SEOUL, Dec. 26 (Korea Bizwire) —In the ever-evolving economic landscape of South Korea, Millennials—those born in the 1980s—have emerged as a cornerstone of the nation’s financial vitality. According to a new report from Woori Financial Group, this generation is navigating a delicate balance between robust earnings, strategic investments, and cautious spending, all while reshaping economic [...]
INCHEON, Dec. 26 (Korea Bizwire) — Members of the South Korean Coast Guard are developing new equipment to improve maritime rescue operations, with several officers recently receiving recognition for their inventions. The Korea Coast Guard announced on December 25 that Senior Officer Kim Myung-seop from the Seogwipo Coast Guard Station won the gold prize at the [...]
SEOUL, Dec. 26 (Korea Bizwire) —Sejong emerged as the leading region for work-life balance in South Korea in 2023, according to a report released by the Ministry of Employment and Labor on Wednesday. The region excelled in providing optimal working hours, leisure opportunities, and effective implementation of work-family integration policies. The annual Regional Work-Life Balance [...]
SEOUL, Dec. 26 (Korea Bizwire) —A recent survey revealed that small business owners using self-service kiosks are saving labor costs equivalent to employing approximately one staff member. However, the cost of adoption and operational hurdles remain significant concerns. According to the Korea Federation of SMEs, 93.8% of 402 businesses, including restaurants, cafes, and PC rooms, [...]
SEOUL, Dec. 25 (Korea Bizwire) — Despite economic challenges and political turmoil, the holiday spirit made a vibrant return to Seoul this Christmas season. Celebratory events across the city have drawn citizens and tourists alike, offering a much-needed reprieve and festive cheer. One of the highlights is the iconic Seoul Plaza Ice Skating Rink, which [...]
CHUNCHEON, Dec. 25 (Korea Bizwire) — Chuncheon City unveiled its new suspension bridge, Sairo 248, over Uiam Lake on December 24, marking a significant addition to the region’s tourism attractions. The opening ceremony, held at Uiam Park, featured community events such as Christmas tree decoration, wish card creation, and food stalls to engage residents and visitors. [...]
SEOUL, Dec. 25 (Korea Bizwire) — LG Electronics plans to introduce two new concepts for its plant cultivation appliance, “LG Tiiun,” at CES 2025, the world’s largest consumer electronics and IT exhibition. The new designs integrate interior aesthetics with functionality, expanding LG’s foray into plant lifestyle technology. The new LG Tiiun concepts feature a stand light [...]
SEOUL, Dec. 25 (Korea Bizwire) — Samsung Electronics announced plans to unveil its home heat pump system, “EHS” (Eco Heating System), at CES 2025 in Las Vegas, signaling a strategic entry into the U.S. HVAC market. The product, already available in over 40 European countries, is set to launch in the U.S. next year. Designed for [...]
SEOUL, Dec. 25 (Korea Bizwire) — South Korea has officially entered the ranks of a “super-aged society,” with one in five residents now aged 65 or older, sparking renewed debate over raising the official age threshold for seniors. The issue is tied to pressing concerns such as pension reform, retirement age extension, and the economic strain [...]
SEOUL, Dec. 24 (Korea Bizwire) — According to life-cycle statistics for 2023 released by Statistics Korea on December 23, one in three South Koreans aged 65 and above are now employed, while about 80% of both young (15-39) and elderly households consist of one or two people. The administrative data, compiled from various government departments and [...]