SEJONG, August 6 (Korea Bizwire) — South Korea’s elderly workforce continues to grow, with the number of economically active people aged 55 to 79 surpassing 10 million for the first time, fueled by longer life expectancies, rising living costs, and inadequate pension income, according to new government data released Tuesday. The report, published by Statistics [...]
SEOUL, Aug. 6 (Korea Bizwire) — South Korea’s leading display makers on Wednesday unveiled strategies to overcome the industry’s so-called chasm, or temporary demand plateau, by utilizing cutting-edge organic light-emitting diode (OLED) products and artificial intelligence (AI) technologies. LG Display Co. and Samsung Display Co. shared their visions during the 2025 Display Business Forum held [...]
SEOUL, Aug. 6 (Korea Bizwire) — Samsung E&A Co., a plant engineering arm of Samsung Group, said Wednesday it has won a 36 billion-won (US$26 million) order for the initial design and planning of a liquefied natural gas (LNG) project in Indonesia. Under a letter of award, the company will carry out front-end engineering design [...]
SEOUL, August 6 (Korea Bizwire) — South Korea’s top 100 publicly listed companies have significantly ramped up shareholder returns, with total payouts rising by more than 35% over the past two years, according to new data released Wednesday by corporate tracker CEO Score. The report found that shareholder returns — including dividends and share buybacks [...]
SEOUL, August 6 (Korea Bizwire) – A new study by South Korea’s National Pension Research Institute has challenged a widely held assumption that the country’s economic and labor trends will eventually converge with those of advanced economies like the United States and Japan. In a report titled “A Study on the Convergence of Demographic and [...]
SEOUL, Aug. 5 (Korea Bizwire) — South Korean internet giant Naver Corp. said Tuesday it has decided to fully acquire Spanish online marketplace Wallapop as part of a broader strategy to expand its social commerce business overseas. Naver will invest 604.5 billion won (US$435.2 million) to acquire an additional 70.5 percent stake in the Spanish [...]
Highland growers in Gangwon face mounting losses as warming temperatures and extreme weather push summer cabbage to the brink GANGNEUNG, August 5 (Korea Bizwire) — Once known for its cool summer breezes and starlit skies, the alpine cabbage fields of Anbandegi in Gangwon Province—South Korea’s largest high-altitude farming zone—are now at the frontline of climate [...]
SEOGWIPO, August 5 (Korea Bizwire) — A rare sighting of white swallow chicks perched on a power line in Daepo-dong, Seogwipo, on Jeju Island drew local attention on Monday morning, as the young birds awaited food from their mother. White swallows are considered omens of good fortune in East Asian folklore. Their unusual appearance is [...]
Experts call for targeted, integrated mental health strategies as older adults face higher suicide risk and lower access to care SEOUL,August 5 (Korea Bizwire) — More than 18,000 South Koreans aged 65 and older died by suicide over the past five years, averaging more than 10 deaths per day, according to new findings that highlight [...]
SEOUL, Aug. 5 (Korea Bizwire) — South Korea’s largest companies now employ more workers in their 50s than in their 20s, a demographic shift that underscores slowing youth hiring amid persistent economic headwinds. As of the end of 2024, employees in their 20s accounted for 19.8% of the workforce at 124 major companies tracked [...]