SEOUL, Apr. 29 (Korea Bizwire) – A staggering 81 percent of South Koreans risk facing an income drought after retirement, according to a recent survey, essentially equating retirement with poverty for a large segment of the population. The survey by the Korea Insurance Research Institute (KIRI) revealed that over 80 percent of non-retirees are ill-prepared for [...]
SEOUL, Apr. 26 (Korea Bizwire) – Housing expenses represent the biggest monthly financial burden for four out of 10 people in their 20s and 30s in South Korea, according to a recent survey, highlighting the challenges of expensive housing costs for young adults in the country. The poll of 1,547 people in their 20s and 30s, [...]
SEOUL, Apr. 26 (Korea Bizwire) – A lively street festival transforming the popular Myeong-dong district of Seoul into an open-air “pop-up store” kicks off on April 26, aiming to attract visitors with vibrant displays, performances and collaborative efforts between businesses and the local government. The “Seoul Festa 2024 Myeong-dong Festival” runs through May 6 in the [...]
SEOUL, Apr. 25 (Korea Bizwire) – A national survey on reforming South Korea’s pension system found that a proposal to raise contributions in exchange for higher payouts was most popular among those in their 40s and 50s, while younger Koreans were more reluctant to increase their payments, highlighting a generational divide. The results from the citizen [...]
SEOUL, Apr. 25 (Korea Bizwire) – Samsung Electronics, the world’s leading smartphone maker, has relaunched its Galaxy C series of smartphones tailored for the Chinese market after a seven-year hiatus, in a bid to reclaim market share from domestic rivals. According to the market research firm Counterpoint Research, Samsung is estimated to have recorded a market [...]
BOEUN, Apr. 25 (Korea Bizwire) – For years, officials at Songnisan National Park have been grappling with an unwelcome visitor that has taken over a reservoir within the park’s boundaries: the largemouth bass, an invasive fish species from North America. The formidable predator, which can grow up to 60 centimeters long and has an enormous mouth, [...]
SEJONG, April 24 (Korea Bizwire) – South Korean livestock farms generated more than 50 million tons of manure last year, with most of it being repurposed as compost and liquid fertilizer, according to a government survey. The Ministry of Agriculture, Food and Rural Affairs announced on April 24 the results of its 2023 livestock environmental survey, [...]
SEOUL, Apr. 24 (Korea Bizwire) – A new analysis has found that workplaces offering amenities beyond just high salaries, such as flexible schedules and opportunities for growth, tend to employ more young, highly educated women, according to a report from the Bank of Korea released on April 23. The report, titled “Preferences for Job Amenities and [...]
SEOUL, Apr. 24 (Korea Bizwire) – More than 9 out of 10 users of KakaoPay, a popular mobile payment service in South Korea, believe that married couples should share at least a portion of their assets, according to a recent poll conducted by the company. KakaoPay revealed on April 23 the results of a survey conducted [...]
BUSAN, Apr. 24 (Korea Bizwire) – Eight out of ten South Koreans perceive their country as a maritime nation and believe that establishing long-term plans and expanding research and development (R&D) efforts are crucial steps toward becoming a maritime powerhouse, according to a survey conducted by the Korea Maritime Institute (KMI). Marking its 40th anniversary, the [...]