SEOUL, Sept. 5 (Korea Bizwire) — South Korean women not only earn far less than men during their working lives but also receive significantly smaller pensions in retirement, according to new research presented Thursday by the Korean Confederation of Trade Unions (KCTU). The study, conducted by senior researcher Jang Jin-hee of the KCTU’s Central Research [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea has seen its marriage and birth patterns shift dramatically over the past three decades, with the number of marriages nearly cut in half, births falling by two-thirds, and cross-cultural unions rising sharply, government data showed Wednesday. According to Statistics Korea, marriages peaked at 434,900 in 1996 but dropped [...]
SEOUL, Sept. 3 (Korea Bizwire) — A government-funded study, quietly withheld during South Korea’s contentious pension reform debate, has surfaced with stark warnings that elderly poverty could worsen dramatically under the current system, raising questions over transparency and policy priorities. The report, produced last December by researchers at the National Pension Research Institute, projected that if the [...]
SEOUL, Sept. 3 (Korea Bizwire) — Poverty and low educational attainment are significantly delaying young South Koreans’ transition into adulthood — from employment to leaving home to marriage — while also deepening psychological distress, according to a government-funded study released Tuesday. The Korea Institute for Health and Social Affairs analyzed data from more than 1,200 [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korea’s battery makers, long buoyed by global demand for electric vehicles, are bracing for a sharp downturn after the United States abruptly ended tax credits for EV purchases, a move analysts warn could choke demand for Korean cells. In a report released Sunday, the Korea Institute for Industrial [...]
SEOUL, Sept. 2 (Korea Bizwire) — Worker productivity at South Korea’s five largest commercial banks jumped nearly 27 percent in the first half of 2025, topping 200 million won ($147,000) per employee for the first time, according to regulatory filings. The gains narrowed a long-standing gap with internet-only banks, whose per-capita profit, while still higher [...]
SEOUL, Sept. 1 (Korea Bizwire) — A majority of South Korean companies prefer to rehire older employees after retirement rather than extend their contracts or adopt alternative employment models, according to a new survey that underscores both the demand for experienced workers and the challenges of managing labor costs. The Korea Employers Federation (KEF) said [...]
SEOUL, Aug. 29 (Korea Bizwire) – South Korea’s police are intensifying efforts to combat a surge in voice phishing scams, which authorities now describe as a “social disaster” threatening every generation. The National Police Agency on Thursday unveiled five public service videos on YouTube — including one in which a senior police official receives a [...]
SEOUL, Aug. 28 (Korea Bizwire) — South Korea’s largest companies have sharply increased their reliance on temporary workers over the past four years, raising questions about job stability in one of Asia’s most industrialized economies. According to data released Wednesday by CEO Score, which analyzed quarterly filings from 334 of the country’s top 500 companies [...]
SEOUL, Aug. 28 (Korea Bizwire) — Global ransomware cases climbed 17 percent in the second quarter from a year earlier, with consumer-facing services bearing the brunt of attacks, according to a report released Tuesday by SK Shieldus, a South Korean cybersecurity company. The firm tallied 1,556 incidents worldwide between April and June. While that marked [...]