SEOUL, June 9 (Korea Bizwire) — South Korean chip giant SK hynix Inc. ranked first in operating profit among 1,000 major listed firms here in 2024, surpassing its longtime rival Samsung Electronics Co. for the first time, a corporate tracker said Monday. According to CXO Institute, which surveyed the earnings results of the top 1,000 [...]
SEOUL, June 9 (Korea Bizwire) — Just days into his presidency, Lee Jae-myung is facing a cautiously optimistic public. According to a new Realmeter survey released Monday, nearly 6 in 10 South Koreans believe the newly inaugurated leader will perform well in managing state affairs. Yet the number reflects a more tempered confidence compared to [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s rapidly aging population is reshaping the country’s most common reasons for hospitalization, overtaking once-dominant childbirth-related admissions, according to newly released health data. The Health Insurance Review and Assessment Service (HIRA) announced on June 8 that the most common cause of hospitalization covered by the national health insurance system [...]
SEOUL, June 9 (Korea Bizwire) — A majority of South Korean exporters recognize the need to employ artificial intelligence (AI) in their businesses to boost efficiency, but only a small fraction are actively utilizing the technology, a survey showed Monday. According to the survey conducted from Feb. 17-19 by the Korea International Trade Association (KITA), [...]
SEOUL, June 9 (Korea Bizwire) — While the overall incidence of sexual harassment in South Korean workplaces has declined slightly, a new government report reveals a troubling surge in online abuse—a shift attributed to the rise in remote and hybrid work settings. According to a triennial survey released Monday by the Ministry of Gender Equality [...]
SEOUL, June 9 (Korea Bizwire) — As South Korea concludes its 21st presidential election, the country is now contending with the environmental aftermath: a staggering amount of waste generated by campaign materials, including brochures, posters, and banners. According to the National Election Commission (NEC) on June 8, over 580 million sheets of election brochures were distributed [...]
SEOUL, June 8 (Korea Bizwire) — Air travel between South Korea and Japan reached an all-time high in the first five months of 2025, surpassing 11 million passengers despite a strengthening Japanese yen, the Ministry of Land, Infrastructure and Transport announced Sunday. A total of 11.25 million travelers flew between the two countries from January to [...]
SEOUL, June 8 (Korea Bizwire) — For the first time in years, Seoul has recorded a sustained increase in both births and marriages, signaling a potential turning point in the city’s demographic challenges. According to data released on June 8 by Statistics Korea and the Seoul Metropolitan Government, the number of births in March 2025 reached [...]
SEOUL, June 7 (Korea Bizwire) — Despite public perception that entertainers live comfortably above the economic fray, a new government survey suggests that income inequality and career instability are pervasive among South Korea’s cultural workers — particularly those in broadcasting, popular music, and comics. According to the Ministry of Culture, Sports and Tourism’s 2024 Artist Survey, [...]
SEOUL, June 7 (Korea Bizwire) — South Korea’s entertainment stocks are rallying on renewed hopes of a diplomatic thaw with China, as investors bet on policy tailwinds under President Lee Jae-myung’s new administration. According to data released by the Korea Exchange, shares of the nation’s four major entertainment companies have surged an average of 56.7% [...]