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Rising Tide of Financial Priorities: Teens Favor Income Over Interests in Career Choices

Rising Tide of Financial Priorities: Teens Favor Income Over Interests in Career Choices

SEJONG, Nov. 20 (Korea Bizwire) – More than one-third of South Korean teenagers say that income is their foremost consideration when selecting a career. Over the last decade, the significance of income as a decisive factor in job selection has consistently risen, surpassing both aptitudes and interests. This shift has resulted in a pronounced inclination towards [...]

Survey Reveals Over Half of Companies Falsely Touting New Ventures; Regulatory Scrutiny Intensifies

Survey Reveals Over Half of Companies Falsely Touting New Ventures; Regulatory Scrutiny Intensifies

SEOUL, Nov. 19 (Korea Bizwire) – A survey reveals that over half of the companies listed as intending to venture into new businesses such as secondary batteries and artificial intelligence (AI) had no track record of actually promoting such initiatives. The Financial Supervisory Service (FSS) released a report on Sunday titled ‘Follow-up on the Results [...]

Study Finds COVID-19 May Trigger Degenerative Brain Disease

Study Finds COVID-19 May Trigger Degenerative Brain Disease

SEOUL, Nov. 10 (Korea Bizwire) – A recent study has revealed that degenerative brain disease can occur as an aftereffect of COVID-19 infection. On Thursday, the Korea Brain Research Institute (KBRI) announced the findings of a joint study between the research team of its dementia research group, led by Dr. Kim Do-geun, and professor Choi In-soo’s [...]

Majority of S. Koreans Believe the Younger Generation Has a Lower Chance of Climbing the Social Ladder

Majority of S. Koreans Believe the Younger Generation Has a Lower Chance of Climbing the Social Ladder

SEJONG, Nov. 9 (Korea Bizwire) – More than half of South Koreans believe that the younger generation has a lower chance of climbing the social ladder. In addition, seven out of 10 elderly people live separately from their children, and eight out of 10 of them earn their living independently. Statistics Korea announced the results of [...]

South Koreans Grapple with Job Anxiety in 2023 Statistics Korea Survey

South Koreans Grapple with Job Anxiety in 2023 Statistics Korea Survey

SEJONG, Nov. 9 (Korea Bizwire) – More than half of South Korean employees are experiencing anxiety about losing their jobs or having to change jobs. Preferences for public servant jobs or positions at state-run enterprises have sharply declined, while the popularity of employment at large companies has increased.  Approximately 80 percent of households replied that income [...]

Alarming Surge in Self-Harm and Suicide Attempts Among Youth Revealed in Recent Study

Alarming Surge in Self-Harm and Suicide Attempts Among Youth Revealed in Recent Study

SEOUL, Nov. 9 (Korea Bizwire) – According to a recent study, the number of emergency room visits related to self-harm or disengagement from the world has increased by 1.8 times in the past decade. This rise has been particularly pronounced among teenagers, highlighting the need for improved mental health care for the younger generation.  The Korea [...]

Poll Finds 32 pct of South Koreans Believe Unification with North Korea is Unnecessary

Poll Finds 32 pct of South Koreans Believe Unification with North Korea is Unnecessary

SEOUL, Nov. 8 (Korea Bizwire) – A record 32 percent of South Koreans said unification with North Korea is unnecessary, a survey showed Wednesday, as inter-Korean relations remain frosty amid the North’s persistent military threats. The figure from a poll of 1,000 adults conducted by the Peaceful Unification Advisory Council (PUAC) from Sept. 15-17 marked [...]

International Student Surge Propels Foreign Population to Record High of 2.26 Million

International Student Surge Propels Foreign Population to Record High of 2.26 Million

SEOUL, Nov. 8 (Korea Bizwire) – The number of foreign residents in South Korea has hit a record high at nearly 2.26 million, with foreign students increasing by 21 percent year-on-year to fuel the jump, the interior ministry said Wednesday. As of Nov. 1, 2022, the number of foreign residents had stood at around 2.258 [...]

South Korea Tops Indonesian Travel and Development Aspirations, Survey Reveals

South Korea Tops Indonesian Travel and Development Aspirations, Survey Reveals

Jakarta, Nov. 8 (Korea Bizwire) – South Korea holds the top spot as the most desired destination for Indonesians to visit, with over 60 percent expressing that they find the country “suitable” as a model for their own nation’s development.  A recent survey conducted by the Embassy of the Republic of Korea in Indonesia revealed that [...]