SEOUL, Aug. 12 (Korea Bizwire) — South Korea’s job market has continued to tighten, with the number of job openings per job seeker falling to just 0.4 in July 2025, the lowest level in 26 years. This marks a significant decline, with the number of job openings per seeker reaching its lowest point since July 1999, [...]
SEOUL, Aug. 12 (Korea Bizwire) — The average age of chief executive officers (CEOs) at South Korea’s largest companies has fallen below 60 for the first time, signaling a shift toward younger leadership in the country’s corporate landscape, according to new industry data released Tuesday. The latest figures from corporate tracker Leaders Index show that the [...]
SEOUL, Aug.11 (Korea Bizwire) – In a stark contrast to SK Telecom’s sharp decline, KT and LG U+ posted strong financial results for Q2 2025, despite the ongoing challenges in the telecom sector. SK Telecom’s operating profit dropped by 37.1% year-on-year, falling to 338.3 billion won, largely due to the aftermath of a major hacking [...]
SEOUL, Aug. 8 (Korea Bizwire) — A recent survey has highlighted significant challenges disabled individuals face when using self-service kiosks in South Korea, with many preferring to order through human assistance rather than automated systems. The findings, released by the Ministry of Health and Welfare on August 8, were part of a study assessing the [...]
SEOUL, Aug. 8 (Korea Bizwire) — A growing number of young South Korean professionals say they are willing to change jobs solely for a salary increase, underscoring rising dissatisfaction with pay across age groups. According to a new survey released Thursday by job portal JobKorea, 43.1% of workers in their 20s said they would switch [...]
SEOUL, Aug. 7 (Korea Bizwire) — A recent Billboard survey reveals that while a significant share of U.S.-based K-pop fans are spending heavily on albums and merchandise, far fewer are attending live concerts—a disconnect shaped largely by geography and cost. According to the report titled “K-POP Fandom in the U.S.”, 41% of American K-pop fans spend [...]
SEJONG, August 6 (Korea Bizwire) — South Korea’s elderly workforce continues to grow, with the number of economically active people aged 55 to 79 surpassing 10 million for the first time, fueled by longer life expectancies, rising living costs, and inadequate pension income, according to new government data released Tuesday. The report, published by Statistics [...]
SEOUL, August 6 (Korea Bizwire) — South Korea’s top 100 publicly listed companies have significantly ramped up shareholder returns, with total payouts rising by more than 35% over the past two years, according to new data released Wednesday by corporate tracker CEO Score. The report found that shareholder returns — including dividends and share buybacks [...]
SEOUL, August 6 (Korea Bizwire) – A new study by South Korea’s National Pension Research Institute has challenged a widely held assumption that the country’s economic and labor trends will eventually converge with those of advanced economies like the United States and Japan. In a report titled “A Study on the Convergence of Demographic and [...]
Highland growers in Gangwon face mounting losses as warming temperatures and extreme weather push summer cabbage to the brink GANGNEUNG, August 5 (Korea Bizwire) — Once known for its cool summer breezes and starlit skies, the alpine cabbage fields of Anbandegi in Gangwon Province—South Korea’s largest high-altitude farming zone—are now at the frontline of climate [...]