SEOUL, Sept. 5 (Korea Bizwire) — South Korean women not only earn far less than men during their working lives but also receive significantly smaller pensions in retirement, according to new research presented Thursday by the Korean Confederation of Trade Unions (KCTU). The study, conducted by senior researcher Jang Jin-hee of the KCTU’s Central Research [...]
SEOUL, Sept. 5 (Korea Bizwire) — Illegal private lending and debt collection crimes in South Korea have more than doubled in the past three years, with authorities warning that exploitative lenders are increasingly preying on financially vulnerable groups such as young job seekers. According to data released Thursday by Rep. Han Byung-do, violations of lending [...]
SEOUL, Sept. 5 (Korea Bizwire) — With South Korea’s stock market stuck in a holding pattern, investors are pouring money into bond-focused exchange-traded funds, underscoring a shift toward safer assets amid global economic uncertainty. According to Koscom data released Thursday, Samsung Asset Management’s KODEX Money Market Active and Korea Investment Trust’s ACE Money Market Active [...]
BERLIN, Sept. 4 (Korea Bizwire) — On the eve of Europe’s largest consumer electronics fair, LG Electronics unveiled a sprawling exhibition that cast its artificial intelligence appliances as a finely tuned orchestra — a metaphor underscoring its ambitions to harmonize technology and everyday life while deepening its foothold in Europe. At IFA 2025 in Berlin, [...]
BERLIN, Sept. 4 (Korea Bizwire) — On the eve of Europe’s largest consumer electronics fair, IFA 2025, Samsung Electronics offered visitors a sweeping vision of how artificial intelligence may soon permeate daily life. At its vast 6,235-square-meter pavilion in CityCube Berlin, Samsung staged an exhibition under the theme “AI Home, Bringing the Future to Life.” The [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s Defense Ministry said Thursday it will dramatically expand drone training for conscripts, aiming to produce what it calls “500,000 drone warriors” as militaries worldwide adapt to the growing role of unmanned systems on the battlefield. Defense Minister Ahn Kyu-baek announced the initiative at a ceremony designating the [...]
SEJONG, Sept. 4 (Korea Bizwire) — A statue in Sejong that was dismantled more than a decade ago after residents complained it resembled the Grim Reaper may be resurrected, thanks in part to the global success of Netflix’s animated film “K-Pop Demon Hunters.” The Government Complex Management Office confirmed Wednesday that officials are reviewing whether to reinstall [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea has seen its marriage and birth patterns shift dramatically over the past three decades, with the number of marriages nearly cut in half, births falling by two-thirds, and cross-cultural unions rising sharply, government data showed Wednesday. According to Statistics Korea, marriages peaked at 434,900 in 1996 but dropped [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s government announced a sweeping plan to eliminate dozens of everyday regulations deemed outdated or unreasonable, including cumbersome telecom service cancellations and male-only membership in a national civic group. The reforms were unveiled Tuesday at a policy coordination meeting chaired by Prime Minister Kim Min-seok, following the government’s [...]
SEOUL, Sept. 4 (Korea Bizwire) — The South Korean government is stepping up efforts to promote work-life balance, spotlighting companies that have embraced flexible schedules and reaped tangible benefits, from lower turnover to stronger hiring power. At an awards ceremony in Seoul on Wednesday, the Ministry of Employment and Labor honored 21 winners of its [...]