SEOUL, May 5 (Korea Bizwire) — The number of children in South Korea seeking outpatient psychiatric treatment has more than doubled over the past four years, with sharp increases observed particularly among elementary school-aged children, according to newly released government data. Figures from the Health Insurance Review and Assessment Service, submitted to Rep. Jin Sun-mi of [...]
SEOUL, May 3 (Korea Bizwire) — Chanel has emerged as the most frequently counterfeited brand online in South Korea over the past five years, according to new government data that highlights the growing challenge of policing illicit e-commerce activity involving luxury goods. A report submitted by Rep. Oh Se-hee of the Democratic Party, a member of [...]
SEOUL, May 2 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Friday its sales fell 6.3 percent in April from a year earlier on lower demand for its models. The company sold 41,644 vehicles last month, down from 44,426 units in the same period last year, the company [...]
SEOUL, May 2 (Korea Bizwire) — Seoul shares ended higher Friday, led by gains in tech and shipbuilding stocks, although investors remained cautious about the impact of shifting U.S. tariffs on major companies’ earnings. The Korean won rose sharply against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) rose 3.18 points, or [...]
SEOUL, May 2 (Korea Bizwire) —Type 2 diabetes is rapidly spreading among South Korea’s young adults, with prevalence rates nearly doubling over the past decade, according to a new study published in the Diabetes & Metabolism Journal, the official publication of the Korean Diabetes Association. The research, which analyzed data from 2010 to 2020, found [...]
SEOUL, May 2 (Korea Bizwire) —A recent surge in the popularity of Ghibli-style AI-generated images has brought to light generational differences in how South Koreans engage with generative AI tools, according to a new report by the Korea Press Foundation released Thursday. The report, published in the latest edition of Media Survey, analyzed responses from [...]
SEOUL, May 1 (Korea Bizwire) — Online shopping sales in South Korea gained 2.6 percent from a year earlier in March driven by rising demand for food products and relevant services, data showed Thursday. The value of online shopping transactions stood at 22.42 trillion won (US$15.72 billion) in March, up 576.8 billion won from a [...]
South Korean High School Freshmen Average 172.9 cm in Height as Student Obesity Declines for Third Year SEOUL, April 30 (Korea Bizwire) — At a glance, the data reads like good news: South Korea’s teens are growing taller, and for the third year in a row, fewer of them are obese. But behind the steady gains [...]
As non-regular workers fall further behind in wages, benefits, and protections, a growing segment of the workforce risks being left out of the country’s economic future. SEOUL, April 30 (Korea Bizwire) — In South Korea’s rapidly changing labor market, a widening wage chasm is sending a sobering message: for non-regular workers, the dream of financial parity [...]
SEOUL, April 30, (Korea Bizwire) — For many at-risk youths in South Korea, each day brings a quiet battle — against despair, isolation, and a gnawing sense that survival itself can feel uncertain. A new government survey released Tuesday paints a sobering portrait: one in three vulnerable youths said they had spent at least two weeks [...]