SEOUL, April 29 (Korea Bizwire) — Only about half of businesses in 100 key service sectors closely tied to people’s daily lives — such as hair salons and grocery stores — survive after their first three years, government data showed Tuesday. According to data compiled by the National Tax Service (NTS), the three-year survival rate [...]
GIMCHEON, April 29, (Korea Bizwire) — As wildlife activity increases in the spring months, South Korea’s highway authority is urging drivers to exercise heightened caution to prevent animal-vehicle collisions, known as roadkill incidents. The Korea Expressway Corporation said Monday that drivers should be particularly alert during May and June, when wildlife crossings on highways peak. [...]
SEOUL, April 29, (Korea Bizwire) — South Korea’s overall disability employment rate saw a modest improvement in 2024, but private-sector companies continue to lag behind their mandatory hiring targets, government data showed Monday. According to the Ministry of Employment and Labor, as of the end of 2024, the average disability employment rate across 32,692 public [...]
SEOUL, April 29, (Korea Bizwire) — The fallout from a major hacking incident at SK Telecom is set to trigger a significant environmental cost, with greenhouse gas emissions from mass SIM card replacements projected to reach thousands of tons, according to industry estimates released Monday. Approximately 23 million SK Telecom subscribers and an additional 1.87 [...]
SEOUL, April 24 (Korea Bizwire) — One in three South Korean women have experienced physical or sexual violence at least once during their lifetime, a government survey showed Thursday. The gender ministry said the survey conducted in-person on 7,027 female adults nationwide from September to November last year showed that 36.1 percent of women had [...]
SEOUL, April 24 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said Thursday its net income more than tripled in the first quarter from a year earlier on increased sales and strong demand for high-value vessels. The consolidated net profit of South Korea’s top shipyard came to 611.6 billion won (US$427.8 [...]
SEOUL, April 24, (Korea Bizwire) — Rising life expectancy in South Korea is contributing to a notable decline in consumer spending, as more individuals prioritize saving for retirement over immediate consumption, according to a new report released on April 23, 2025, by the Korea Development Institute (KDI). The report, titled “The Impact of Demographic Factors [...]
SEOUL, April 23, (Korea Bizwire) — For the first time, women working at South Korea’s top 500 companies earned more than 70 percent of what their male counterparts make, according to a new report signaling slow but steady progress in narrowing the corporate gender pay gap. The report, released April 22, 2025, by corporate analysis [...]
SEOUL, April 23, (Korea Bizwire) — Nearly one-third of insurance policies in South Korea are canceled within two years, with long-term contract retention rates significantly trailing those of major global markets, according to a report released April 22, 2025, by the Financial Supervisory Service (FSS). The report, titled “2024 Insurance Sales Channel Performance and Supervision [...]
SEOUL, April 22, (Korea Bizwire) — South Korea’s per capita health insurance spending rose by 28% over the past decade, driven largely by higher treatment costs rather than more frequent medical visits, according to a report released Monday by the Korea Development Institute (KDI). The report, titled “Factors Behind Health Insurance Spending Growth and Policy [...]