SEOUL, Aug. 5 (Korea Bizwire) — South Korea’s largest companies now employ more workers in their 50s than in their 20s, a demographic shift that underscores slowing youth hiring amid persistent economic headwinds. As of the end of 2024, employees in their 20s accounted for 19.8% of the workforce at 124 major companies tracked [...]
SEOUL, Aug. 4 (Korea Bizwire) — More than 6 in 10 South Koreans gave a positive assessment of the trade deal reached last week between Seoul and Washington, a poll showed Monday. According to the survey conducted by Realmeter on 1,016 adults aged over 18 on Friday, 63.9 percent said they viewed the deal positively, [...]
New climate projections highlight urgent need for emissions reduction under President Lee’s administration as global temperatures rise under Trump-era climate diplomacy gap SEOUL, August 4 (Korea Bizwire) — South Korea could face a dramatic surge in extreme heat events unless global carbon emissions are curbed, with so-called “compound extreme heat days” projected to increase up [...]
SEOUL, Aug. 1 (Korea Bizwire) — AhnLab, a leading South Korean cybersecurity firm, reported Wednesday that phishing scams disguised as digital wedding invitations were the most common form of SMS-based cyberattacks in the second quarter of 2025. According to AhnLab’s “Q2 2025 Phishing SMS Trend Report,” such scams accounted for 28.10% of all phishing messages, [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s top 92 conglomerates now operate more than 6,360 overseas affiliates across 131 countries, with the United States accounting for the largest share at over 26%, according to a new report from the Korea CXO Institute released on Thursday. The number of foreign subsidiaries grew by nearly 200 [...]
SEOUL, July 30 (Korea Bizwire) — South Korea’s credit card spending rose sharply in the second quarter of 2025, buoyed by recovering consumer sentiment and optimism over potential economic stimulus measures in the second half of the year. According to data released Wednesday by the Credit Finance Association, total card-approved transactions reached 313 trillion won [...]
SEOUL, July 30 (Korea Bizwire) — August has emerged as the deadliest month for drowsy driving-related fatalities in South Korea, with the summer vacation season and long-distance travel contributing to a sharp rise in accidents, according to data released Wednesday by the National Police Agency. Between 2020 and 2024, a total of 9,559 drowsy driving [...]
SEOUL, July 30 (Korea Bizwire) — South Koreans are living longer than most of their global peers, but the country continues to grapple with the highest suicide rate among OECD nations, underscoring a stark contrast between physical longevity and mental well-being. According to the OECD Health Statistics 2025 report released Wednesday by South Korea’s Ministry [...]
SEOUL, July 30 (Korea Bizwire) — South Korea has one of the lowest numbers of practicing physicians among developed nations, but its citizens visit the doctor more often than anywhere else in the OECD, highlighting a paradox of limited manpower and high demand in the nation’s healthcare system. According to the OECD Health Statistics 2025 [...]
SEOUL, July 30 (Korea Bizwire) — South Korean employees are spending an estimated 25.1 billion hours annually on repetitive administrative work, including data management and routine reporting, according to a global survey released Monday by Dropbox in partnership with polling firm YouGov. The survey, which included over 10,000 full- and part-time workers across seven countries [...]