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Archive by category Top News

230,000 South Korean Self-Employed Pay Higher Health Insurance Despite Lower Income

SEOUL, Sept. 30 (Korea Bizwire) – A recent analysis of South Korea’s health insurance system has revealed a significant disparity affecting many self-employed individuals. According to data from the National Health Insurance Service, approximately 230,000 self-employed business owners are paying health insurance premiums based on their highest-paid employees’ salaries, even when their own incomes are lower. [...]

South Korea Emerges as Popular Working Holiday Destination

SEOUL, Sept. 29 (Korea Bizwire) – A recent study has revealed that foreign visitors on working holiday visas in South Korea stay an average of 8.5 months, embark on 5.6 domestic trips, and spend about 970,000 won per month. These findings come from a report titled “K-Working Holiday: Why Choose Korea?” published on September 25 by [...]

South Korea Grapples with ‘Judge Shopping’ Controversy in High-Profile Cases

SEOUL, Sept. 29 (Korea Bizwire) – A legal provision designed to ensure fair trials has become the center of a contentious debate in South Korea. The rule, which allows for the reassignment of judges in certain circumstances, is increasingly being scrutinized for potential abuse. Critics argue that it’s being exploited as a strategy to change presiding [...]

Seoul Cracks Down on ‘Dumping Tourism’ to Protect City’s Image

SEOUL, Sept. 28 (Korea Bizwire) – In a bid to safeguard its reputation as a premier travel destination, the Seoul Metropolitan Government has launched an undercover operation to investigate low-cost tour packages sold overseas. The initiative aims to curb the spread of so-called “dumping tourism,” which officials fear could tarnish the city’s image and lead to [...]

Former Samsung Executives Charged with Stealing Chip Technology for Chinese Firm

SEOUL, Sept. 28 (Korea Bizwire) – South Korean prosecutors have indicted two former semiconductor industry executives on charges of stealing cutting-edge memory chip technology from Samsung Electronics and using it to establish a rival company in China. The Seoul Central District Prosecutors’ Office announced on September 27 that it had formally charged the two men, identified [...]

South Korea’s Aging Population Faces Isolation and Poverty, New Statistics Show

SEJONG, Sept. 28 (Korea Bizwire) – A recent government report reveals that more than one in three elderly South Koreans living alone have no one to talk to, highlighting a growing crisis of isolation among the country’s aging population. Statistics Korea released its 2024 Elderly Statistics report on September 26, painting a stark picture of the [...]

South Korea’s Retail Employment Decline for 60 Consecutive Months as Online Shopping Booms

SEOUL, Sept. 27 (Korea Bizwire) – The rise of e-commerce in South Korea has led to a steady decline in retail employment, with the number of sales workers decreasing for 60 consecutive months, according to recent government data. Statistics Korea reported on September 26 that the number of sales workers last month stood at 2.55 million, [...]

At Samsung Electronics, a Graying Workforce Signals Shift in Corporate Demographics

SEOUL, Sept. 27 (Korea Bizwire) – For the first time in its history, Samsung Electronics, the South Korean tech giant, has more employees aged 40 and above than those in their 20s, according to a recent analysis. This demographic shift underscores a rapidly aging workforce at one of the world’s leading technology companies. The Korea CXO [...]

Delivery Service Provider Leads in Workplace Injury Claims for Third Consecutive Year

SEOUL, Sept. 27 (Korea Bizwire) – Woowa Brothers, the operator of South Korea’s popular food delivery app Baemin, is on track to top the list of workplace injury claims for the third year running, according to data released by the Korea Workers’ Compensation and Welfare Service. From January to August of this year, Woowa Brothers reported [...]

Miss Korea Pageant Sparks Controversy with Deepfake Question

SEOUL, Sept. 27 (Korea Bizwire) – The 2024 Miss Korea Pageant, held on September 24 at COEX in Seoul’s Gangnam district, has come under fire for posing a controversial question about deepfake technology to contestants. The question, “If you appear more attractive in a deepfake video, how would you reduce the gap with your real self?” [...]