SEOUL, Oct. 13 (Korea Bizwire) — Nearly 70 percent of South Korean workers believe it is difficult for women to become corporate executives, reflecting persistent gender inequality in the country’s workplace culture, according to a new survey. The poll, conducted by labor rights group Workplace Gapjil 119 and research firm Global Research, surveyed 1,000 employees nationwide [...]
South Korea’s Electric Vehicle Fleet Surpasses 800,000 as Green Transition Accelerates SEOUL, Oct. 9 (Korea Bizwire) — South Korea’s shift toward eco-friendly mobility is gathering pace, with the country’s electric vehicle (EV) registrations surpassing 820,000 as of August, government data showed Thursday. According to the Ministry of Land, Infrastructure and Transport, a total of 822,081 electric [...]
SEOUL, Oct. 9 (Korea Bizwire) — South Korea’s imports of coffee beans jumped sharply from a year earlier in 2024, with imports this year widely expected to reach an all-time high, customs data showed Thursday. Imports of coffee beans, including both raw and roasted products, came to US$1.24 billion last year, up 13 percent from $1.1 billion the previous year, [...]
SEOUL, Oct. 7 (Korea Bizwire) — The value of U.S. dollar–pegged stablecoins held by South Korea’s major cryptocurrency exchanges has more than doubled over the past year, underscoring the rapid expansion of digital asset trading — and prompting renewed concerns over unmonitored capital flows. According to data submitted by the Financial Supervisory Service to Rep. [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korean trading companies have lost more than 130 billion won (US$96 million) to foreign exchange-related trade fraud in the past four years, underscoring persistent vulnerabilities in international transactions, according to data released by the Financial Supervisory Service (FSS) on Wednesday. Between 2021 and the first half of 2025, [...]
SEOUL, Oct. 2 (Korea Bizwire) — Nearly four in ten foreign companies operating in South Korea view the new government’s labor policies unfavorably, with particular concern over the recently enacted “Yellow Envelope Law,” a survey shows. According to a poll released Wednesday by the Korea Foreign Enterprises Association (KOFA), 41 percent of the 100 foreign-invested [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s largest conglomerates have sharply increased their lobbying expenditures in the United States, more than doubling their spending in the past five years as they navigate regulatory pressures, trade disputes, and large-scale investments in America. According to new data released Wednesday by corporate tracker CEO Score, 52 Korean [...]
SEOUL, Oct. 1 (Korea Bizwire) — Online shopping in South Korea surged to its highest level for any August on record, fueled by booming Tesla sales and growing appetite for food services, government data showed Wednesday. Total online transactions reached 22.48 trillion won (US$15.56 billion) in August, up 6.6 percent, or 1.39 trillion won, from [...]
SEOUL, Sept. 25 (Korea Bizwire) — Delinquency rates at South Korea’s major credit card companies hit an 11-year high in the first quarter amid an economic slowdown, the central bank said Thursday. The delinquency rate on loan assets at the major card firms came to 2.3 percent as of end-March, the highest since 2014, according [...]
SEOUL, Sept. 19 (Korea Bizwire) — A government-backed consumer coupon program has driven a notable increase in sales at South Korea’s smallest merchants while also lifting household spending among shop owners, Shinhan Card said Thursday. An analysis by the company’s Big Data Research Center found that after the rollout of the “livelihood recovery consumer coupons,” [...]