SEOUL, April 16 (Korea Bizwire) — Roughly seven in ten South Koreans aged 25 to 44 believe women should work to help support their families, reflecting a growing societal shift toward shared economic responsibility and evolving gender roles, according to a new study released Wednesday. The report, titled “Greater Flexibility in Life Course Outlooks and the [...]
SEOUL, April 16 (Korea Bizwire) — The average length of service of employees at 80 major South Korean companies has increased in the past five years despite frequent job changes among young workers and retirement programs for senior workers, a corporate data tracker said Wednesday. In its survey of 80 companies that released data on [...]
SEOUL, April 16, (Korea Bizwire) — Nearly one-third of Seoul’s underground sewer lines have surpassed 50 years of age, with some districts relying on antiquated infrastructure for more than half of their networks, raising concerns over public safety and the growing risk of sinkholes. According to data disclosed by Rep. Jin Sun-mi of the Democratic [...]
SEOUL, April 15, (Korea Bizwire) — South Korea’s TV home shopping industry continues to face mounting financial strain as broadcasting fees soared to consume more than 70 percent of television sales revenue in 2024, despite a modest rise in overall sales. According to a report released Monday by the Korea TV Home Shopping Association, the [...]
SEOUL, April 15, (Korea Bizwire) — A new industry survey has found that restaurant franchise owners in South Korea take an average of two years and seven months to recover their initial investment, while more than half continue to pay fees to headquarters long after opening. According to a report released Monday by the Korea [...]
SEOUL, April 14 (Korea Bizwire) — A growing number of young South Koreans are choosing to forgo marriage due to financial strain and evolving personal values, according to a government-backed survey released Monday. The 2nd National Population Behavior Survey, conducted in October 2024 by the Korea Population, Health and Welfare Association, revealed that 41.5% of unmarried [...]
SEOUL, April 11 (Korea Bizwire) — Drivers aged 65 and older exhibit significantly slower reaction times in unexpected road situations compared to younger drivers, raising fresh concerns about senior road safety, according to a new study released Thursday by the Korea Consumer Agency. The study, which involved a simulated urban driving test of 34 drivers [...]
SEOUL, April 10 (Korea Bizwire) — Most Seoul residents now view 70 as the threshold of old age, and nearly 9 in 10 support extending the retirement age, according to the latest annual “Seoul Survey” released by the city government on Wednesday. The 2024 edition of the wide-ranging study, which polled 5,000 citizens, found that [...]
SEOUL, April 9 (Korea Bizwire) — Global demand for electric vehicle (EV) batteries rose sharply in the first two months of 2025, driven largely by the continued expansion of China’s battery giants, even as the broader EV market faces a temporary slowdown, often referred to as the “EV chasm.” South Korea’s major battery manufacturers, however, [...]
SEOUL, April 8 (Korea Bizwire) — As generative AI tools like ChatGPT become increasingly common in job applications, hiring professionals are struggling to assess the true capabilities of candidates, raising new questions about fairness, authenticity, and the future of recruitment. A recent survey by U.S.-based career platform ResumeGenius, which polled 1,000 hiring managers, reveals that [...]