SEOUL, June 4 (Korea Bizwire) — The number of employees newly registered for the country’s four major state insurance programs fell to a record low in 2023, marking the second consecutive year of decline, data showed Wednesday. A total of 26.14 million people were registered as employees in 2023, up 0.3 percent, or 88,000 individuals, [...]
SEOUL, June 3 (Korea Bizwire) — A major multi-institutional study in South Korea has found that one in four patients who suffer an initial stroke dies within five years, while approximately one in six experiences a recurrence of the condition during the same period. The findings, released Monday, come from the Korea Stroke Cohort for Functioning [...]
SEOUL, June 2 (Korea Bizwire) – South Koreans are turning to the familiar voice of G-Dragon to soundtrack their commutes, according to a new analysis of music streaming habits on Melon, the country’s leading audio platform. Melon revealed Monday that the Big Bang frontman’s tracks were the most streamed by users during weekday commuting hours—specifically [...]
SEOUL, June 2 (Korea Bizwire) — Spending on pet care services and products in South Korea has surged by 30% over the past three years, with the fastest growth driven by consumers aged 60 and older, according to a new report released by KB Kookmin Card. The analysis, based on 24.85 million card transactions by 3.54 [...]
SEOUL, June 2 (Korea Bizwire) — South Koreans are spending a smaller share of their income than they did a decade ago, signaling deeper shifts in household behavior amid demographic and economic changes, according to a new report released by the Korea Chamber of Commerce and Industry (KCCI). The report, titled “Changes in Consumption Propensity by [...]
SEOUL, June 2 (Korea Bizwire) – Despite legal protections for maternity and parental leave in South Korea, new data reveals that many workers—particularly non-regular employees—continue to face pressure and retaliation for attempting to exercise these rights. The labor advocacy group Gapjil 119 on Sunday disclosed 58 cases of workplace mistreatment related to childbirth and parenting over [...]
SEOUL, May 31 (Korea Bizwire) — Parking issues remain the leading source of frustration for apartment dwellers in South Korea, according to a new analysis of resident complaints filed through a popular apartment management platform. Apartmenti, a residential service app, revealed Friday that parking-related grievances accounted for 33% of the more than 100,000 complaints submitted [...]
SEOUL, May 31 (Korea Bizwire) — The global gene therapy market is projected to soar to $36.6 billion (approximately 50 trillion won) by 2032, growing at a compound annual rate of 19.4%, according to a report released by the Korea Biotechnology Industry Organization on Thursday. Citing research from U.S. market analysis firm MarketsandMarkets, the report [...]
SEOUL, May 31 (Korea Bizwire) — The accelerating shift from traditional pay TV to online streaming platforms is deepening South Korea’s cord-cutting trend, as the number of pay TV subscribers continued to decline in the second half of 2024. According to a report released Thursday by the Ministry of Science and ICT, the total number [...]
SEOUL, May 30 (Korea Bizwire) — South Korea’s economy showed renewed signs of weakness in April, with industrial production, consumption, and investment all posting declines — the first “triple minus” since January — as the impact of new U.S. auto tariffs begins to ripple through key sectors. According to data released Friday by Statistics Korea, [...]