SEJONG, Jun. 28 (Korea Bizwire) – A recent analysis by Statistics Korea’s Statistics Research Institute reveals that approximately four out of five young adults in South Korea are unmarried, with the rate of singlehood among those in their early to mid-30s tripling over the past two decades. The report, titled “How Has the Face of South [...]
SEOUL, Jun. 26 (Korea Bizwire) – A new study predicts that South Korea’s declining birth rate and shrinking population could lead to a significant labor shortage in key sectors by 2042, with over 600,000 fewer workers in restaurants and retail compared to 2022 levels. The forecast was presented by professor Lee Chulhee of Seoul National University [...]
SEOUL, Jun. 26 (Korea Bizwire) – A recent survey has revealed that 4 out of 10 South Koreans cite cost as the primary reason for hesitating to get dental implants, with most respondents considering 500,000 to 600,000 won per implant as a reasonable price. The Korean Association of Medical Journalists (KAMJ) conducted the survey from May [...]
SEOUL, Jun. 25 (Korea Bizwire) – A recent survey by a civic group has revealed that only 1 in 10 victims of workplace bullying in South Korea report the incidents to their company, labor union, or the Ministry of Employment and Labor. The findings come as the amended Labor Standards Act, which prohibits workplace bullying, approaches [...]
SEOUL, Jun. 23 (Korea Bizwire) – South Korea’s car exports are forecast to reach a record high this year, driven by solid demand for eco-friendly models and sport utility vehicles, an industry association said Sunday. According to the Korea Automobile and Mobility Association (KAMA), the country’s car exports are projected to grow 5.4 percent on-year [...]
SEOUL, Jun. 23 (Korea Bizwire) – Research and development (R&D) expenditures by major South Korean companies hit an all-time high last year despite their falling sales amid an economic slowdown, data showed Sunday. The country’s top 1,000 companies made investments of 72.5 trillion won (US$52.12 billion) combined in 2023, up 8.7 percent from a year [...]
SEOUL, Jun. 20 (Korea Bizwire) – A survey by the Korea Enterprises Federation has revealed that 7 out of 10 office workers in their 20s, 30s, and 40s are considering changing jobs, underscoring the shifting employment landscape in South Korea. The Employee Turnover Trend Survey, conducted with the participation of 1,500 full-time employees aged 20 to [...]
SEOUL, Jun. 20 (Korea Bizwire) — More than 1 in 10 South Koreans have used generative artificial intelligence (AI), but many remain concerned about potential personal data leaks, according to a government poll released Thursday. The survey, conducted by the Korea Communications Commission (KCC) in November last year, found that 12.3 percent of the 4,581 [...]
SEOUL, Jun. 17 (Korea Bizwire) – A recent analysis by the General Insurance Association of Korea has revealed that one out of every three disputed car-to-car accidents over the past three years involved lane changes, underscoring a significant source of contention as the summer vacation season approaches. The association examined approximately 130,000 cases reviewed by its [...]
SEOUL, Jun. 15 (Korea Bizwire) – In their youth, scores of middle managers thrived in demanding roles that required expertise in data analysis, organizational oversight and other specialized skills. But many find themselves driving taxis or working as apartment security guards after reaching their 50s, according to a new government study. The study, released on June [...]