SEOUL, July 12 (Korea Bizwire) — South Korea’s young population is facing a looming retirement crisis due to alarmingly low enrollment in the national pension system, according to a new report from the National Pension Research Institute, released Friday. The report, titled “Strategies to Expand National Pension Coverage for Young Adults,” highlights a combination of [...]
SEOUL, July 11 (Korea Bizwire) — Korean Air Co., South Korea’s leading air carrier, said Friday its net profit for the second quarter grew 13.4 percent from a year earlier thanks to stable demand in the company’s passenger services. The company’s net profit for the April-June period totaled 395.9 billion won (US$288.1 million) on a [...]
SEOUL, July 11 (Korea Bizwire) — Despite rising health concerns, just over a quarter of South Korean adults meet the recommended levels of physical activity, placing the country well above the global average for physical inactivity, according to a new government report. The Korea Disease Control and Prevention Agency (KDCA) revealed Wednesday that only 26.6% [...]
SEOUL, July 11 (Korea Bizwire) — Amid a tough job market, only a third of South Korean office workers who sought new positions in the first half of 2025 succeeded in making a job switch, according to a new survey. Career platform Saramin reported Wednesday that just 28 percent of job changers were able to [...]
SEOUL, July 10 (Korea Bizwire) — The number of foreigners coming to South Korea to get a job fell for the first time in four years in 2024 as labor demand fell in the country amid an economic slowdown, data showed Thursday. In 2024, 164,000 foreign nationals came to Korea with a working visa, down [...]
SEOUL, July 10 (Korea Bizwire) — South Korea is weighing a significant pension reform that could bring platform workers — such as food delivery riders and chauffeur-for-hire drivers — under the same pension contribution scheme as regular employees, with their platforms potentially covering half of their premiums. A new report released Tuesday by the National [...]
SEOUL, July 10 (Korea Bizwire) — South Korea’s largest corporations continue to invest heavily in emerging technologies such as artificial intelligence and big data, but their spending on cybersecurity remains strikingly low — averaging just 0.1% of total revenue, according to new industry data. A study released Wednesday by corporate research firm CEO Score analyzed [...]
SEOUL, July 10 (Korea Bizwire) — A new analysis has revealed stark disparities in the lives of older South Koreans with disabilities, with nearly four in ten living alone and facing significantly higher levels of social isolation compared to their non-disabled peers. According to a report released Wednesday by the Korea Disabled People’s Development Institute [...]
SEOUL, July 9 (Korea Bizwire) — The number of South Korean children diagnosed with depression has more than doubled in the past five years, raising urgent concerns about youth mental health and the need for early intervention. According to data released Wednesday by the Elementary Teachers’ Union, the number of depression diagnoses among elementary school-aged [...]
SEOUL, July 9 (Korea Bizwire) – Mobile game sales generated from South Korean companies fell 13 percent from a year earlier in the first half of 2025, industry data showed Wednesday. Combined sales of local gaming companies from January to June totaled 3.3 trillion won (USD$2.4 billion), down from 3.8 trillion won a year earlier, [...]