SEOUL, Dec. 5 (Korea Bizwire) — Seven out of 10 South Koreans support impeaching President Yoon Suk Yeol over his short-lived martial law declaration, a survey showed Thursday, after it caused political turmoil and unsettled markets. Yoon faces an impeachment motion submitted by opposition lawmakers, who argue his actions violated the Constitution and other laws [...]
SEOUL, Dec. 4 (Korea Bizwire) – South Korea’s consumer protection agency revealed on December 3 that many biodegradable plastic products are being marketed with misleading claims that don’t match their actual certifications, potentially confusing consumers about their environmental impact. The Korea Consumer Agency (KCA) examined online advertisements for 80 biodegradable plastic products currently available in the [...]
SEOUL, Dec. 3 (Korea Bizwire) –Half of the citizens from eight countries regard the unification of South and North Korea as necessary, and North Korea giving up its nuclear weapons is cited as the top prerequisite for unification, a poll showed Tuesday. A total of 50 percent of respondents said the two Koreas should [...]
SEOUL, Dec. 3 (Korea Bizwire) – Single-person households in South Korea have reduced spending due mainly to high housing expenses and a tough job market situation, affecting the recovery of private consumption, a central bank report showed Tuesday. The proportion of one-person households out of the country’s total has been on a constant increase from [...]
SEOUL, Dec. 3 (Korea Bizwire) – South Korea’s adult smoking rates have climbed, reversing a years-long decline, particularly among men in their 50s and women in their 20s, according to a report released by the Korea Disease Control and Prevention Agency (KDCA). Obesity rates also surged among younger adults, while nearly half of men in their [...]
SEOUL, Nov. 29 (Korea Bizwire) — One in three South Korean consumers has experienced issues while shopping online, a government survey showed Friday, underscoring the need for improved consumer protection from e-commerce operators. The survey, conducted on 2,000 local consumers, showed that 29.4 percent of the people shopping on local e-commerce platforms and 28.3 percent [...]
SEOUL, Nov. 28 (Korea Bizwire) – The mental health of elementary school staff in South Korea is under scrutiny as nearly 10,000 employees reported suffering from depression in 2023, according to data released by the National Health Insurance Service. This alarming trend follows a high-profile incident involving the suicide of a new teacher at an elementary [...]
SEJONG, Nov. 27 (Korea Bizwire) – South Koreans experience their largest per-capita financial deficit of 40.78 million won at age 17 and reach their maximum surplus of 17.53 million won at age 43, according to new government data. Labor income begins declining after peaking at 43, leading to a return to deficit spending at age 61. [...]
SEOUL, Nov. 26 (Korea Bizwire) – The number of Korean venture companies surpassing ₩100 billion in annual revenue exceeded 900 for the first time last year, signaling robust growth in the country’s innovation-driven economy, the Ministry of SMEs and Startups announced on Tuesday. The total reached 908 firms in 2023, a 4.5% increase from 869 in [...]
SEOUL, Nov. 25 (Korea Bizwire) – South Korea has solidified its position as the world’s third-largest filer of artificial intelligence (AI) security technology patents, trailing only the United States and China, according to a report released by the Korean Intellectual Property Office (KIPO) on Sunday. In 2021, South Korea filed 1,492 AI security technology patents, a [...]