SEOUL, Nov. 16 (Korea Bizwire) – Police have apprehended over 3,000 suspects in connection with online sex crimes over the past year, with nearly half of them in their teens, officials said Sunday. The National Police Agency (NPA) has detected 3,411 online sexual abuse cases between November 2024 and October this year, effectively detaining 3,557 [...]
SEJONG, Nov. 14 (Korea Bizwire) — South Korea’s housing wealth gap continued to widen last year as expensive homes climbed further in value while lower-priced properties lost ground, according to new government data released Friday. The National Data Office said the price difference between the top 10 percent and bottom 10 percent of homes ballooned to [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s venture investment market showed clear signs of recovery this year, with both venture investments and fund formation rising by double digits through the third quarter, government data showed Thursday. According to the Ministry of SMEs and Startups, total venture investment reached 9.8 trillion won (US$7.1 billion) between January [...]
SEJONG, Nov. 13 (Korea Bizwire) — Fewer South Koreans say they plan to give anything back when they’re gone. Only about one in five now say they would leave part of their estate to society, the lowest share in more than a decade of record-keeping. The figure—22.2 percent, according to the National Data Agency’s latest Social [...]
SEOUL, Nov. 13 (Korea Bizwire) — A new survey has found that South Korean doctors work more than 2,300 hours a year on average, prompting calls from the medical community for more accurate assessments of working conditions before the government determines future medical school quotas. At a conference hosted Wednesday by the Korean Medical Association’s Research [...]
SEOUL, Nov. 11 (Korea Bizwire) — More than one in four South Korean households expect their financial situation to improve next year, even as a growing share of the population reports feeling lonely, according to a government survey released Tuesday. The biennial survey, conducted by the Ministry of Data and Statistics, found that 27 percent of [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korea’s five largest business groups now make up more than half of the country’s total stock market capitalization, reflecting the scale of their influence amid a sharp rally in equities this year. The combined market value of listed affiliates under Samsung, SK, Hyundai Motor, LG and HD Hyundai accounted [...]
SEOUL, Nov. 10 (Korea Bizwire) – South Korean companies’ operating profitability relative to their assets has nearly halved over the past two decades, a report showed Monday. According to the report by the Korea Chamber of Commerce and Industry (KCCI), the operating return on assets (OROA) of the country’s top 1,000 companies by sales fell [...]
SEOUL, Nov. 6 (Korea Bizwire) — The number of marriages between South Koreans and foreign nationals rose for a third consecutive year in 2024, continuing a steady recovery from the pandemic-era slump, government data showed Thursday. According to the Ministry of Data and Statistics, a total of 21,450 international marriages were registered last year, up about [...]
SEOUL, Nov. 6 (Korea Bizwire) — Nearly 70 percent of baby boomers living in the Seoul metropolitan area said they would be willing to relocate to regional areas if jobs at small and medium-sized enterprises were available, according to a survey released Wednesday by the Korea Economic Association (FKI). The survey, conducted in September by Mono [...]