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 [...]
SEOUL, Jun. 20 (Korea Bizwire) — More than 1 in 10 South Koreans have used generative artificial intelligence (AI), but many remain concerned about potential personal data leaks, according to a government poll released Thursday. The survey, conducted by the Korea Communications Commission (KCC) in November last year, found that 12.3 percent of the 4,581 [...]
SEOUL, Jun. 17 (Korea Bizwire) – A recent analysis by the General Insurance Association of Korea has revealed that one out of every three disputed car-to-car accidents over the past three years involved lane changes, underscoring a significant source of contention as the summer vacation season approaches. The association examined approximately 130,000 cases reviewed by its [...]
SEOUL, Jun. 15 (Korea Bizwire) – In their youth, scores of middle managers thrived in demanding roles that required expertise in data analysis, organizational oversight and other specialized skills. But many find themselves driving taxis or working as apartment security guards after reaching their 50s, according to a new government study. The study, released on June [...]
SEOUL, June 14 (Korea Bizwire) – The number of South Koreans taking their own lives soared nearly 34 percent in January from a year earlier, data showed Friday. The number of suicides reached 1,321 in January, an increase of 334 from the previous year, according to data from the Ministry of Health and Welfare, which [...]
SEOUL, Jun. 13 (Korea Bizwire) – A new survey has underscored the increasing adoption of digital technologies like kiosks among older South Koreans, even as significant hurdles remain for many in that demographic navigating the online world. The report, released June 12 by the Seoul Digital Foundation after interviewing 5,500 residents aged 19 and above, found [...]
SEOUL, Jun. 12 (Korea Bizwire) — South Korea reported the slowest on-year job growth in more than three years in May and the unemployment rate among young people reported a marked growth, data showed Wednesday. The number of employed people came to 28.92 million last month, up 80,000 from a year earlier, according to the [...]
SEOUL, Jun. 11 (Korea Bizwire) — The number of OpenAI’s ChatGPT users in South Korea rose 30 percent last month, surpassing 1 million for the first time on the increasing popularity of the artificial intelligence chatbot, industry data showed Tuesday. The mobile ChatGPT application had 1.27 million users in May, up from 980,000 in April, [...]