BUSAN, Jul. 4 (Korea Bizwire) – For the second consecutive year, Busan has secured the sixth position among Asian cities in the “Global Liveability Index 2024″ report, published by the Economist Intelligence Unit (EIU), a British economic analysis firm. According to Busan city officials on July 3, the EIU annually evaluates and ranks major global cities [...]
SEOUL, Jul. 1 (Korea Bizwire) — Over 60 percent of large companies in South Korea predict the country’s exports to see on-year growth during the second half of the year, according to a poll released Monday. According to the survey conducted recently by polling agency Mono Research on the top 1,000 domestic companies in terms [...]
SEOUL, Jun. 28 (Korea Bizwire) – A recent survey has revealed that a significant portion of South Koreans are opting out of summer vacations, with job hunting and exam preparation cited as the primary reasons. The study, conducted by EduWill, a comprehensive education company, surveyed 197 adults aged 20 to 40 over a seven-day period ending [...]
SEJONG, Jun. 28 (Korea Bizwire) – A recent analysis by Statistics Korea’s Statistics Research Institute reveals that approximately four out of five young adults in South Korea are unmarried, with the rate of singlehood among those in their early to mid-30s tripling over the past two decades. The report, titled “How Has the Face of South [...]
SEOUL, Jun. 26 (Korea Bizwire) – A new study predicts that South Korea’s declining birth rate and shrinking population could lead to a significant labor shortage in key sectors by 2042, with over 600,000 fewer workers in restaurants and retail compared to 2022 levels. The forecast was presented by professor Lee Chulhee of Seoul National University [...]
SEOUL, Jun. 26 (Korea Bizwire) – A recent survey has revealed that 4 out of 10 South Koreans cite cost as the primary reason for hesitating to get dental implants, with most respondents considering 500,000 to 600,000 won per implant as a reasonable price. The Korean Association of Medical Journalists (KAMJ) conducted the survey from May [...]
SEOUL, Jun. 25 (Korea Bizwire) – A recent survey by a civic group has revealed that only 1 in 10 victims of workplace bullying in South Korea report the incidents to their company, labor union, or the Ministry of Employment and Labor. The findings come as the amended Labor Standards Act, which prohibits workplace bullying, approaches [...]
SEOUL, Jun. 23 (Korea Bizwire) – South Korea’s car exports are forecast to reach a record high this year, driven by solid demand for eco-friendly models and sport utility vehicles, an industry association said Sunday. According to the Korea Automobile and Mobility Association (KAMA), the country’s car exports are projected to grow 5.4 percent on-year [...]
SEOUL, Jun. 23 (Korea Bizwire) – Research and development (R&D) expenditures by major South Korean companies hit an all-time high last year despite their falling sales amid an economic slowdown, data showed Sunday. The country’s top 1,000 companies made investments of 72.5 trillion won (US$52.12 billion) combined in 2023, up 8.7 percent from a year [...]
SEOUL, Jun. 20 (Korea Bizwire) – A survey by the Korea Enterprises Federation has revealed that 7 out of 10 office workers in their 20s, 30s, and 40s are considering changing jobs, underscoring the shifting employment landscape in South Korea. The Employee Turnover Trend Survey, conducted with the participation of 1,500 full-time employees aged 20 to [...]