SEOUL, Nov. 3 (Korea Bizwire) – A new report has revealed that only 4 out of 10 newly employed wage workers in South Korea remain at their initial workplace after one year, highlighting ongoing concerns about job stability among new entrants to the workforce. According to an analysis published November 3 by the Korea Employment Information [...]
RIYADH, Nov. 1 (Korea Bizwire) – South Korea ranked lowest in life satisfaction according to a new international survey released on October 30, highlighting growing concerns about quality of life in one of Asia’s most developed economies. The survey, conducted by Saudi Arabia’s Future Investment Initiative (FII), polled 50,700 adults across 24 countries between July 15 [...]
SEOUL, Nov. 1 (Korea Bizwire) – Statistics Korea released expanded results from its national census on October 30, revealing significant shifts in the country’s marriage and demographic patterns. According to the census, among 42.94 million South Korean citizens aged 18 and over, 12.68 million (29.5%) have never been married, while 24.32 million (56.6%) are married with [...]
SEOUL, Oct. 30 (Korea Bizwire) – Household loan growth continued in October, rising slightly higher than the previous month, the country’s chief regulator said Wednesday, but added that it is unclear whether tightened curbs on loans for home rent would be implemented this year. Kim Byoung-hwan, head of the Financial Services Commission (FSC), told reporters [...]
SEOUL, Oct. 28 (Korea Bizwire) – Part-time employment among young workers has doubled over the past decade, leading to an unprecedented rise in non-regular employment among South Korea’s youngest workforce. According to data released by Statistics Korea on October 27, as of August, there were approximately 1.46 million workers in their 20s heolding non-regular positions, representing [...]
SEOUL, Oct. 25 (Korea Bizwire) – Data released by South Korea’s National Tax Service has revealed significant income disparities among the country’s workforce, with the average annual salary standing at 41.23 million won while top earners command substantially higher wages, particularly in the capital region. According to figures obtained by Representative Ahn Do-geol of the Democratic [...]
SEOUL, Oct. 23 (Korea Bizwire) – A recent survey has revealed that 60% of South Korean adults support stabilizing the national pension system to ensure future generations can receive benefits at least equal to their contributions. The poll also showed that young people, particularly those in their 20s and 30s, harbor deep skepticism about the sustainability [...]
SEOUL, Oct. 22 (Korea Bizwire) – A recent survey has shed light on the persistent challenge of maintaining work-life balance in South Korea’s demanding corporate culture, with two out of three office workers reporting they receive work-related communications even after leaving the office. The survey, conducted by Global Research on behalf of the workplace rights organization [...]
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. 17 (Korea Bizwire) – Volvo Cars Korea announced on October 16 that it has secured the top position in the product satisfaction (TGR) category of the “2024 Automobile Planning Survey” conducted by Consumer Insight, a leading consumer research firm in South Korea. This achievement marks Volvo’s dominance over both domestic and imported car brands [...]