SEOUL, April 15, (Korea Bizwire) — South Korea’s TV home shopping industry continues to face mounting financial strain as broadcasting fees soared to consume more than 70 percent of television sales revenue in 2024, despite a modest rise in overall sales. According to a report released Monday by the Korea TV Home Shopping Association, the [...]
SEOUL, April 15, (Korea Bizwire) — A new industry survey has found that restaurant franchise owners in South Korea take an average of two years and seven months to recover their initial investment, while more than half continue to pay fees to headquarters long after opening. According to a report released Monday by the Korea [...]
SEOUL, April 14 (Korea Bizwire) — A growing number of young South Koreans are choosing to forgo marriage due to financial strain and evolving personal values, according to a government-backed survey released Monday. The 2nd National Population Behavior Survey, conducted in October 2024 by the Korea Population, Health and Welfare Association, revealed that 41.5% of unmarried [...]
SEOUL, April 11 (Korea Bizwire) — Drivers aged 65 and older exhibit significantly slower reaction times in unexpected road situations compared to younger drivers, raising fresh concerns about senior road safety, according to a new study released Thursday by the Korea Consumer Agency. The study, which involved a simulated urban driving test of 34 drivers [...]
SEOUL, April 10 (Korea Bizwire) — Most Seoul residents now view 70 as the threshold of old age, and nearly 9 in 10 support extending the retirement age, according to the latest annual “Seoul Survey” released by the city government on Wednesday. The 2024 edition of the wide-ranging study, which polled 5,000 citizens, found that [...]
SEOUL, April 9 (Korea Bizwire) — Global demand for electric vehicle (EV) batteries rose sharply in the first two months of 2025, driven largely by the continued expansion of China’s battery giants, even as the broader EV market faces a temporary slowdown, often referred to as the “EV chasm.” South Korea’s major battery manufacturers, however, [...]
SEOUL, April 8 (Korea Bizwire) — As generative AI tools like ChatGPT become increasingly common in job applications, hiring professionals are struggling to assess the true capabilities of candidates, raising new questions about fairness, authenticity, and the future of recruitment. A recent survey by U.S.-based career platform ResumeGenius, which polled 1,000 hiring managers, reveals that [...]
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 [...]