SEOUL, April 17, (Korea Bizwire) — While South Korea’s web novel market continues its meteoric rise, the vast majority of creators are earning far below expectations, according to a government report released Wednesday. The 2024 Web Novel Industry Report, published by the Ministry of Culture, Sports and Tourism and the Korea Publishing and Culture Industry [...]
SEOUL, April 17 (Korea Bizwire) — The number of farming households in South Korea remained below the 1 million mark for the second consecutive year in 2024, continuing a long-term decline amid the country’s aging population and rapid urbanization, data showed Thursday. According to the data compiled by Statistics Korea, the number of farming households [...]
SEOUL, April 16 (Korea Bizwire) — Roughly seven in ten South Koreans aged 25 to 44 believe women should work to help support their families, reflecting a growing societal shift toward shared economic responsibility and evolving gender roles, according to a new study released Wednesday. The report, titled “Greater Flexibility in Life Course Outlooks and the [...]
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 7 (Korea Bizwire) — A significant majority of South Korean workers believe that nationwide protests calling for the impeachment of former President Yoon Suk-yeol have contributed positively to the development of the country’s democracy, according to a new survey released Sunday. The poll, conducted by research firm Global Research on behalf of the labor [...]
SEOUL, April 2 (Korea Bizwire) — South Koreans visited outpatient clinics an average of 18 times per person in 2024, excluding dental care, a figure nearly three times higher than the average among OECD member nations, according to a government report released Tuesday. The data, compiled by the Health Insurance Review and Assessment Service (HIRA), marks [...]
SEOUL, April 1 (Korea Bizwire) — More than half of South Korea’s social welfare workers say they have experienced workplace bullying in the past year, according to a new survey released ahead of Social Workers’ Day (March 30)—raising alarm about deteriorating conditions in one of the country’s most vital care sectors. The civic group Gabjil 119, [...]
SEOUL, April 1 (Korea Bizwire) — South Korea’s young adults are grappling with limited income, high debt burdens, and increasing living costs, according to the newly released 2024 Youth Financial Status Survey by the Korea Inclusive Finance Agency. The average annual income among young people aged 19 to 34 stood at ₩30.92 million (approximately $21,000 as [...]
SEOUL, March 30 (Korea Bizwire) — The number of virtual asset investors in South Korea has surpassed 16 million, drawing close to overtaking the number of stock investors in the country, data showed Sunday. A total of 16.29 million people had accounts at the top five domestic virtual asset exchanges — Upbit, Bithumb, Coinone, Korbit [...]
SEOUL, March 30 (Korea Bizwire) — The average monthly income of single-parent families stands at only about 60 percent of the average for all households, a government report showed Sunday. The average income of single-parent families with children under the age of 18 came to 2.94 million won (US$2,003) in 2024, according to the Ministry [...]