SEOUL, April 8 (Korea Bizwire) — A wave of tuition increases at South Korean private universities this semester has emerged as a key driver of inflation, with fears mounting that more institutions—particularly public ones—may follow suit in 2026, deepening financial strain on students and households. According to government data, tuition hikes at nearly 70% of [...]
SEOUL, April 7 (Korea Bizwire) — Almost four-fifths of South Koreans say they accepted the Constitutional Court’s verdict that removed former President Yoon Suk Yeol from office over his brief martial law declaration in December, a survey showed Monday. The poll, conducted by Realmeter on 1,516 adults aged over 18 from Wednesday to Friday, found [...]
SEOUL, April 7 (Korea Bizwire) — Hyundai Motor and Kia have exceeded 500,000 cumulative electric vehicle (EV) sales in South Korea, marking a significant milestone in the automakers’ transition toward electrification. The figure comes nearly 14 years after Hyundai introduced its first mass-produced EV, the BlueOn, in July 2011. According to data released Sunday, total domestic [...]
SEOUL, April 7 (Korea Bizwire) — A significant majority of South Korean workers believe that nationwide protests calling for the impeachment of former President Yoon Suk-yeol have contributed positively to the development of the country’s democracy, according to a new survey released Sunday. The poll, conducted by research firm Global Research on behalf of the labor [...]
SEOUL, April 6 (Korea Bizwire) — South Korea ranked 29th out of 37 major economies in terms of economic growth during the fourth quarter of 2024, as weak domestic demand and heightened political uncertainty weighed on the nation’s performance, a central bank report showed Sunday. Asia’s fourth-largest economy posted real gross domestic product (GDP) growth [...]
SEOUL, April 3 (Korea Bizwire) — A decade-long analysis by the Korea Economic Research Institute (KERI) has revealed that low-income households in South Korea have borne a disproportionately heavier burden from rising prices, primarily due to steep increases in food and housing costs. The study, released Wednesday, examined consumer-perceived inflation across income brackets from 2014 [...]
SEOUL, April 2 (Korea Bizwire) — South Koreans visited outpatient clinics an average of 18 times per person in 2024, excluding dental care, a figure nearly three times higher than the average among OECD member nations, according to a government report released Tuesday. The data, compiled by the Health Insurance Review and Assessment Service (HIRA), marks [...]
SEOUL, April 1 (Korea Bizwire) — More than half of South Korea’s social welfare workers say they have experienced workplace bullying in the past year, according to a new survey released ahead of Social Workers’ Day (March 30)—raising alarm about deteriorating conditions in one of the country’s most vital care sectors. The civic group Gabjil 119, [...]
SEOUL, April 1 (Korea Bizwire) — More than seven in ten South Koreans view the potential privacy risks associated with artificial intelligence (AI) as serious, according to a new national survey released Sunday by the Personal Information Protection Commission. The 2024 Personal Data Protection and Utilization Survey, conducted between September and December of last year, gathered [...]
SEOUL, April 1(Korea Bizwire) — The number of executives at South Korea’s top 30 conglomerates declined last year amid an economic slowdown, while that of employees increased, a market tracker said Tuesday. According to an analysis of 2024 business results released by 235 affiliates of the 30 conglomerates, the number of executives at the 235 [...]