — South Korea’s semiconductor, display, shipbuilding, and biotech industries are expected to lead the country’s economic performance in the second half of 2025, while other key sectors face continued headwinds, according to a new outlook released Thursday by the Korea Chamber of Commerce and Industry (KCCI). The KCCI’s semiannual “Industrial [...]
SEOUL,June 27 (Korea Bizwire) – Nearly half of franchise sales in Seoul come from food delivery platforms, with businesses paying as much as 24% in commission fees, a new city-led survey revealed, underscoring rising dependence on digital intermediaries and growing concerns over cost burdens for small business owners. According to the Seoul Metropolitan Government’s first-ever [...]
SEOUL, June 27 (Korea Bizwire) — South Korean venture companies are showing signs of renewed optimism, with overall business sentiment rebounding for the first time in a year, according to data released Thursday by the Korea Venture Business Association. The Venture Business Survey Index (BSI) for the second quarter rose to 89.8, marking an 11.2-point [...]
SEOUL, June 27 (Korea Bizwire) — South Korean soldiers prefer empathetic superiors, while military officers favor leaders with strong organizational skills, according to a new personality-based survey released by Kookbang Ilbo (The Defense Daily) on Thursday. The survey, conducted between May 28 and June 13 via the military’s internal intranet system, gathered responses from 3,445 [...]
SEOUL, June 27 (Korea Bizwire) — The average South Korean worker earned 3.97 million won ($2,870) in April this year, working 165.5 hours for the month, according to new data released by the Ministry of Employment and Labor on Thursday. While wages rose modestly, the outlook for core industries like manufacturing and construction continues to darken [...]
SEOUL, June 26 (Korea Bizwire) — A new study has found that survival rates following acute myocardial infarction, commonly known as a heart attack, vary significantly in South Korea depending on employment status and income level, revealing stark disparities in health outcomes tied to socioeconomic status. Researchers from Yonsei University’s Severance Hospital and Chung-Ang University [...]