SEOUL, Apr. 15 (Korea Bizwire) — More than 7 in 10 South Koreans in their 20s and 30s profess a lack of confidence in the national pension system, citing concerns over population decline and the potential depletion of funds, according to a government study released on April 14. The Korean Women’s Development Institute surveyed 1,152 people [...]
SEOUL, Apr. 15 (Korea Bizwire) — Despite a significant drop in sales for major online luxury goods platforms in South Korea due to the economic downturn, the pre-owned luxury market has shown resilience, even setting a record transaction volume last month in line with the start of the new school year, industry data showed on April [...]
SEOUL, Apr. 15 (Korea Bizwire) — A striking 8 out of 10 South Koreans in their 20s and 30s have yet to achieve financial independence from their parents, according to a recent survey by the job platform Jinhaksa Catch. The respondents cited a lack of stable income due to employment challenges as the primary reason for [...]
SEOUL, Apr. 12 (Korea Bizwire) – The district of Jung-gu in Incheon has launched a mobile application aimed at preventing isolated deaths among its growing population of single-person households, officials announced on Tuesday. The “Safe eJung-gu” app is designed to automatically send emergency text message alerts to pre-registered guardians if the user, deemed at high risk [...]
SEOUL, Apr. 11 (Korea Bizwire) – The walking trails of Seoul’s Botanic Park are capturing the attention of visitors with their vibrant displays of colorful tulips and fields filled with yellow and white daffodils. The Seoul Botanic Park announced on April 10 that a total of 150,000 bulbs, including tulips, daffodils, and hyacinths planted last winter, [...]
SEOUL, Apr. 10 (Korea Bizwire) – As populations around the world continue to age, a new study by researchers at the Korea Advanced Institute of Science and Technology (KAIST) has revealed a complex interplay between this demographic shift and a community’s ability to adapt to climate change – a first-of-its-kind global analysis. The research team, led [...]
SEOUL, Apr. 10 (Korea Bizwire) – Samsung Electronics has launched the “Essential” music curation service from NHN Bugs on its smart TV app store, providing a unique audio-visual experience tailored exclusively for Samsung TV users. The “Essential” application offers specially curated playlists that can only be enjoyed on Samsung TVs, accompanied by visually captivating background designs [...]
SEOUL, Apr. 9 (Korea Bizwire) – Eight out of 10 customers who purchased a washing machine or dryer from LG Electronics’ retail stores in South Korea this year opted for combination washer-dryer units, the company announced on April 8. The popularity of the all-in-one laundry appliances, which handle both washing and drying cycles, reflects their space [...]
SEOUL, Apr. 9 (Korea Bizwire) – South Koreans can now receive over 1,000 types of national professional certifications and training credentials in the form of blockchain-based “digital badges,” the Human Resources Development Service of Korea announced on April 8. Through the newly revamped mobile Q-Net electronic wallet service, anyone can obtain, store and submit these certifications [...]
SEOUL, Apr. 9 (Korea Bizwire) – The Seoul Metropolitan Government has completed construction of the “Jamsil Natural Water Playground” in Jamsil Hangang Park and opened it to the public, officials announced on April 8. The new playground is the first fruit of the city’s “Great Han River Project” aimed at restoring the natural environment along the [...]