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S. Korea’s Youth Population Faces Drastic Decline by 2040 due to Persistently Low Fertility Rates

S. Korea’s Youth Population Faces Drastic Decline by 2040 due to Persistently Low Fertility Rates

SEJONG, Oct. 24 (Korea Bizwire) – According to a new report released by the National Assembly’s Budget and Policy Office, South Korea’s youth population is facing a significant decline, with an estimated 50 percent reduction by the year 2040 if the current low fertility rate persists. The report titled “Estimation of Total Population Reflecting Recent [...]

COVID-19 Impact: Over Half of Delivery Workers Face Income Decline, Survey Reveals

COVID-19 Impact: Over Half of Delivery Workers Face Income Decline, Survey Reveals

SEOUL, Oct. 24 (Korea Bizwire) –A recent survey revealed that more than half of delivery workers have seen a reduction in their income since the onset of the COVID-19 pandemic. The study, conducted online by the Delivery Platform Workers’ Union and the National Legislative Center over the course of a month, beginning on July 24th [...]

Drugs Seized in S. Korea Jump 30 pct on-year Through Sept.: Customs Agency

Drugs Seized in S. Korea Jump 30 pct on-year Through Sept.: Customs Agency

SEOUL, Oct. 24 (Korea Bizwire) — The amount of drugs seized before being smuggled into South Korea jumped 30 percent on-year during the first nine months of 2023, the customs agency said Tuesday. The number of smuggling attempts fell 11 percent to 501 cases during the cited period, but the average volume involved in each [...]

Number of Non-regular Workers Inches Down in 2023: Data

Number of Non-regular Workers Inches Down in 2023: Data

SEOUL, Oct. 24 (Korea Bizwire) — The number of non-regular workers in South Korea inched down in 2023 as the country lost temporary contracts mainly in the construction and retail sectors amid an economic slowdown, data showed Tuesday. The number of non-regular workers, including people working part-time and on temporary contracts and outsourced laborers, came [...]

Manufacturing Sector Employment Sees Steepest Decline in 11 Quarters in Q3

Manufacturing Sector Employment Sees Steepest Decline in 11 Quarters in Q3

SEOUL, Oct. 22 (Korea Bizwire) – The number of employees in South Korea’s manufacturing sector in the last three months dropped at the fastest pace in 11 quarters amid a protracted economic slowdown, government data showed Sunday. A monthly average of 4.47 million people were hired by the manufacturing industry in the July-September period, down [...]

Over 40% of South Korean Law School Students are High-Income Earners

Over 40% of South Korean Law School Students are High-Income Earners

SEOUL, Oct. 20 (Korea Bizwire) – Close to half of all law school students in South Korea were found to be high-income earners. In some law schools, the proportion of high-income students exceeded 70 percent. According to data from the Korea Student Aid Foundation regarding the income status of law school students for the 2022-2023 period, 44 [...]

Audit Reveals 2,154 Undocumented Infants, with 6 Cases Involving Deaths or Unaccounted Status

Audit Reveals 2,154 Undocumented Infants, with 6 Cases Involving Deaths or Unaccounted Status

SEOUL, Oct. 19 (Korea Bizwire) – A total of 2,154 infants born in the country between 2015 and 2022 were not documented after birth, the state audit agency said Thursday. The Board of Audit and Inspection (BAI) disclosed the findings during its routine audit of the health ministry, in the wake of a series of [...]

Over Half of Apartment Buyers Are Individuals in 30s and 40s, with ‘Chopuma’ Gaining Rising Popularity

Over Half of Apartment Buyers Are Individuals in 30s and 40s, with ‘Chopuma’ Gaining Rising Popularity

SEOUL, Oct. 18 (Korea Bizwire) – More than half of this year’s apartment buyers are in their 30s and 40s, and there is a growing preference for ‘chopuma’—a term used to describe apartment complexes adjacent to elementary schools. According to the Korea Real Estate Board on Tuesday, the total number of individuals who purchased apartments nationwide in [...]