SEOUL, Apr. 26 (Korea Bizwire) – Housing expenses represent the biggest monthly financial burden for four out of 10 people in their 20s and 30s in South Korea, according to a recent survey, highlighting the challenges of expensive housing costs for young adults in the country. The poll of 1,547 people in their 20s and 30s, [...]
SEOUL, Apr. 25 (Korea Bizwire) – A national survey on reforming South Korea’s pension system found that a proposal to raise contributions in exchange for higher payouts was most popular among those in their 40s and 50s, while younger Koreans were more reluctant to increase their payments, highlighting a generational divide. The results from the citizen [...]
SEJONG, April 24 (Korea Bizwire) – South Korean livestock farms generated more than 50 million tons of manure last year, with most of it being repurposed as compost and liquid fertilizer, according to a government survey. The Ministry of Agriculture, Food and Rural Affairs announced on April 24 the results of its 2023 livestock environmental survey, [...]
SEOUL, Apr. 24 (Korea Bizwire) – A new analysis has found that workplaces offering amenities beyond just high salaries, such as flexible schedules and opportunities for growth, tend to employ more young, highly educated women, according to a report from the Bank of Korea released on April 23. The report, titled “Preferences for Job Amenities and [...]
SEOUL, Apr. 24 (Korea Bizwire) – More than 9 out of 10 users of KakaoPay, a popular mobile payment service in South Korea, believe that married couples should share at least a portion of their assets, according to a recent poll conducted by the company. KakaoPay revealed on April 23 the results of a survey conducted [...]
BUSAN, Apr. 24 (Korea Bizwire) – Eight out of ten South Koreans perceive their country as a maritime nation and believe that establishing long-term plans and expanding research and development (R&D) efforts are crucial steps toward becoming a maritime powerhouse, according to a survey conducted by the Korea Maritime Institute (KMI). Marking its 40th anniversary, the [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korea’s business sentiment index remained pessimistic for May due to uncertainties caused by fresh tensions in the Middle East and persistent inflationary pressure, a poll showed Wednesday. The business survey index (BSI) for the country’s top 600 companies by sales stood at 94.9 for next month, down 3.7 [...]
MOKPO, Apr. 23 (Korea Bizwire) – As South Korea commemorates the 479th anniversary of the birth of Admiral Yi Sun-sin on April 28, a groundbreaking study revealing the effective firing range of the iconic turtle ship’s cannons has drawn significant attention from scholars. This discovery may help unravel the combat secrets behind Admiral Yi’s famed naval [...]
SEOUL, Apr. 23 (Korea Bizwire) – A recent report from the market research firm TechInsight has revealed that South Korea leads the world in having the highest average selling prices for smartphones, surpassing 87 other countries surveyed. After initially overtaking Japan in 2021, South Korea has now held the top spot for two consecutive years in [...]
SEOUL, Apr. 22 (Korea Bizwire) – A new study suggests that network operators, including telecommunications companies, provide benefits worth an estimated 506 billion won annually to Netflix users in South Korea. The research paper titled “An Empirical Study on the Benefits Provided by Internet Service Providers (ISPs) to Over-the-Top (OTT) Service Users,” authored by Professor Byun [...]