SEOUL, June 9 (Korea Bizwire) — South Korea’s labor market showed clear signs of softening last month, with the number of job openings per job seeker hitting its lowest May level since the 1998 IMF crisis, and the growth in employment insurance enrollments falling to a five-year low, government data showed Monday. According to the [...]
SEOUL, June 9 (Korea Bizwire) — Elderly South Koreans with lower incomes are significantly more likely to eat meals alone—and that isolation is closely linked to higher levels of depression, a new academic study has found. Published in the latest issue of the Korean Journal of Gerontology, the study titled “A Path Analysis of Income, [...]
SEOUL, June 9 (Korea Bizwire) — More South Korean men are taking paternity leave, but the majority continue to come from large companies, highlighting persistent disparities in access to parental benefits based on workplace size, a new study has found. According to a report released Sunday by the Korea Institute for Health and Social Affairs, [...]
SEOUL, June 9 (Korea Bizwire) – Kia Corp. on Monday unveiled the specifications and pricing for the PV5, the automaker’s first-ever electric purpose-built vehicle (PBV), and said it will begin accepting preorders this week. 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 [...]
SEOUL, June 9 (Korea Bizwire) — South Korean chip giant SK hynix Inc. ranked first in operating profit among 1,000 major listed firms here in 2024, surpassing its longtime rival Samsung Electronics Co. for the first time, a corporate tracker said Monday. According to CXO Institute, which surveyed the earnings results of the top 1,000 [...]
SEOUL, June 9 (Korea Bizwire) — Comedian LeeKyung-gyu is being investigated by police for allegedly driving under the influence with someone else’s car earlier this week, officials said Monday. The 64-year-old veteran comedian reportedly drove the vehicle, which was the same model as his own, on Sunday after a valet mistakenly gave him the wrong [...]
SEOUL, June 9 (Korea Bizwire) — Just days into his presidency, Lee Jae-myung is facing a cautiously optimistic public. According to a new Realmeter survey released Monday, nearly 6 in 10 South Koreans believe the newly inaugurated leader will perform well in managing state affairs. Yet the number reflects a more tempered confidence compared to [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s rapidly aging population is reshaping the country’s most common reasons for hospitalization, overtaking once-dominant childbirth-related admissions, according to newly released health data. The Health Insurance Review and Assessment Service (HIRA) announced on June 8 that the most common cause of hospitalization covered by the national health insurance system [...]
SEOUL, June 9 (Korea Bizwire) — A majority of South Korean exporters recognize the need to employ artificial intelligence (AI) in their businesses to boost efficiency, but only a small fraction are actively utilizing the technology, a survey showed Monday. According to the survey conducted from Feb. 17-19 by the Korea International Trade Association (KITA), [...]
SEOUL, June 9 (Korea Bizwire) — While the overall incidence of sexual harassment in South Korean workplaces has declined slightly, a new government report reveals a troubling surge in online abuse—a shift attributed to the rise in remote and hybrid work settings. According to a triennial survey released Monday by the Ministry of Gender Equality [...]