SEOUL, June 8 (Korea Bizwire) — Air travel between South Korea and Japan reached an all-time high in the first five months of 2025, surpassing 11 million passengers despite a strengthening Japanese yen, the Ministry of Land, Infrastructure and Transport announced Sunday. A total of 11.25 million travelers flew between the two countries from January to [...]
SEOUL, June 8 (Korea Bizwire) — For the first time in years, Seoul has recorded a sustained increase in both births and marriages, signaling a potential turning point in the city’s demographic challenges. According to data released on June 8 by Statistics Korea and the Seoul Metropolitan Government, the number of births in March 2025 reached [...]
SEOUL, June 7 (Korea Bizwire) — Despite public perception that entertainers live comfortably above the economic fray, a new government survey suggests that income inequality and career instability are pervasive among South Korea’s cultural workers — particularly those in broadcasting, popular music, and comics. According to the Ministry of Culture, Sports and Tourism’s 2024 Artist Survey, [...]
SEOUL, June 7 (Korea Bizwire) — South Korea’s entertainment stocks are rallying on renewed hopes of a diplomatic thaw with China, as investors bet on policy tailwinds under President Lee Jae-myung’s new administration. According to data released by the Korea Exchange, shares of the nation’s four major entertainment companies have surged an average of 56.7% [...]
SEOUL, June 6 (Korea Bizwire) — Political uncertainty in South Korea has eased sharply following the June 3 presidential election, returning to levels not seen since before last year’s state of emergency declaration, according to data released by the Bank of Korea. The central bank reported that the nation’s Political Uncertainty Index stood at 1.5 [...]
SEOUL, June 5 (Korea Bizwire) — South Koreans spent a staggering ₩82.9 trillion (approximately $61 billion) on fashion products over the past year, with casual wear topping the list and consumers in their 50s emerging as the most active spenders, according to a nationwide survey released Wednesday. The Korea Federation of Textile Industries reported that [...]
SEOUL, June 5 (Korea Bizwire) — Despite generous government subsidies covering most medical expenses for tuberculosis (TB) patients in South Korea, nearly half still experience “catastrophic costs” due to hidden expenses like nutrition, transportation, and lost income, according to a landmark 2025 study. The report, commissioned by the Korea Disease Control and Prevention Agency (KDCA) [...]
SEOUL, June 5 (Korea Bizwire) — South Korea’s server market expanded by a staggering 72.7% in 2024 from the previous year, fueled by a sharp rise in demand for GPU-powered systems amid the rapid adoption of generative artificial intelligence, according to a report released Wednesday by IT research and consulting firm IDC Korea. The market [...]
SEOUL, June 4 (Korea Bizwire) — The number of employees newly registered for the country’s four major state insurance programs fell to a record low in 2023, marking the second consecutive year of decline, data showed Wednesday. A total of 26.14 million people were registered as employees in 2023, up 0.3 percent, or 88,000 individuals, [...]
SEOUL, June 3 (Korea Bizwire) — A major multi-institutional study in South Korea has found that one in four patients who suffer an initial stroke dies within five years, while approximately one in six experiences a recurrence of the condition during the same period. The findings, released Monday, come from the Korea Stroke Cohort for Functioning [...]