SEOUL, April 20 (Korea Bizwire) — Despite growing awareness of labor rights in South Korea, workers at businesses with fewer than five employees continue to face widespread legal exclusion and exploitation, according to a report released Sunday by labor advocacy group Workplace Gapjil 119. The group highlighted recent consultations with employees at small firms who reported [...]
SEJONG, April 20 (Korea Bizwire) — South Korea’s national debt without available payment resources is projected to near 900 trillion won (US$634 billion) this year, the government said Sunday. The country’s national debt is expected to reach 885.4 trillion won in 2025, up 11.8 percent from a year earlier, according to the Ministry of Economy [...]
SEOUL, April 20 (Korea Bizwire) — LG Electronics announced Sunday the launch of its new “LG Smart Monitor Swing,” a high-resolution, large-screen display equipped with advanced touch features and full adjustability in height and angle. The new release aims to further solidify the company’s leadership in the portable monitor market, following the success of its earlier [...]
SEOUL, April 20 (Korea Bizwire) — The number of unsold new homes in South Korea has reached the highest level in 11 years and five months, data showed Sunday, due mainly to weak demand for new homes in provincial regions. There were 23,722 unsold new apartments nationwide as of the end of February, doubling from [...]
SEOUL, April 20 (Korea Bizwire) — Kia has cemented its position as a global automotive powerhouse, with its compact electric SUV, the EV3, winning the coveted title of World Car of the Year (WCOTY) at the 2025 World Car Awards held during the New York International Auto Show. This marks the second consecutive year Kia has [...]
SEOUL, April 20 (Korea Bizwire) — South Korea’s Incheon International Airport ranked third in international passenger traffic last year, its highest ranking since opening in 2001, the airport’s operator said Sunday. The country’s main airport, located about 45 kilometers west of Seoul in Incheon, previously ranked seventh in 2023 and fifth in both 2018 and [...]
SEOUL, April 19, (Korea Bizwire) — South Korea’s leading food delivery platform, Baemin, has drawn public backlash after introducing commission fees on takeout orders, a move critics say could burden small businesses and consumers while signaling the platform’s shifting business strategy. Starting April 14, 2025, Baemin began charging intermediary service fees on takeout orders, ending [...]
SEOUL, April 19, (Korea Bizwire) — In a nod to the virtues of idleness amid the relentless pace of modern life, the city of Seoul will host its eighth “Space-Out Competition” on May 11, 2025, at Banpo Hangang Park’s Jamsu Bridge. The event, first launched to challenge the societal stigma against doing nothing, invites participants [...]
DAEJEON, South Korea, April 19 — A research team at the Korea Advanced Institute of Science and Technology (KAIST) has proposed a groundbreaking approach using artificial intelligence to design enzymes that do not exist in nature — a move that could transform the future of bioengineering and industrial biotechnology. According to KAIST’s announcement on April [...]
SEOUL, April 18, (Korea Bizwire) — A series of attempted child abductions reported near elementary schools in Seoul’s affluent Gangnam district has sparked growing concern among parents and prompted increased police surveillance, authorities confirmed on Friday. On April 17, 2025, police received a report that an unidentified man approached a student near A Elementary School [...]