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Wages Inch Up for Korean Workers, But Manufacturing and Construction Jobs Continue to Disappear

Wages Inch Up for Korean Workers, But Manufacturing and Construction Jobs Continue to Disappear

SEOUL, June 27 (Korea Bizwire) — The average South Korean worker earned 3.97 million won ($2,870) in April this year, working 165.5 hours for the month, according to new data released by the Ministry of Employment and Labor on Thursday. While wages rose modestly, the outlook for core industries like manufacturing and construction continues to darken [...]

Study Finds Post-Heart Attack Survival Rates Linked to Employment and Income

Study Finds Post-Heart Attack Survival Rates Linked to Employment and Income

SEOUL, June 26 (Korea Bizwire) — A new study has found that survival rates following acute myocardial infarction, commonly known as a heart attack, vary significantly in South Korea depending on employment status and income level, revealing stark disparities in health outcomes tied to socioeconomic status. Researchers from Yonsei University’s Severance Hospital and Chung-Ang University [...]

South Korea Records Highest April Birth Rate Growth in 34 Years

South Korea Records Highest April Birth Rate Growth in 34 Years

SEOUL, June 25 (Korea Bizwire) — South Korea’s monthly births exceeded 20,000 for the first time in three years this April, driven by a rise in marriages and an increase in women in their early 30s, marking the sharpest April growth in birth rate in over three decades. According to Statistics Korea’s latest population data [...]

In the Shadow of Seoul: South Korea’s Corporate Power Still Heavily Concentrated in Capital Region

In the Shadow of Seoul: South Korea’s Corporate Power Still Heavily Concentrated in Capital Region

SEOUL, June 25 (Korea Bizwire) — Nearly eight out of ten of South Korea’s largest companies are clustered in the greater Seoul area, highlighting a deepening imbalance in the nation’s corporate geography — one that’s reigniting debate over regional development and decentralization. According to a recent report by market research firm CEO Score, 385 out [...]

South Korea’s Growing Non-Salaried Workforce Excluded from National Pension System, Report Warns

South Korea’s Growing Non-Salaried Workforce Excluded from National Pension System, Report Warns

SEOUL, June 25 (Korea Bizwire) — More than 8.47 million South Koreans—including freelancers, gig workers, and platform laborers—now make up a major portion of the labor market, yet remain largely excluded from the country’s national pension system, a new government report has found. The Korea Institute for Health and Social Affairs (KIHASA) released a report [...]

Over 20 Million Koreans Prescribed Medical Narcotics in 2024, Raising Concerns Over Usage Surge

Over 20 Million Koreans Prescribed Medical Narcotics in 2024, Raising Concerns Over Usage Surge

SEOUL, June 25 (Korea Bizwire) – More than 20 million people in South Korea received prescriptions for medical narcotics last year, reflecting a steady rise in usage across the population, according to a new government report released Tuesday. The Ministry of Food and Drug Safety and the Korea Institute of Drug Safety & Risk Management [...]

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 [...]