SEOUL, Dec. 27 (Korea Bizwire) — South Korea has the highest traffic fatality rate for seniors among OECD member countries, with elderly suicides also remaining alarmingly high despite recent declines, according to a 2024 report. Data reveals that the number of elderly suicides is over 2.6 times greater than traffic-related deaths. A study by Professor Jung [...]
WONJU, Dec. 26 (Korea Bizwire) — The iconic ginkgo tree in Bangye-ri, Wonju, previously believed to be 800–900 years old, has been scientifically confirmed to be 1,317 years old, according to a report released by the Wonju History Museum on Thursday. The tree, a designated Natural Monument (No. 167) since 1964, is now recognized as one [...]
SEOUL, Dec. 26 (Korea Bizwire) – As global competition in advanced industries intensifies, more than half of South Korean companies in cutting-edge sectors, including biotechnology, batteries, and semiconductors, view the country’s regulatory environment as excessively stringent compared to international competitors. A survey conducted by the Korea Chamber of Commerce and Industry (KCCI) among 433 companies [...]
SEOUL, Dec. 26 (Korea Bizwire) – South Korean venture companies collectively achieved over 240 trillion won ($165 billion) in sales last year, ranking third among the nation’s top corporate groups, according to data released on December 25 by the Ministry of SMEs and Startups. This places them behind only Samsung Group (295 trillion won) and [...]
INCHEON, Dec. 26 (Korea Bizwire) — Members of the South Korean Coast Guard are developing new equipment to improve maritime rescue operations, with several officers recently receiving recognition for their inventions. The Korea Coast Guard announced on December 25 that Senior Officer Kim Myung-seop from the Seogwipo Coast Guard Station won the gold prize at the [...]
SEOUL, Dec. 25 (Korea Bizwire) – South Korea’s main business lobby said Wednesday it has sent letters calling for support for the Korean economy from its 33 global counterparts amid the political turmoil following President Yoon Suk Yeol’s botched martial law declaration this month. The Federation of Korean Industries (FKI) said it sent the letters [...]
SEOUL, Dec. 25 (Korea Bizwire) — South Korea’s cryptocurrency market has experienced a significant surge in investors, coinciding with the U.S. presidential election and growing optimism around President-elect Donald Trump’s pro-crypto policies. According to data submitted by the Bank of Korea to lawmaker Lim Kwang-hyun of the National Assembly’s Strategy and Finance Committee, the number of [...]
SEOUL, Dec. 25 (Korea Bizwire) — The South Korean government has introduced measures to limit the use of treasury shares by listed companies during corporate spin-offs, aiming to prevent misuse that could unfairly enhance major shareholders’ control. The Financial Services Commission (FSC) announced on December 24 that amendments to the Capital Markets Act Enforcement Decree, approved [...]
SEOUL, Dec. 25 (Korea Bizwire) — South Korea has officially entered the ranks of a “super-aged society,” with one in five residents now aged 65 or older, sparking renewed debate over raising the official age threshold for seniors. The issue is tied to pressing concerns such as pension reform, retirement age extension, and the economic strain [...]
SEOUL, Dec. 23 (Korea Bizwire) — South Korea’s manufacturing and export sectors, the backbone of its economy, are bracing for significant challenges in early 2025 due to rising global trade tensions and domestic political instability. Concerns are growing over protectionist policies from major economies, particularly under the incoming Trump administration, and a leadership void in [...]