SEOUL, Jan. 20 (Korea Bizwire) — Older South Koreans participating in government-sponsored job programs earned an average of about 405,000 won ($300) a month last year, with most saying the primary reason for working was to cover basic living expenses, according to a nationwide survey released Monday. The study, published by the Korea Labor Force Development [...]
SEOUL, Jan. 19 (Korea Bizwire) — Nearly eight in 10 local governments outside South Korea’s capital region say they face a serious risk of population decline, underscoring the deepening divide between Seoul and the rest of the country as demographic pressures mount. In a survey released Monday by the Federation of Korean Industries, 77 percent of [...]
SEOUL, Jan. 19 (Korea Bizwire) – Longer job searches and soaring housing costs are placing mounting strain on young South Koreans, deepening concerns that structural weaknesses in the economy could weigh on the country’s long-term growth, the central bank said on Monday. In a report examining the economic conditions of young adults, the Bank of [...]
SEOUL, Jan. 15 (Korea Bizwire) — A growing number of young teachers in South Korea are reconsidering teaching as a lifelong career, with a sharp decline in those planning to stay in the profession until retirement following the widely publicized death of an elementary school teacher in 2023, a new academic study has found. The findings, [...]
SEOUL, Jan. 14 (Korea Bizwire) — Household lending by South Korean banks declined in December for the first time in nearly a year, signaling the early impact of tighter government controls aimed at cooling an overheated housing market in the Seoul metropolitan area. Outstanding household loans at banks totaled 1,173.6 trillion won ($795 billion) at the [...]
SEOUL, Jan. 14 (Korea Bizwire) — Nearly four in 10 South Koreans believe corruption is pervasive in the public sector, while a majority view Korean society as broadly corrupt and unfair, according to a nationwide survey released Tuesday, underscoring a persistent gap between government reform efforts and public perception. The findings come from the 2025 Corruption [...]
SEOUL, Jan. 13 (Korea Bizwire) – A majority of affluent retail investors in South Korea expect stock markets at home and abroad to extend their gains this year, with artificial intelligence and robotics emerging as the most favored investment themes, according to a new survey by Mirae Asset Securities. In a poll conducted by the [...]
SEOUL, Jan. 13 (Korea Bizwire) — South Korea’s shrinking population is poised to reach another stark milestone this year, as the number of children entering elementary school is expected to fall below 300,000 for the first time on record, according to the Education Ministry. The ministry said it now estimates that 298,178 students will enter first [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s newspaper industry posted record revenues in 2024, surpassing 5 trillion won for the first time, driven largely by the rapid expansion of online outlets, according to a new industry survey released Monday. But the milestone masked deepening polarization, with a small number of large publishers capturing the bulk [...]
SEOUL, Jan. 11 (Korea Bizwire) — South Korea’s younger generation views childbirth as both deeply rewarding and uniquely burdensome, according to a new international survey that highlights the country’s persistent struggle with low fertility. A report released Sunday by the Korea Institute for Health and Social Affairs, based on a 2024 survey of adults aged 20 [...]