SEOUL, April 21 (Korea Bizwire) – Corporate direct financing in South Korea shrank more than 22 percent from a month earlier in March due to a sharp decline in corporate bond issuances, data showed Sunday. Local firms raised a combined 20.5 trillion won (US$14.86 billion) by selling stocks and bonds last month, down 22.5 percent [...]
SEOUL, Apr. 19 (Korea Bizwire) – While more than half of South Koreans believe that relations with China have become strained or adversarial in recent times, an overwhelming majority still hopes the two countries can maintain friendly and cooperative ties going forward, according to the results of a poll released on April 18. The survey of [...]
HONGSEONG, Apr. 19 (Korea Bizwire) – Coastal areas in South Chungcheong Province are struggling with marine debris scattered along shorelines, according to a new distribution map released on April 18 by the Chungcheong Research Institute. The researchers surveyed 190 locations along the mainland coasts last year and graded the level of pollution from 0 to 9 [...]
SEOUL, Apr. 18 (Korea Bizwire) – An ironic factor contributing to around 40% of South Korea’s declining birthrate has been identified as younger women experiencing less employment discrimination than in the past, according to a new report. While gender-based disadvantages in hiring have decreased for young women, the probability of career interruption after childbirth has remained [...]
SEOUL, April 17 (Korea Bizwire) – While South Korea demonstrates robust human capital for artificial intelligence (AI) development, the country failed to produce any foundational AI models last year and is experiencing an outflow of talent to other nations, according to a new report from Stanford University’s Human-Centered Artificial Intelligence Institute (HAI). The “AI Index 2024″ [...]
SEOUL, Apr. 17 (Korea Bizwire) — Single-person households accounted for 33.6 percent of all households last year, up 3.2 percentage points from three years ago, with more people complaining of loneliness and difficulty dealing with emergencies or sickness alone, data showed Wednesday. Those who responded positively about living alone without marriage also jumped from 34 [...]
SEOUL, Apr. 15 (Korea Bizwire) — More than 7 in 10 South Koreans in their 20s and 30s profess a lack of confidence in the national pension system, citing concerns over population decline and the potential depletion of funds, according to a government study released on April 14. The Korean Women’s Development Institute surveyed 1,152 people [...]
SEOUL, Apr. 15 (Korea Bizwire) — A striking 8 out of 10 South Koreans in their 20s and 30s have yet to achieve financial independence from their parents, according to a recent survey by the job platform Jinhaksa Catch. The respondents cited a lack of stable income due to employment challenges as the primary reason for [...]
SEOUL, Apr. 10 (Korea Bizwire) – As populations around the world continue to age, a new study by researchers at the Korea Advanced Institute of Science and Technology (KAIST) has revealed a complex interplay between this demographic shift and a community’s ability to adapt to climate change – a first-of-its-kind global analysis. The research team, led [...]
SEOUL, Mar. 27 (Korea Bizwire) — The number of South Koreans who moved to different residences in the country rose for the fifth consecutive month in February amid rising home transactions, data showed Wednesday. Around 655,000 people changed residences last month, up 5.2 percent from a year earlier, according to the data compiled by Statistics [...]