SEOUL, June 2 (Korea Bizwire) — South Koreans are spending a smaller share of their income than they did a decade ago, signaling deeper shifts in household behavior amid demographic and economic changes, according to a new report released by the Korea Chamber of Commerce and Industry (KCCI). The report, titled “Changes in Consumption Propensity by [...]
SEOUL, June 2 (Korea Bizwire) – Despite legal protections for maternity and parental leave in South Korea, new data reveals that many workers—particularly non-regular employees—continue to face pressure and retaliation for attempting to exercise these rights. The labor advocacy group Gapjil 119 on Sunday disclosed 58 cases of workplace mistreatment related to childbirth and parenting over [...]
SEOUL, May 31 (Korea Bizwire) — Parking issues remain the leading source of frustration for apartment dwellers in South Korea, according to a new analysis of resident complaints filed through a popular apartment management platform. Apartmenti, a residential service app, revealed Friday that parking-related grievances accounted for 33% of the more than 100,000 complaints submitted [...]
SEOUL, May 31 (Korea Bizwire) — The global gene therapy market is projected to soar to $36.6 billion (approximately 50 trillion won) by 2032, growing at a compound annual rate of 19.4%, according to a report released by the Korea Biotechnology Industry Organization on Thursday. Citing research from U.S. market analysis firm MarketsandMarkets, the report [...]
SEOUL, May 31 (Korea Bizwire) — The accelerating shift from traditional pay TV to online streaming platforms is deepening South Korea’s cord-cutting trend, as the number of pay TV subscribers continued to decline in the second half of 2024. According to a report released Thursday by the Ministry of Science and ICT, the total number [...]
SEOUL, May 30 (Korea Bizwire) — South Korea’s economy showed renewed signs of weakness in April, with industrial production, consumption, and investment all posting declines — the first “triple minus” since January — as the impact of new U.S. auto tariffs begins to ripple through key sectors. According to data released Friday by Statistics Korea, [...]
SEOUL, May 30 (Korea Bizwire) — The number of homes in South Korea owned by foreign nationals surpassed 100,000 for the first time in 2024, with Chinese buyers accounting for more than half, according to data released Friday by the Ministry of Land, Infrastructure and Transport. As of December 2024, foreigners owned 100,216 residential properties across [...]
SEOUL, May 30, 2025 (Korea Bizwire) — The number of South Koreans enrolling in government-run smoking cessation clinics has halved over the past decade, while quit rates have also dropped significantly — raising concerns about waning public engagement with anti-smoking efforts. According to new data from the Ministry of Health and Welfare and the Korea [...]
SEOUL, May 30 (Korea Bizwire) — Smoking-related deaths in South Korea exceeded 70,000 in 2022, with the associated socioeconomic costs reaching 13.6 trillion won (approximately $10 billion), according to new government data released Friday. The Korea Disease Control and Prevention Agency (KDCA) said the figures were derived from an analysis of cohort studies and national mortality [...]
SEOUL, May 30 (Korea Bizwire) — A new study suggests that students from higher socioeconomic backgrounds in South Korea are significantly more likely to take multiple gap years (“N-sus”) and enter university through standardized test-based admissions — raising concerns that recent reforms aimed at fairness may be deepening educational inequality. According to a report published [...]