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Proposed Retirement Age Extension Fuels Generational Divide Over Youth Hiring Prospects

Proposed Retirement Age Extension Fuels Generational Divide Over Youth Hiring Prospects

SEOUL, July 24 (Korea Bizwire) — As South Korea debates a proposal to raise the statutory retirement age from 60 to 65, a new survey reveals a stark generational divide over how such a change could impact youth employment. According to findings released Wednesday by the Korea Employers Federation (KEF), 61.2% of unemployed young job [...]

Restaurants Remain Top Workplace for Korean Teens, But Youth Job Trends Are Shifting

Restaurants Remain Top Workplace for Korean Teens, But Youth Job Trends Are Shifting

SEOUL, July 24 (Korea Bizwire) – Restaurants remained the most common workplace for South Korean teenagers working part-time jobs last year, but new data suggests significant changes in youth employment patterns over the past decade. According to a study released Tuesday by the National Youth Policy Institute, 39.3% of middle and high school students who worked [...]

Social Support Tied to Greater End-of-Life Preparedness Among Seniors

Social Support Tied to Greater End-of-Life Preparedness Among Seniors

SEOUL, July 23 (Korea Bizwire) – Elderly individuals in South Korea who receive greater social support are significantly more likely to prepare for the end of life — including writing wills, completing advance directives, and planning funerals — according to new research released Tuesday by the Korean Public Health Association. A team from Eulji University’s [...]

Only 3 of 449: South Korea’s Outside Directors Largely Silent in Boardrooms, Data Shows

Only 3 of 449: South Korea’s Outside Directors Largely Silent in Boardrooms, Data Shows

SEOUL, July 23 (Korea Bizwire) — Despite decades of reforms aimed at strengthening corporate governance, a new analysis reveals that South Korea’s outside directors—soon to be renamed “independent directors”—overwhelmingly rubber-stamped board proposals in 2023, with only a handful showing independent judgment. According to data from the Financial Supervisory Service released Sunday, 122 listed affiliates of [...]

Koreans Favor Foreign Travel for Value and Variety, Citing Discontent with Local Tourism

Koreans Favor Foreign Travel for Value and Variety, Citing Discontent with Local Tourism

SEOUL, July 23 (Korea Bizwire) — South Koreans report lower satisfaction with domestic travel compared to overseas vacations, primarily due to high local prices and a lack of distinctive tourist content, according to a new survey released by the Korea Economic Research Institute on Monday. The nationwide survey, conducted by Mono Research, polled 1,000 adults [...]

R&D Tops Entry-Level Salary Rankings, While Media and PR Trail Behind

R&D Tops Entry-Level Salary Rankings, While Media and PR Trail Behind

SEOUL, July 23 (Korea Bizwire) — In South Korea, new graduates entering research and development roles earn the highest starting salaries, while those in media and public relations receive the lowest, according to a new analysis by career platform JobPlanet. JobPlanet analyzed 1.42 million salary records collected from employment insurance data and ranked job categories [...]

Hyundai Motor Group’s U.S. EV Exports Plunge Amid Local Production Shift and Weak Sales

Hyundai Motor Group’s U.S. EV Exports Plunge Amid Local Production Shift and Weak Sales

SEOUL, July 22 (Korea Bizwire) — Hyundai Motor Group’s electric vehicle (EV) exports to the United States plummeted by 88% in the first five months of 2025 compared to the same period last year, reflecting the combined impact of local production ramp-up and sluggish U.S. sales. According to the Korea Automobile & Mobility Association (KAMA), [...]

After Two Years of Decline, Imported Car Sales Surge on Back of New Models and Eco-Friendly Demand

After Two Years of Decline, Imported Car Sales Surge on Back of New Models and Eco-Friendly Demand

SEOUL, July 22 (Korea Bizwire) — South Korea’s imported car market is on a sharp rebound in 2025, reversing a two-year contraction as demand for eco-friendly and high-end models soars, supported by a wave of new releases and increased purchases by consumers in their 40s and corporate buyers. According to the Korea Automobile Importers & [...]

Surge in Foreign Medical Graduates Passing Korea’s Licensing Preliminary Exam

Surge in Foreign Medical Graduates Passing Korea’s Licensing Preliminary Exam

SEOUL, July 21 (Korea Bizwire) — A record number of foreign medical school graduates have passed South Korea’s preliminary medical licensing exam this year, marking a more than threefold increase from the previous year, signaling a shifting landscape in the country’s medical profession. According to the Korea Health Personnel Licensing Examination Institute on July 20, [...]

Foreign Visitors Drive Sharp Surge in Rail Travel, Nearly Doubling in Two Years

Foreign Visitors Drive Sharp Surge in Rail Travel, Nearly Doubling in Two Years

SEOUL, July 21 (Korea Bizwire) — South Korea’s railway network is witnessing a major surge in foreign ridership, with nearly 3 million international travelers using high-speed and conventional trains in the first half of 2025 — nearly double the number from two years ago. According to data from KORAIL and SR, operator of the Suseo [...]