SEOUL, April 9 (Korea Bizwire) — Global demand for electric vehicle (EV) batteries rose sharply in the first two months of 2025, driven largely by the continued expansion of China’s battery giants, even as the broader EV market faces a temporary slowdown, often referred to as the “EV chasm.” South Korea’s major battery manufacturers, however, [...]
SEOUL, April 8 (Korea Bizwire) — As generative AI tools like ChatGPT become increasingly common in job applications, hiring professionals are struggling to assess the true capabilities of candidates, raising new questions about fairness, authenticity, and the future of recruitment. A recent survey by U.S.-based career platform ResumeGenius, which polled 1,000 hiring managers, reveals that [...]
SEOUL, April 8 (Korea Bizwire) — A wave of tuition increases at South Korean private universities this semester has emerged as a key driver of inflation, with fears mounting that more institutions—particularly public ones—may follow suit in 2026, deepening financial strain on students and households. According to government data, tuition hikes at nearly 70% of [...]
SEOUL, April 7 (Korea Bizwire) — Almost four-fifths of South Koreans say they accepted the Constitutional Court’s verdict that removed former President Yoon Suk Yeol from office over his brief martial law declaration in December, a survey showed Monday. The poll, conducted by Realmeter on 1,516 adults aged over 18 from Wednesday to Friday, found [...]
SEOUL, April 7 (Korea Bizwire) — Hyundai Motor and Kia have exceeded 500,000 cumulative electric vehicle (EV) sales in South Korea, marking a significant milestone in the automakers’ transition toward electrification. The figure comes nearly 14 years after Hyundai introduced its first mass-produced EV, the BlueOn, in July 2011. According to data released Sunday, total domestic [...]
SEOUL, April 7 (Korea Bizwire) — A significant majority of South Korean workers believe that nationwide protests calling for the impeachment of former President Yoon Suk-yeol have contributed positively to the development of the country’s democracy, according to a new survey released Sunday. The poll, conducted by research firm Global Research on behalf of the labor [...]
SEOUL, April 6 (Korea Bizwire) — South Korea ranked 29th out of 37 major economies in terms of economic growth during the fourth quarter of 2024, as weak domestic demand and heightened political uncertainty weighed on the nation’s performance, a central bank report showed Sunday. Asia’s fourth-largest economy posted real gross domestic product (GDP) growth [...]
DAEJEON, April 3 (Korea Bizwire) — More than 10 percent of the world’s farmland could disappear if global temperatures rise by 1.5 degrees Celsius, according to a new study by South Korean and Chinese researchers, raising urgent concerns about future food security under current climate goals. The joint research, led by Professor Hae-Won Jeon of [...]
SEOUL, April 3 (Korea Bizwire) — A decade-long analysis by the Korea Economic Research Institute (KERI) has revealed that low-income households in South Korea have borne a disproportionately heavier burden from rising prices, primarily due to steep increases in food and housing costs. The study, released Wednesday, examined consumer-perceived inflation across income brackets from 2014 [...]
SEOUL, April 2 (Korea Bizwire) — South Koreans visited outpatient clinics an average of 18 times per person in 2024, excluding dental care, a figure nearly three times higher than the average among OECD member nations, according to a government report released Tuesday. The data, compiled by the Health Insurance Review and Assessment Service (HIRA), marks [...]