SEOUL, March 27 (Korea Bizwire) — While the compensation gap between top earners and average employees at major South Korean companies narrowed slightly last year, executives still earned more than 15 times their workers’ salaries, according to a new analysis by Leaders Index. The research firm’s study of 284 companies among Korea’s top 500 firms [...]
SEOUL, March 26 (Korea Bizwire) — The number of imported vehicles registered in South Korea has exceeded 3.5 million for the first time, marking a significant milestone in the nation’s evolving automotive landscape. According to data released Wednesday by the Korea Automobile Importers & Distributors Association (KAIDA), a total of 3,508,876 imported vehicles were registered as [...]
SEOUL, March 26 (Korea Bizwire) — A growing number of South Korea’s isolated and withdrawn youth are attempting to reenter daily life through study and hobbies, but nearly 40% ultimately fall back into isolation, according to the country’s first nationwide survey on the issue released Tuesday. The Korean Youth Policy Institute’s 2024 National Survey on Isolated [...]
SEOUL, March 25 (Korea Bizwire) — European companies operating in South Korea are increasingly dissatisfied with their business performance and the country’s regulatory environment, according to a new survey released Monday. The 2024/25 Korea Business Confidence Survey, conducted by the European Chamber of Commerce in Korea (ECCK), the Korean-German Chamber of Commerce and Industry (KGCCI), [...]
SEOUL, March 25 (Korea Bizwire) — South Korea’s elderly poverty rate remains the highest among OECD nations, according to the “Korea SDG Implementation Report 2025″ released by Statistics Korea on March 24. The comprehensive report, which analyzes Korea’s progress on 17 sustainable development goals through comparisons with other OECD countries, reveals both improvements and persistent [...]
SEOUL, March 23 (Korea Bizwire) — The number of South Korean companies with liabilities exceeding their assets has surged to its highest level in six years, signaling deepening concerns over corporate health amid delayed economic recovery and persistently high interest rates. According to a report released on Sunday by the Korea Economic Research Institute (KERI), 4,466 [...]
SEOUL, March 23 (Korea Bizwire) — Nearly half of South Koreans over the age of 50 who transitioned from wage employment to self-employment are earning less than the country’s minimum wage, highlighting the precarious financial situation of older entrepreneurs. According to a report released on Sunday by the Korea Employment Information Service, analysis of Korea Welfare [...]
SEOUL, March 21 (Korea Bizwire) — Seven out of 10 South Koreans are willing to pay more for products from companies that actively pursue environmental, social and government (ESG) management, a local survey showed Friday. In the survey of 3,000 people aged 18 and older conducted by the Federation of Korean Industries (FKI) and Hankook [...]
SEOUL, March 20 (Korea Bizwire) — The number of multicultural marriages reached 20,759 last year, up 1,042 from the previous year’s 19,717 cases, according to the data from Statistics Korea. The number of international marriages sharply declined to around 15,000 in 2020 from about 24,000 the previous year, and slid further to around 13,000 in [...]
SEOUL, March 19 (Korea Bizwire) — South Korea’s combined household, corporate, and government debt—known as national total debt—has surpassed 6,200 trillion won, according to the latest data released by the Bank for International Settlements (BIS). As of the end of the third quarter of 2024, non-financial sector credit, measured in Korean won, reached 6,222 trillion won, [...]