SEOUL, Aug. 12 (Korea Bizwire) — South Korea’s job market has continued to tighten, with the number of job openings per job seeker falling to just 0.4 in July 2025, the lowest level in 26 years. This marks a significant decline, with the number of job openings per seeker reaching its lowest point since July 1999, [...]
SEOUL, Aug. 12 (Korea Bizwire) — The average age of chief executive officers (CEOs) at South Korea’s largest companies has fallen below 60 for the first time, signaling a shift toward younger leadership in the country’s corporate landscape, according to new industry data released Tuesday. The latest figures from corporate tracker Leaders Index show that the [...]
SEOUL, Aug.11 (Korea Bizwire) – In a stark contrast to SK Telecom’s sharp decline, KT and LG U+ posted strong financial results for Q2 2025, despite the ongoing challenges in the telecom sector. SK Telecom’s operating profit dropped by 37.1% year-on-year, falling to 338.3 billion won, largely due to the aftermath of a major hacking [...]
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 [...]
SEOUL, Aug. 4 (Korea Bizwire) – Lotte Chilsung Beverage Co. said Monday its second-quarter net profit rose nearly 32 percent from a year earlier, driven by improved exports of key products. Net profit came to 27.7 billion won (US$20 million) for the April-June period, up 31.6 percent from a year earlier, the company said in [...]
SEOUL, Aug. 4 (Korea Bizwire) — More than 6 in 10 South Koreans gave a positive assessment of the trade deal reached last week between Seoul and Washington, a poll showed Monday. According to the survey conducted by Realmeter on 1,016 adults aged over 18 on Friday, 63.9 percent said they viewed the deal positively, [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s top 92 conglomerates now operate more than 6,360 overseas affiliates across 131 countries, with the United States accounting for the largest share at over 26%, according to a new report from the Korea CXO Institute released on Thursday. The number of foreign subsidiaries grew by nearly 200 [...]
SEOUL, July 30 (Korea Bizwire) — South Korea’s credit card spending rose sharply in the second quarter of 2025, buoyed by recovering consumer sentiment and optimism over potential economic stimulus measures in the second half of the year. According to data released Wednesday by the Credit Finance Association, total card-approved transactions reached 313 trillion won [...]
SEOUL, July 30 (Korea Bizwire) — August has emerged as the deadliest month for drowsy driving-related fatalities in South Korea, with the summer vacation season and long-distance travel contributing to a sharp rise in accidents, according to data released Wednesday by the National Police Agency. Between 2020 and 2024, a total of 9,559 drowsy driving [...]
SEOUL, July 28 (Korea Bizwire) — Eco-friendly vehicle registrations in South Korea have surpassed the 3-million mark for the first time, driven by rising demand for hybrid and electric vehicles (EVs), government data showed Monday. According to the data from the transport ministry, the cumulative number of registered vehicles nationwide stood at 26.41 million as [...]