SEOUL, April 1 (Korea Bizwire) — More than half of South Korea’s social welfare workers say they have experienced workplace bullying in the past year, according to a new survey released ahead of Social Workers’ Day (March 30)—raising alarm about deteriorating conditions in one of the country’s most vital care sectors. The civic group Gabjil 119, [...]
SEOUL, April 1 (Korea Bizwire) — More than seven in ten South Koreans view the potential privacy risks associated with artificial intelligence (AI) as serious, according to a new national survey released Sunday by the Personal Information Protection Commission. The 2024 Personal Data Protection and Utilization Survey, conducted between September and December of last year, gathered [...]
SEOUL, April 1(Korea Bizwire) — The number of executives at South Korea’s top 30 conglomerates declined last year amid an economic slowdown, while that of employees increased, a market tracker said Tuesday. According to an analysis of 2024 business results released by 235 affiliates of the 30 conglomerates, the number of executives at the 235 [...]
SEOUL, April 1 (Korea Bizwire) — South Korea’s young adults are grappling with limited income, high debt burdens, and increasing living costs, according to the newly released 2024 Youth Financial Status Survey by the Korea Inclusive Finance Agency. The average annual income among young people aged 19 to 34 stood at ₩30.92 million (approximately $21,000 as [...]
SEOUL, April 1 (Korea Bizwire) — For the first time, a majority of South Korea’s top 100 publicly listed non-financial companies are paying their employees an average annual salary of over ₩100 million, signaling a sharp rise in corporate pay and deepening the wage gap between large conglomerates and smaller businesses. A comprehensive review of [...]
SEOUL, March 30 (Korea Bizwire) — The number of virtual asset investors in South Korea has surpassed 16 million, drawing close to overtaking the number of stock investors in the country, data showed Sunday. A total of 16.29 million people had accounts at the top five domestic virtual asset exchanges — Upbit, Bithumb, Coinone, Korbit [...]
SEOUL, March 30 (Korea Bizwire) — The number of users of generative artificial intelligence (AI) services in South Korea nearly doubled from a year earlier in 2024, government data showed Sunday. In a survey on internet usage conducted by the Ministry of Science and ICT, the rate of respondents who experienced generative AI services jumped [...]
SEOUL, March 30 (Korea Bizwire) — The average monthly income of single-parent families stands at only about 60 percent of the average for all households, a government report showed Sunday. The average income of single-parent families with children under the age of 18 came to 2.94 million won (US$2,003) in 2024, according to the Ministry [...]
SEOUL, March 28 (Korea Bizwire) — A new government study has revealed that South Korean women born in the 1980s and later have achieved higher rates of tertiary education than their male counterparts, marking a significant shift in educational demographics. The research, released on March 27 by Statistics Korea’s Statistics Research Institute, examines educational attainment, [...]
SEOUL, March 27 (Korea Bizwire) — The average debt held by wage workers in South Korea edged up in 2023 from the previous year, despite a rise in the benchmark interest rate, partly due to government-funded low-interest loan programs for low-income individuals, the statistics agency said Thursday. The average bank and non-bank loans extended to [...]