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Over Half of South Korean Graduates Say Experience-Focused Hiring Is a Barrier to Employment

Over Half of South Korean Graduates Say Experience-Focused Hiring Is a Barrier to Employment

SEOUL, June 25 (Korea Bizwire) — More than half of recent South Korean college graduates view the private sector’s growing preference for experienced hires as a major obstacle to entering the job market, according to a new report by the Korea Chamber of Commerce and Industry (KCCI). In its analysis of 144,181 job postings listed [...]

Imported Diesel Passenger Car Sales Plunge in South Korea Amid Green Shift

Imported Diesel Passenger Car Sales Plunge in South Korea Amid Green Shift

SEOUL, June 25 (Korea Bizwire) –  Once the dominant force in South Korea’s imported vehicle market, diesel-powered passenger cars are facing a steep decline as consumers increasingly turn to cleaner alternatives. According to data released Tuesday by the Korea Automobile Importers & Distributors Association (KAIDA), only 1,469 imported diesel passenger vehicles were sold in South [...]

Subscription Squeeze: Rising OTT Prices Deepen Burden for Korean Households

Subscription Squeeze: Rising OTT Prices Deepen Burden for Korean Households

SEOUL, June 24 (Korea Bizwire) — As inflation continues to pressure South Korean consumers, a new wave of subscription price hikes across major streaming platforms—dubbed “streamflation”—is intensifying household budget strain and fueling public backlash. Netflix Korea recently raised its ad-supported standard plan from 5,500 won to 7,000 won per month and its basic plan from [...]

Over 30% of New Mothers of Twins Suffer from Severe Depression, Survey Finds

Over 30% of New Mothers of Twins Suffer from Severe Depression, Survey Finds

Over 30% of New Mothers of Twins in South Korea Suffer from Severe Depression, Survey Finds SEOUL, June 24 (Korea Bizwire) – A new survey reveals that more than 30 percent of South Korean mothers within 12 weeks of delivering twins are experiencing severe postpartum depression, underscoring the urgent need for greater mental health support for [...]

South Korea Eyes Timber Construction as Key to Carbon-Neutral Housing

South Korea Eyes Timber Construction as Key to Carbon-Neutral Housing

SEOUL, June 24 (Korea Bizwire) — As South Korea moves to tighten emissions standards for new buildings, including private apartments starting later this month, policymakers are looking to timber-based construction as a viable path toward carbon neutrality in the housing sector. A new report from the Korea Land and Housing Corporation (LH) underscores the urgency [...]

Low Birthrate Pushes Up Childcare Prices, Reshaping Small Business Sector

Low Birthrate Pushes Up Childcare Prices, Reshaping Small Business Sector

SEOUL, June 24 (Korea Bizwire) — As South Korea grapples with a persistently low birthrate under President Lee Jae-myung’s administration, a new report highlights how the demographic shift is reshaping the nation’s small business ecosystem, prompting price hikes and deepening inequality among local service providers. According to a study released Monday by Hana Financial Group’s [...]

Wealth, Marriage, and Zip Code Shape Retirement Outlook for Koreans in Their 30s to 60s

Wealth, Marriage, and Zip Code Shape Retirement Outlook for Koreans in Their 30s to 60s

SEOUL, June 23 (Korea Bizwire) — South Koreans in their 30s to 60s scored an average of 69.9 out of 100 in overall retirement preparedness, reflecting modest improvement over the past five years but revealing persistent disparities across income levels, marital status, and geographic regions. According to a new government-commissioned report released by the Korea [...]

Catastrophic Medical Expenses Rise for Second Year in South Korea, Disproportionately Affecting Low-Income Households

Catastrophic Medical Expenses Rise for Second Year in South Korea, Disproportionately Affecting Low-Income Households

SEOUL, June 23 (Korea Bizwire) — The share of South Korean households burdened by catastrophic medical expenses—those that exceed 40 percent of a household’s ability to pay—rose for the second consecutive year, according to new government data, highlighting widening healthcare inequality despite improvements in overall access to treatment. A joint report released Saturday by the Korea [...]

Marriage Migrants Struggle With Depression and Health Access in Korea, Study Reveals

Marriage Migrants Struggle With Depression and Health Access in Korea, Study Reveals

SEOUL, June 20 (Korea Bizwire) — As the number of marriage migrant women continues to rise in South Korea, a new government report highlights the growing health disparities they face — including a higher prevalence of depression and limited access to critical health information due to language and cultural barriers. According to the Korea Institute [...]

Positive Mindset Linked to Longer Survival in Terminal Cancer Patients, Korean Study Finds

Positive Mindset Linked to Longer Survival in Terminal Cancer Patients, Korean Study Finds

SEOUL, June 20 (Korea Bizwire) — A new study by researchers at Seoul National University Hospital suggests that terminal cancer patients who maintain a positive, proactive attitude toward life may live significantly longer — regardless of whether they suffer from depression. The study, published this week in the journal BMC Psychiatry, found that patients with [...]