SEOUL, May 21 (Korea Bizwire) – A growing number of young South Koreans are expressing a willingness to marry and have children, marking a shift in societal attitudes amid the country’s ongoing battle with low birth rates. According to survey results released Tuesday by the Presidential Committee on Ageing Society and Population Policy, the share of [...]
SEOUL, May 21 (Korea Bizwire) — Roughly 230,000 foreign nationals worked in South Korea’s construction industry in 2024, accounting for 14.7% of the sector’s total workforce, according to a new report released Tuesday by the Construction Workers Mutual Aid Association. Of these, over 83% were ethnic Korean Chinese, or Joseonjok, highlighting their dominant role in [...]
SEOUL, May 20 (Korea Bizwire) — South Korea’s automobile exports to the United States fell sharply in April 2025, as new U.S. tariffs and a temporary slowdown in electric vehicle demand took a toll on the country’s largest export market for cars. According to data released Tuesday by the Ministry of Trade, Industry and Energy, [...]
SEOUL, May 20 (Korea Bizwire) — The value of South Korea’s virtual asset market nearly doubled in the second half of last year from six months earlier, on rising prices of cryptocurrencies, data showed Tuesday. The market capitalization of the virtual asset market had come to 107.7 trillion won (US$77.6 billion) as of end-2024, up [...]
SEOUL, May 20 (Korea Bizwire) — A growing wave of carve-out mergers and acquisitions (M&A)—in which large corporations sell off non-core business units—is reshaping the South Korean dealmaking landscape, with private equity (PE) firms emerging as key players. According to a recent report by the Korea Capital Market Institute, domestic conglomerates are accelerating portfolio streamlining in response [...]
SEOUL, May 20 (Korea Bizwire) — South Korea’s Fair Trade Commission (FTC) has uncovered more than 1,100 unfair contract clauses across 23 major webtoon and web novel content providers (CPs), exposing widespread practices that undermine creators’ copyright protections and allow for the unauthorized use of derivative works. Following a comprehensive review of contract terms from companies [...]
SEOUL, May 20 (Korea Bizwire) — Public acceptance of non-marital childbirth is steadily rising among young South Koreans, with women in their 20s and 30s showing the sharpest increases in approval, according to a new study commissioned by the Presidential Committee on Aging Society and Population Policy. The research, conducted by the Korean Women’s Development Institute, analyzed [...]
SEOUL, May 20 (Korea Bizwire) — A South Korea–U.S. joint research team has developed the world’s first clinically validated wearable sensor capable of accurately measuring the amount of breast milk consumed by infants during nursing in real time—potentially transforming neonatal care and easing anxiety for new mothers. The study, published May 14 in the journal [...]
SEOUL, May 17, 2025 (Korea Bizwire) — Despite the growing presence of Chinese e-commerce giants like AliExpress and Temu, a majority of South Korean consumers still prefer domestic online platforms for their perceived reliability and product quality—even at higher prices, a government report revealed Friday. According to a report published by the Korea Information Society Development [...]
SEOUL, May 17 (Korea Bizwire) — A groundbreaking study by South Korea’s National Cancer Center has revealed that high-fat diets may directly accelerate the growth of cancer cells by altering how those cells metabolize fat for energy — a discovery that could pave the way for a new class of targeted cancer therapies. The research, led [...]