SEOUL, Jun. 3 (Korea Bizwire) – A staggering 24% of dual-income families in Seoul experience symptoms of depression, according to a new study by the Seoul Research Institute. Working mothers and fathers struggle with insufficient societal and institutional support for child-rearing and caregiving responsibilities. Alarmingly, 15.8% of unmarried youths in Seoul within the optimal marriage age [...]
SEOUL, Jun. 3 (Korea Bizwire) – The number of medical facilities capable of handling births in South Korea has plummeted by over 30% in the past decade, according to recent government data, raising concerns over access to maternal care across the nation. More than 70 regions either lack obstetrician-gynecologist (OB-GYN) clinics entirely or have facilities unable [...]
SEOUL, June 3 (Korea Bizwire) — Average South Korean workers in their 20s need 86.4 years to buy an apartment in Seoul using only their wage earnings, a report showed Monday. Lee Han-jin, a researcher at the Labor Institute of the Korean Confederation of Trade Unions, the largest umbrella union, released the report based on [...]
SEOUL, May 31 (Korea Bizwire) –Fans of the K-pop act NewJeans rallied behind the girl group’s founder and CEO after she won a temporary injunction blocking her company’s attempts to remove her, escalating a bitter corporate dispute playing out in public. In a fiery statement, the fan collective Bunnies welcomed the court’s decision to prevent [...]
SEOUL, May 30 (Korea Bizwire) – Allegations that a famous dog trainer and his wife monitored messages exchanged between employees on a workplace collaboration app called Naver Works have sparked concerns over potential privacy violations involving such programs, which often include messaging capabilities. According to IT industry insiders, Susan Elder, the wife of Kang Hyung-wook, who [...]
CHANGWON, May 30 (Korea Bizwire) – An environmental activist who was fined for spray-painting “climate crisis” on tunnels chose to serve a brief jail sentence instead of paying the penalty, in a protest intended to raise awareness about global warming. Park Jong-kwon, a co-leader of the Gyeongnam Climate Crisis Emergency Action group, defaced tunnel entrances in [...]
SEOUL, May 29 (Korea Bizwire) – The spate of tanghulu (Chinese candied fruit skewer) shop closures in South Korea is a foretold tragedy. An analysis shows that tanghulu sales peaked in September 2023, just six months after the trend took off, and have been rapidly declining since. The fleeting nature of fad food businesses like Taiwanese [...]
SEOUL, May 29 (Korea Bizwire) – The use of so-called will testamentary trusts is rapidly gaining popularity in South Korea as more people seek ways to manage their inheritance and prevent conflicts among family members after their death. According to data from South Korean banks, the balance of will testamentary trusts held by the nation’s five [...]
SEJONG, May 28 (Korea Bizwire) – A procession of studies has highlighted the inverse relationship between women’s economic participation and birthrates in South Korea, where childcare responsibilities still largely fall on mothers. The International Monetary Fund recently urged South Korea and Japan to establish a positive cycle in which greater female workforce participation contributes to economic [...]
SEOUL, May 25 (Korea Bizwire) – The United States, China and countries around the world are waging an intense battle to gain supremacy in the semiconductor industry, crucial for cutting-edge technologies. On May 23, in a meeting presided over by President Yoon Suk Yeol, South Korea’s government unveiled a comprehensive 26 trillion won support package for [...]