SEOUL, July 14 (Korea Bizwire) — A total of 72 sinkholes were reported across Seoul during the first half of 2025, underscoring growing concerns about the city’s aging underground infrastructure and prompting a major government response. According to data released Sunday by Seoul’s disaster and safety portal, Seoul Safer, sinkholes occurred at a rate of roughly [...]
SEOUL, July 12 (Korea Bizwire) — South Korea’s young population is facing a looming retirement crisis due to alarmingly low enrollment in the national pension system, according to a new report from the National Pension Research Institute, released Friday. The report, titled “Strategies to Expand National Pension Coverage for Young Adults,” highlights a combination of [...]
SEOUL, July 10 (Korea Bizwire) — The number of foreigners coming to South Korea to get a job fell for the first time in four years in 2024 as labor demand fell in the country amid an economic slowdown, data showed Thursday. In 2024, 164,000 foreign nationals came to Korea with a working visa, down [...]
SEOUL, July 10 (Korea Bizwire) — South Korea is weighing a significant pension reform that could bring platform workers — such as food delivery riders and chauffeur-for-hire drivers — under the same pension contribution scheme as regular employees, with their platforms potentially covering half of their premiums. A new report released Tuesday by the National [...]
SEOUL, July 10 (Korea Bizwire) — South Korea’s largest corporations continue to invest heavily in emerging technologies such as artificial intelligence and big data, but their spending on cybersecurity remains strikingly low — averaging just 0.1% of total revenue, according to new industry data. A study released Wednesday by corporate research firm CEO Score analyzed [...]
SEOUL, July 10 (Korea Bizwire) — A new analysis has revealed stark disparities in the lives of older South Koreans with disabilities, with nearly four in ten living alone and facing significantly higher levels of social isolation compared to their non-disabled peers. According to a report released Wednesday by the Korea Disabled People’s Development Institute [...]
SEOUL, July 9 (Korea Bizwire) — The number of South Korean children diagnosed with depression has more than doubled in the past five years, raising urgent concerns about youth mental health and the need for early intervention. According to data released Wednesday by the Elementary Teachers’ Union, the number of depression diagnoses among elementary school-aged [...]
SEOUL, July 9 (Korea Bizwire) – Mobile game sales generated from South Korean companies fell 13 percent from a year earlier in the first half of 2025, industry data showed Wednesday. Combined sales of local gaming companies from January to June totaled 3.3 trillion won (USD$2.4 billion), down from 3.8 trillion won a year earlier, [...]
SEOUL, July 9 (Korea Bizwire) – South Korea’s younger generations are increasingly forgoing car ownership, with new data showing that new vehicle registrations among people in their 20s and 30s have dropped to their lowest levels in a decade. In contrast, older consumers — particularly those in their 60s and 70s — are driving a [...]
SEOUL, July 8 (Korea Bizwire) — Temperatures in the western South Korean cities of Gwangmyeong and Paju soared above 40 C on Tuesday, marking the highest July temperatures ever recorded in the country, the state weather agency said. The Korea Meteorological Administration (KMA) said Paju reached 40.1 C at around 3:24 p.m. while Gwangmyeong hit [...]