SEOUL, May 27 (Korea Bizwire) — South Korea has the highest employment rate among people aged 65 and older across the OECD, but the quality of jobs available to the elderly remains alarmingly low, driven by insufficient pension income and limited opportunities to leverage their lifelong careers. According to a recent report released by the National [...]
SEOUL, May 26 (Korea Bizwire) — For the first time since statistics began in 2018, South Korea’s once-booming coffee shop sector has shrunk, alongside a broader pullback across key self-employment industries. The decline underscores mounting pressure on small business owners from domestic economic stagnation, market saturation, and rising operating costs. According to data released Sunday by [...]
SEOUL, May 26 (Korea Bizwire) — The overall happiness of children in South Korea has improved steadily over the past decade, but significant disparities remain based on household income and family structure, according to a government-backed study released on Sunday. The Korea Institute for Health and Social Affairs (KIHASA) published findings showing that the average [...]
SEOUL, May 26 (Korea Bizwire) — A new study from the Korea Education and Research Information Service (KERIS) reveals that elementary and middle school students in South Korea show varying levels of interest in AI-assisted learning based on region, class size, and school level — findings that could shape the future rollout of AI-enhanced digital textbooks. [...]
SEOUL, May 26 (Korea Bizwwire) — A set of prehistoric petroglyphs located in southeastern South Korea is likely to be listed as a UNESCO World Heritage site, people familiar with the matter said Monday. The International Council on Monuments and Sites (ICOMOS), an advisory body to UNESCO, has recommended the inclusion of the Petroglyphs along [...]
SEOUL, May 26 (Korea Bizwire) — South Korea is the only major OECD economy where the proportion of youth not in education, employment, or training (NEET) has increased over the past decade, according to a new government-backed study. The country’s NEET rate remains significantly above the OECD average, raising fresh concerns about barriers to labor market [...]
SEOUL, May 23 (Korea Bizwire) — South Koreans’ overseas card spending fell by the largest margin in three years in the first quarter from three months earlier due mainly to a decline in overseas direct purchases, data showed Friday. The amount of money spent overseas by South Koreans with credit and debit cards came to [...]
BUSAN, May 22 (Korea Bizwire) – A rise in traffic accidents involving elderly drivers in Busan is drawing renewed attention to the urgent need for comprehensive safety measures, as demographic shifts push the city deeper into an aging society. According to the Busan Metropolitan Police Agency, the latest incident occurred on May 21, when an SM7 [...]
SEOUL, May 23, 2025 (Korea Bizwire) – For the first time, the number of construction engineers aged 60 and older in South Korea has surpassed those in their 40s, signaling an accelerating demographic shift in the country’s construction sector. According to a report released Thursday by the Korea Construction Policy Institute, as of February 2025, 277,432 [...]
SEOUL, May 22, 2025 (Korea Bizwire) — A new report warns that South Korea’s manufacturing sector remains disproportionately dependent on foreign demand—particularly from the United States and China—raising concerns about economic vulnerability amid ongoing global trade tensions. According to data released Wednesday by the Korea Employers Federation (KEF), 58.4% of South Korea’s manufacturing GDP in [...]