SEOUL, Aug.12 (Korea Bizwire) — A recent report by the Health Insurance Review and Assessment Service reveals that one-third of South Korea’s districts are experiencing a severe decline in birth rates, with fewer than 10 births per year. This troubling trend is largely attributed to the nation’s aging population, declining fertility rates, and the absence [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korean gaming giant NCSoft has found itself in a financial crisis, posting its first annual operating loss in 26 years. The company reported an operating loss of 109.2 billion won ($75 million) for 2024, marking its first negative earnings since 1998. Revenue fell by 11.3% to 1.58 trillion [...]
SEOUL, Apr. 23 (Korea Bizwire) — Finance Minister Choi Sang-mok met with experts of economic and international affairs Tuesday and discussed responses to growing uncertainties in the Middle East, the finance ministry said. During a meeting of the international economic advisory panel in Seoul, experts called on the government to “check developments and assess potential [...]
SEOUL, Apr. 19 (Korea Bizwire) – A stark decline in reading habits has gripped South Korea, with nearly 6 out of 10 adults failing to read a single book over the past year, according to the results of a government survey released on April 18. The 2023 National Reading Survey conducted by the Ministry of Culture, [...]
SEOUL, Apr. 19 (Korea Bizwire) – Faced with a stark decline in birth rates and an aging population exacerbated by an exodus to cities like Seoul, rural towns across South Korea are scrambling to reverse the trend of dwindling populations with a raft of creative policies aimed at luring new residents. The strategies broadly fall into [...]
SEOUL, Apr. 15 (Korea Bizwire) — Container shipping costs from South Korea to Europe soared nearly 40 percent on-year in March amid ongoing tensions surrounding the Red Sea, the customs agency said Monday. The average shipping cost for a 40-foot container for the South Korea-European Union route came to 4.25 million won (US$3,077) last month, [...]
SEOUL, March 9 (Korea Bizwire) — In South Korea, the proportion of people who think society and individual life faced a crisis due to the COVID-19 pandemic has declined compared to six months ago, a survey showed Monday. A research team from Seoul National University’s Graduate School of Public Health unveiled the results of surveys [...]
SEOUL, Nov. 22 (Korea Bizwire) — One in 10 middle-aged and senior citizens in Korea who live alone or belong to the lowest-income group were found to have no one to rely on for help in the face of a crisis. According to a survey conducted by the National Pension Service of 5,110 households across [...]
SEOUL, May 28 (Korea Bizwire) — On the brink of being submerged in water due to rising sea levels, the island state of Tuvalu, situated in the Pacific Ocean, hopes to benefit from a project that aims to prevent its demise. Composed of nine coral islands, Tuvalu stands at just 5 meters above sea. Due [...]