SEOUL, July 24 (Korea Bizwire) — As South Korea debates a proposal to raise the statutory retirement age from 60 to 65, a new survey reveals a stark generational divide over how such a change could impact youth employment. According to findings released Wednesday by the Korea Employers Federation (KEF), 61.2% of unemployed young job [...]
SEOUL, July 24 (Korea Bizwire) — South Korea’s domestic AI industry is demonstrating impressive progress, producing globally recognized models despite limited access to computing infrastructure and top-tier talent. Industry analysts say the recent string of successes strengthens Seoul’s broader goal of becoming a top-three global AI power by developing its own sovereign AI capabilities. According [...]
SEOUL, July 24 (Korea Bizwire) – Restaurants remained the most common workplace for South Korean teenagers working part-time jobs last year, but new data suggests significant changes in youth employment patterns over the past decade. According to a study released Tuesday by the National Youth Policy Institute, 39.3% of middle and high school students who worked [...]
SEOUL, July 23 (Korea Bizwire) — Samsung Biologics Co. said Wednesday its second-quarter net profit gained slightly on-year, backed by increased production output at its latest facilities. Samsung Biologics’ net profit for the April-June period gained 2 percent on-year to 324.4 billion won (US$235.1 million), the company said in a regulatory filing. Operating profit rose [...]
SEOUL, July 23 (Korea Bizwire) – Elderly individuals in South Korea who receive greater social support are significantly more likely to prepare for the end of life — including writing wills, completing advance directives, and planning funerals — according to new research released Tuesday by the Korean Public Health Association. A team from Eulji University’s [...]
BUSAN, July 23 (Korea Bizwire) — South Korean car-sharing platform SoCar announced Wednesday that Busan’s Haeundae Beach ranked as the country’s most visited beach last summer, based on vehicle stop data collected during the peak travel months of July and August. The analysis tracked vehicles that remained parked with engines off for 30 minutes to [...]
SEOUL, July 23 (Korea Bizwire) — Cheil Worldwide, in collaboration with the World Wide Fund for Nature (WWF), has unveiled a striking environmental campaign titled the “Trash Fashion Show” to raise awareness about the devastating effects of plastic pollution on wildlife. The campaign features AI-generated visuals resembling high-fashion runway shoots, depicting animals entangled in human [...]
SEOUL, July 23 (Korea Bizwire) — Kia Corp. has unveiled key features of its PV5 purpose-built vehicle (PBV), highlighting the model’s class-leading interior space but with compact exterior dimensions, the company said Wednesday. The PV5 is a mid-sized PBV built on Hyundai Motor Group’s dedicated electric platform E-GMP.S, and designed to serve both personal and [...]
SEOUL, July 23 (Korea Bizwire) — Despite decades of reforms aimed at strengthening corporate governance, a new analysis reveals that South Korea’s outside directors—soon to be renamed “independent directors”—overwhelmingly rubber-stamped board proposals in 2023, with only a handful showing independent judgment. According to data from the Financial Supervisory Service released Sunday, 122 listed affiliates of [...]
SEOUL, July 23 (Korea Bizwire) — South Koreans report lower satisfaction with domestic travel compared to overseas vacations, primarily due to high local prices and a lack of distinctive tourist content, according to a new survey released by the Korea Economic Research Institute on Monday. The nationwide survey, conducted by Mono Research, polled 1,000 adults [...]