SEOUL, Sept. 2 (Korea Bizwire) — South Korea’s battery makers, long buoyed by global demand for electric vehicles, are bracing for a sharp downturn after the United States abruptly ended tax credits for EV purchases, a move analysts warn could choke demand for Korean cells. In a report released Sunday, the Korea Institute for Industrial [...]
SEOUL, Sept. 2 (Korea Bizwire) — Worker productivity at South Korea’s five largest commercial banks jumped nearly 27 percent in the first half of 2025, topping 200 million won ($147,000) per employee for the first time, according to regulatory filings. The gains narrowed a long-standing gap with internet-only banks, whose per-capita profit, while still higher [...]
SEOUL, Sept. 1 (Korea Bizwire) — A majority of South Korean companies prefer to rehire older employees after retirement rather than extend their contracts or adopt alternative employment models, according to a new survey that underscores both the demand for experienced workers and the challenges of managing labor costs. The Korea Employers Federation (KEF) said [...]
SEOUL, Aug. 29 (Korea Bizwire) – South Korea’s police are intensifying efforts to combat a surge in voice phishing scams, which authorities now describe as a “social disaster” threatening every generation. The National Police Agency on Thursday unveiled five public service videos on YouTube — including one in which a senior police official receives a [...]
SEOUL, Aug. 28 (Korea Bizwire) — South Korea’s largest companies have sharply increased their reliance on temporary workers over the past four years, raising questions about job stability in one of Asia’s most industrialized economies. According to data released Wednesday by CEO Score, which analyzed quarterly filings from 334 of the country’s top 500 companies [...]
SEOUL, Aug. 28 (Korea Bizwire) — Global ransomware cases climbed 17 percent in the second quarter from a year earlier, with consumer-facing services bearing the brunt of attacks, according to a report released Tuesday by SK Shieldus, a South Korean cybersecurity company. The firm tallied 1,556 incidents worldwide between April and June. While that marked [...]
SEOUL, Aug. 28 (Korea Bizwire) — A large majority of South Koreans believe government support is crucial to developing venture businesses, underscoring public recognition of startups as key drivers of innovation and economic growth, according to a survey released Tuesday. The poll, conducted by the Korea Venture Business Association between July 14 and 21 with [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Koreans are marrying later, living more often in single-person households, and reporting higher life satisfaction than in past decades, even as chronic illness and suicide remain persistent challenges, new government data show. A report released Wednesday by Statistics Korea’s National Statistical Research Institute traced sweeping social changes since the [...]
SEOUL, Aug. 27 (Korea Bizwire) – The proportion of births outside of marriage reached an all-time high last year, data showed Wednesday, indicating a possible shift in accepted norms. A total of 13,800 babies were born out of wedlock in 2024, accounting for a record 5.8 percent of all births in the country, according to [...]
SEOUL, Aug. 27 (Korea Bizwire) — Despite government hopes that international students could help ease labor shortages in South Korea’s manufacturing sector, a new study suggests that most foreign graduates are reluctant to remain in the country for the long haul. According to a report released Tuesday by the Korea Immigration Policy Research Institute, only [...]