SEOUL, Nov. 11 (Korea Bizwire) — More than one in four South Korean households expect their financial situation to improve next year, even as a growing share of the population reports feeling lonely, according to a government survey released Tuesday. The biennial survey, conducted by the Ministry of Data and Statistics, found that 27 percent of [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korea’s five largest business groups now make up more than half of the country’s total stock market capitalization, reflecting the scale of their influence amid a sharp rally in equities this year. The combined market value of listed affiliates under Samsung, SK, Hyundai Motor, LG and HD Hyundai accounted [...]
SEOUL, Nov. 10 (Korea Bizwire) – South Korean companies’ operating profitability relative to their assets has nearly halved over the past two decades, a report showed Monday. According to the report by the Korea Chamber of Commerce and Industry (KCCI), the operating return on assets (OROA) of the country’s top 1,000 companies by sales fell [...]
SEOUL, Nov. 6 (Korea Bizwire) — The number of marriages between South Koreans and foreign nationals rose for a third consecutive year in 2024, continuing a steady recovery from the pandemic-era slump, government data showed Thursday. According to the Ministry of Data and Statistics, a total of 21,450 international marriages were registered last year, up about [...]
SEOUL, Nov. 6 (Korea Bizwire) — Nearly 70 percent of baby boomers living in the Seoul metropolitan area said they would be willing to relocate to regional areas if jobs at small and medium-sized enterprises were available, according to a survey released Wednesday by the Korea Economic Association (FKI). The survey, conducted in September by Mono [...]
SEOUL, Nov. 5 (Korea Bizwire) – The number of South Koreans that remain economically inactive rose from a year earlier in 2025, amid a steady increase in the number of people who say they have no particular reason for not working, government data showed Wednesday. A total of 16.22 million individuals had remained economically inactive [...]
SEJONG, Nov. 3 (Korea Bizwire) – Online shopping sales in South Korea increased 13.3 percent from a year earlier to a record high for any September, driven by strong sales of Tesla vehicles and rising demand for food services, data showed Monday. The value of online shopping transactions stood at 23.79 trillion won (US$16.61 billion) [...]
SEOUL, Oct. 28 (Korea Bizwire) – The number of people employed in caregiving and nursing assistant services reached a record high in the first half of this year in line with the country’s aging society, government data showed Tuesday. As of April, 1.69 million people were employed in non-residential nursing assistant and caregiving services, up [...]
SEOUL, Oct. 27 (Korea Bizwire) — The number of young adults who grew up in state care seeking treatment for mental health problems has climbed sharply over the past five years, underscoring persistent challenges facing those transitioning to independent life, new government data shows. These young people, known in South Korea as “self-reliance preparation youths,” are [...]
SEOUL, Oct. 26 (Korea Bizwire) – A clear majority of South Koreans continue to view unification with North Korea as a national goal, even as doubts persist about the prospects for renewed diplomacy with Pyongyang, according to a government-commissioned survey released Sunday. Nearly 69 percent of respondents said unification remains either “very necessary” or “quite necessary,” [...]