SEOUL, Nov. 29 (Korea Bizwire) — One in three South Korean consumers has experienced issues while shopping online, a government survey showed Friday, underscoring the need for improved consumer protection from e-commerce operators. The survey, conducted on 2,000 local consumers, showed that 29.4 percent of the people shopping on local e-commerce platforms and 28.3 percent [...]
SEOUL, Nov. 28 (Korea Bizwire) – The mental health of elementary school staff in South Korea is under scrutiny as nearly 10,000 employees reported suffering from depression in 2023, according to data released by the National Health Insurance Service. This alarming trend follows a high-profile incident involving the suicide of a new teacher at an elementary [...]
SEJONG, Nov. 27 (Korea Bizwire) – South Koreans experience their largest per-capita financial deficit of 40.78 million won at age 17 and reach their maximum surplus of 17.53 million won at age 43, according to new government data. Labor income begins declining after peaking at 43, leading to a return to deficit spending at age 61. [...]
SEOUL, Nov. 26 (Korea Bizwire) – The number of Korean venture companies surpassing ₩100 billion in annual revenue exceeded 900 for the first time last year, signaling robust growth in the country’s innovation-driven economy, the Ministry of SMEs and Startups announced on Tuesday. The total reached 908 firms in 2023, a 4.5% increase from 869 in [...]
SEOUL, Nov. 25 (Korea Bizwire) – South Korea has solidified its position as the world’s third-largest filer of artificial intelligence (AI) security technology patents, trailing only the United States and China, according to a report released by the Korean Intellectual Property Office (KIPO) on Sunday. In 2021, South Korea filed 1,492 AI security technology patents, a [...]
SEOUL, Nov. 23 (Korea Bizwire) – Smoking and drinking among South Korean adolescents have dropped to one-third of their levels from two decades ago, according to a new report. However, concerning trends in mental health and dietary habits, including a sharp rise in skipped breakfasts, highlight the need for greater focus on youth well-being. The Korea [...]
SEOUL, Nov. 23 (Korea Bizwire) – As Seoul’s major department stores unveil their elaborate Christmas decorations, demand for nearby parking has surged, according to car-sharing platform Socar. Between November 1 and 20, parking ticket transactions near five major department stores within 500 meters surpassed the total for all of November last year, with viewership of parking [...]
SEOUL, Nov. 22 (Korea Bizwire) – A major conference addressing the rights and working conditions of emotional laborers, who make up 40% of South Korea’s workforce, was held at Seoul City Hall on November 20, drawing approximately 500 participants including industry workers, experts, and officials. The conference, organized by the Seoul 120 Dasan Call Foundation, revealed [...]
SEOUL, Nov. 21 (Korea Bizwire) – Seoul’s bustling Myeong-dong district has emerged as the ninth most expensive retail location globally, according to a new report by Cushman & Wakefield Korea. The real estate services firm analyzed retail rental prices in 138 major cities, revealing that Myeong-dong’s annual average rent per square meter reached ₩10.32 million, a [...]
SEOUL, Nov. 21 (Korea Bizwire) – A new survey has revealed a significant transformation in South Korean teachers’ workplace experiences and perceptions over the past 20 years, with student misconduct and parental complaints now ranking as their primary source of stress, replacing administrative overload as the top concern from two decades ago. The Korean Education Policy [...]