SEOUL, Mar. 6 (Korea Bizwire) – In response to the growing care service staff shortage, the Bank of Korea (BOK) has suggested employing foreign workers and applying a differential minimum wage to mitigate the issue, sparking discussions about its feasibility. Labor unions criticize this measure as a temporary solution, highlighting the need to improve the conditions [...]
SEOUL, Jan. 10 (Korea Bizwire) – A recent analysis of the 2024 academic year’s regular admissions by Jongno Academy revealed that over 30% of universities recorded a competition rate of less than 3 to 1, indicating an admissions rate below the required threshold. The study analyzed 188 universities nationwide, finding an average competition rate of 4.67 [...]
SEJONG, Jan. 10 (Korea Bizwire) – In response to the decreasing student population in South Korea, local education offices are set to actively recruit international students. The Ministry of Education announced on January 9 that nine education offices, including Gwangju, North Gyeongsang Province, Daegu, Busan, Seoul, Incheon, South Jeolla Province, South Chungcheong Province, and North Chungcheong [...]
SEOUL, Dec. 7 (Korea Bizwire) – The recent recruitment efforts for next year’s specialties at the renowned ‘Big 5′ hospitals in South Korea saw critical departments like pediatrics as well as obstetrics and gynecology facing challenges in meeting their quotas. Despite government incentives, a reluctance to pursue these specialties has persisted. Even in rural areas, where [...]
SEJONG, Nov. 24 (Korea Bizwire) — South Korea’s industry ministry said Friday it plans to closely monitor the supply of hydrogen for automobiles amid supply disruptions in the central region. The government hosted a meeting with officials from hydrogen producers, retailers and regional governments to address the ongoing shortage, according to the Ministry of Trade, [...]
SEOUL, Sept. 18 (Korea Bizwire) – Lee Dae-eun (38), from Namhae County, South Gyeongsang Province, still feels a sense of dizziness when he recalls the day in June 2021 when his wife abruptly experienced labor pains two months before the due date of their third child. Due to the absence of a maternity clinic in Namhae [...]
SEOUL, Sept. 14 (Korea Bizwire) — South Korea has imported urea from China normally and the domestic supply remains stable, Seoul’s industry ministry said Thursday, dismissing concerns of a shortage over some exporters’ recent cut in shipments of the industry substance. Some Chinese urea exporters announced a plan to reduce their export volume, though the South Korean [...]
SEOUL, Dec. 13 (Korea Bizwire) — The pediatrics departments at major general hospitals in Seoul received fewer than necessary medical resident applications this year. Among Seoul’s “big 5″ hospitals, only Asan Medical Center was able to fill enough seats for first-year medical residents at the pediatrics department next year, according to industry sources. The pediatrics [...]
SEOUL, Sept. 20 (Korea Bizwire) — Despite the government’s continued efforts to ensure a sufficient supply of medical residents for essential medical departments, the shortage of such medical residents remains unabated. The number of essential medical departments suffering from a shortage of applicants increased from eight in 2017 to 10 last year, according to the [...]
SEOUL, April 29 (Korea Bizwire) — Around midnight on Tuesday, Park Ji-young, a 30-year-old office worker, was exasperated after wasting nearly an hour trying to get a taxi from the central Seoul business district of Gwanghwamun to her home in Dangsan, a neighborhood not far away. She tried every option — tapping into all kinds [...]