SEOUL, June 25 (Korea Bizwire) — More than 8.47 million South Koreans—including freelancers, gig workers, and platform laborers—now make up a major portion of the labor market, yet remain largely excluded from the country’s national pension system, a new government report has found. The Korea Institute for Health and Social Affairs (KIHASA) released a report [...]
SEOUL, June 25 (Korea Bizwire) – More than 20 million people in South Korea received prescriptions for medical narcotics last year, reflecting a steady rise in usage across the population, according to a new government report released Tuesday. The Ministry of Food and Drug Safety and the Korea Institute of Drug Safety & Risk Management [...]
SEOUL, June 25 (Korea Bizwire) — More than half of recent South Korean college graduates view the private sector’s growing preference for experienced hires as a major obstacle to entering the job market, according to a new report by the Korea Chamber of Commerce and Industry (KCCI). In its analysis of 144,181 job postings listed [...]
SEOUL, June 25 (Korea Bizwire) – Once the dominant force in South Korea’s imported vehicle market, diesel-powered passenger cars are facing a steep decline as consumers increasingly turn to cleaner alternatives. According to data released Tuesday by the Korea Automobile Importers & Distributors Association (KAIDA), only 1,469 imported diesel passenger vehicles were sold in South [...]
SEOUL, June 24 (Korea Bizwire) — Samsung Electronics has officially introduced the Exynos 2500, its most advanced smartphone processor to date, signaling a major leap in chip design and manufacturing ahead of next month’s Galaxy Unpacked event in New York. Detailed on Samsung’s official website, the Exynos 2500 is the first smartphone application processor (AP) to [...]
SEOUL, June 24 (Korea Bizwire) — Daemyung Sono Group virtually completed its acquisition of T’way Air Co. on Tuesday by holding an extraordinary shareholders’ meeting and appointing a new board of directors for the low-cost carrier. T’way Air held the extraordinary shareholders’ meeting at its aviation training center in Seoul and approved the appointment of [...]
SEOUL, June 24 (Korea Bizwire) — As inflation continues to pressure South Korean consumers, a new wave of subscription price hikes across major streaming platforms—dubbed “streamflation”—is intensifying household budget strain and fueling public backlash. Netflix Korea recently raised its ad-supported standard plan from 5,500 won to 7,000 won per month and its basic plan from [...]
SEOUL, June 24 (Korea Bizwire) – As inflation continues to weigh heavily on South Korean households, major retailers are adopting a “reverse pricing” strategy—setting a target sale price first and working backward to meet it—reshaping how goods are planned, priced, and sold. Rather than determining prices based on production costs and margins, companies like E-Mart, [...]
Over 30% of New Mothers of Twins in South Korea Suffer from Severe Depression, Survey Finds SEOUL, June 24 (Korea Bizwire) – A new survey reveals that more than 30 percent of South Korean mothers within 12 weeks of delivering twins are experiencing severe postpartum depression, underscoring the urgent need for greater mental health support for [...]
SEOUL, June 24 (Korea Bizwire) — As South Korea moves to tighten emissions standards for new buildings, including private apartments starting later this month, policymakers are looking to timber-based construction as a viable path toward carbon neutrality in the housing sector. A new report from the Korea Land and Housing Corporation (LH) underscores the urgency [...]