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Foreign Investors View South Korea’s Labor Market as Rigid, Survey Finds

Foreign Investors View South Korea’s Labor Market as Rigid, Survey Finds

SEOUL, Jul. 23 (Korea Bizwire) – A recent survey has revealed that more than half of foreign-invested companies in South Korea perceive the country’s overall labor market as inflexible, potentially impacting future investment decisions.  The Federation of Korean Industries (FKI) conducted a survey from April 2 to 12 through Mono Research, targeting 538 foreign-invested manufacturing companies [...]

International Travelers at Incheon Airport Surge 40% Year-on-Year

International Travelers at Incheon Airport Surge 40% Year-on-Year

SEOUL, July 20(Korea Bizwire) – The number of international passengers traveling via Incheon International Airport has leaped nearly 40 percent in the first half of 2024 from a year earlier, the airport’s operator said Friday. A total of around 34 million passengers traveled on international flights at Incheon International Airport in the first half, up [...]

National Museum Sees Record Surge in Foreign Visitors During First Half of the Year

National Museum Sees Record Surge in Foreign Visitors During First Half of the Year

SEOUL, July 17 (Korea Bizwire) – The number of foreign visitors to the National Museum of Korea hit a record high of 94,951 in the first half of this year, museum officials said Wednesday. The figure represents a 34.5 percent increase from 70,585 a year ago and a 55.6 percent rise from pre-pandemic levels in [...]

LG Household & Health Care Unveils Groundbreaking Skin Tone Genetics Research

LG Household & Health Care Unveils Groundbreaking Skin Tone Genetics Research

SEOUL, Jul. 16 (Korea Bizwire) – LG Household & Health Care, a leading South Korean consumer goods company, announced on July 15 that its research identifying key genes influencing skin tone has been published in the prestigious international scientific journal “Nature Communications”. The study, which analyzed the skin genomes of over 57,000 East Asian individuals, marks [...]

South Koreans Skeptical of Proposed National Pension Reform, Survey Finds

South Koreans Skeptical of Proposed National Pension Reform, Survey Finds

SEOUL, Jul. 16 (Korea Bizwire) – A recent survey has revealed that 7 out of 10 South Koreans view negatively the “pay more, receive more” national pension reform proposal discussed by the 21st National Assembly.  The Korea Enterprises Federation (KEF) commissioned Mono Research to conduct a nationwide survey from June 17 to 26, polling 1,034 adults [...]

Koreans Lead in Embracing Mobile AI, Samsung Study Finds

Koreans Lead in Embracing Mobile AI, Samsung Study Finds

SEOUL, July 13 (Korea Bizwire) – South Korean consumers show the highest enthusiasm for using artificial intelligence (AI) technology on mobile devices, according to a study released by Samsung Electronics on July 11. The findings were unveiled at the “Salon de AI,” a Galaxy AI media forum held in Paris, following the company’s Galaxy product launch [...]

Survey: 59% of North Korean Defectors Support Changing Legal Terminology

Survey: 59% of North Korean Defectors Support Changing Legal Terminology

SEOUL, July 12 (Korea Bizwire) – Nearly 60 percent of North Korean defectors believe there is a need to change the legal term describing them, citing persistent negative perceptions associated with it, according to a survey released on Friday. The survey was conducted by the Korea Institute for National Unification, a state-run think tank, ahead [...]

AI Tools Show Highest Satisfaction in Sales, Struggle in Legal Work, Global Survey Finds

AI Tools Show Highest Satisfaction in Sales, Struggle in Legal Work, Global Survey Finds

SEOUL, Jul. 12 (Korea Bizwire) – A recent global survey has revealed that generative AI tools, such as ChatGPT, have seen the most significant improvement in performance satisfaction within the sales sector this year. Meanwhile, the legal field experienced the steepest decline in AI satisfaction.  According to a quarterly AI survey conducted by Bain & Company, [...]

Brand Loyalty Tightens Grip on South Korean Smartphone Market, Survey Shows

Brand Loyalty Tightens Grip on South Korean Smartphone Market, Survey Shows

SEOUL, Jul. 12 (Korea Bizwire) – A recent survey has revealed that 9 out of 10 consumers in South Korea intend to stick with their current smartphone brand, indicating a strengthening “lock-in effect” in the mobile device market. The study also found that smartphone usage among seniors over 70 has surpassed 90% for both men and [...]

Population Over 65 Surpasses 10 Million, Reports Interior Ministry

Population Over 65 Surpasses 10 Million, Reports Interior Ministry

SEOUL, Jul. 11 (Korea Bizwire) – The population aged 65 or older has surpassed 10 million, accounting for 19.5 percent of the total officially registered population, the interior ministry said Thursday. The population of those aged 65 or over reached 10,000,062 as of Wednesday, out of a total population of nearly 51.27 million, according to [...]