SEOUL, Aug. 14 (Korea Bizwire) — South Korea could see its economy expand by the equivalent of 6% of GDP if the number of foreign residents increased by one million, according to a new study by the Korea Chamber of Commerce and Industry (KCCI) and a research team led by Professor Kim Deok-pa of Korea [...]
SEOUL, Aug. 14 (Korea Bizwire) — Nearly 80 years after Korea’s liberation from Japanese colonial rule, a majority of South Koreans believe remnants of pro-Japanese collaboration remain unaddressed, according to a new survey released Wednesday by the Heritage of Korean Independence (HKI). The nationwide poll, conducted August 1–7 by Korea Data World, found that 70.9% [...]
SEOUL, Aug. 13 (Korea Bizwire) — A majority of indoor and outdoor labor sites in South Korea — from logistics centers to waste collection routes — are operating under extreme heat conditions well above the official safety threshold, according to a labor union survey released on Wednesday. The Korean Public Service and Transport Workers’ Union (KPTU) [...]
SEOUL, Aug.12 (Korea Bizwire) — A recent report by the Health Insurance Review and Assessment Service reveals that one-third of South Korea’s districts are experiencing a severe decline in birth rates, with fewer than 10 births per year. This troubling trend is largely attributed to the nation’s aging population, declining fertility rates, and the absence [...]
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 [...]