SEOUL, Nov. 25 (Korea Bizwire) — South Korea’s largest companies have expanded their executive ranks more than three times faster than their employee headcounts over the past five years, widening internal hierarchies even as some industries shed staff, a new analysis shows. According to data released Nov. 25 by corporate research firm Leaders Index, 331 major [...]
SEOUL, Nov. 24 (Korea Bizwire) — Parents raising twins in South Korea face significantly heavier childcare burdens than those raising a single child, with nearly 40 percent reporting they have no one to turn to during emergencies, according to a new survey released Sunday. The Korea Population, Health and Welfare Association (KoPHWA) surveyed 718 parents of [...]
SEOUL, Nov. 24 (Korea Bizwire) — The number of Seoul households in their 30s without a home climbed to an all-time high last year, even as homeownership among the same age group fell to its lowest level since records began, government data showed Sunday. According to the National Data Office, 527,729 Seoul households headed by someone [...]
SEOUL, Nov. 20 (Korea Bizwire) – One in five married women with children experienced career interruptions this year, government data showed Thursday, marking the lowest level largely due to change in social perception and improved work–life balance policies. The number of married women aged 15 to 54 living with children under the age of 18 [...]
SEOUL, Nov. 19 (Korea Bizwire) — A large majority of South Korean workers say the country’s labor market is fundamentally unequal, reflecting long-standing structural divides between large conglomerates and smaller firms, according to new research presented at a major labor conference in Seoul on Tuesday. The survey, released at the 30th-anniversary forum of the Federation [...]
SEOUL, Nov. 19 (Korea Bizwire) — A large majority of South Korean workers in their 20s and 30s say the country should extend the legal retirement age, reflecting deepening economic anxieties and concerns about old-age security, according to a new survey released Wednesday. The poll, conducted by Remember & Company, which operates the professional networking [...]
SEOUL, Nov. 18 (Korea Bizwire) – The amount of so-called club drugs seized in South Korea has increased more than sevenfold over the past five years, customs authorities said Tuesday. A total of 115.9 kilograms of illegal substances, such as marijuana and ketamine, that are commonly used in nightclubs and other entertainment venues were confiscated [...]
SEOUL, Nov. 17 (Korea Bizwire) — Many South Korean fathers envision themselves as warm, engaged, “friend-like” parents before having children. But once parenting begins, most find themselves becoming something very different: busy, tired, and time-starved. A new survey released Sunday by the Korea Population, Health and Welfare Association, KoPHWA) shows a wide gap between the fathers [...]
SEOUL, Nov. 16 (Korea Bizwire) – Sales of mini cars by South Korea’s five automakers are expected to remain below 100,000 units for a second consecutive year in 2025, industry data showed Sunday, amid a lack of new models and shifting consumer preferences. From January to October, the five carmakers — Hyundai Motor Co., Kia [...]
SEOUL, Nov. 16 (Korea Bizwire) – Applications for vouchers provided to pregnant women increased 8.1 percent from a year earlier in the first nine months of this year, data showed Sunday, in a possible sign of a continued rebound in the number of newborns in a country facing one of the world’s lowest birth rates. [...]