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Two-Thirds of Young Adults in South Korea Remain Financially Dependent, Study Finds

Two-Thirds of Young Adults in South Korea Remain Financially Dependent, Study Finds

SEOUL, Jun. 6 (Korea Bizwire) –A staggering two out of three South Koreans aged 25 to 34 are living with their parents or are financially dependent on them, even if they reside separately, according to a new study on the phenomenon known as the “kangaroo tribe.” Hwang Gwang-hoon, an associate research fellow at the Korea [...]

Climate Crisis Weighs Heavily on 90% of South Koreans, Survey Finds

Climate Crisis Weighs Heavily on 90% of South Koreans, Survey Finds

SEOUL, Jun. 6 (Korea Bizwire) –Nine out of 10 South Koreans perceive the effects of climate change and believe their nation is facing a climate crisis, according to the results of an online survey on climate change released by the Korea Meteorological Administration on June 4. The survey, conducted through the Anti-Corruption and Civil Rights [...]

Only 1 in 10 Job-changing Workers at SMEs Got New Job at Large Conglomerate in 2022: Data

Only 1 in 10 Job-changing Workers at SMEs Got New Job at Large Conglomerate in 2022: Data

SEOUL, Jun. 5 (Korea Bizwire) — Around 1 out of every 10 South Korean workers at small and mid-size companies who changed their jobs in 2022 landed new jobs at large conglomerates, data showed Wednesday. The number of registered employees who were eligible for state insurance programs came to 26.06 million in 2022, up 2.2 [...]

Study Warns of Threefold Rise in Early Deaths from Fine Dust by 2050

Study Warns of Threefold Rise in Early Deaths from Fine Dust by 2050

POHANG, Jun. 5 (Korea Bizwire) – A new study has found that if current levels of fine dust pollution in South Korea persist, the number of premature deaths caused by fine dust exposure could triple by 2050 compared to present levels.  A research team led by professor Lee Hyung-joo from the Department of Environmental Engineering at [...]

SK Telecom Loses Ground in Overall Mobile Market but Maintains 5G Lead

SK Telecom Loses Ground in Overall Mobile Market but Maintains 5G Lead

SEOUL, Jun. 4 (Korea Bizwire) – As the growth of budget mobile carriers persists in South Korea, SK Telecom, the nation’s largest mobile operator, has continued to lose overall market share. However, a new report shows the company still commands a significant portion of 5G subscriptions. According to a report evaluating the competitiveness of South Korea’s [...]

Soaring Home Prices Leave Seoul Apartments Out of Reach for Most Young Koreans

Soaring Home Prices Leave Seoul Apartments Out of Reach for Most Young Koreans

SEOUL, Jun. 4 (Korea Bizwire) – A household headed by someone in their 20s would need to save for 86.4 years to afford an apartment in Seoul through savings alone, according to a new analysis that highlights the daunting challenges facing the younger generation in the country’s real estate market.  The study, released on June 3 [...]

Marriage Fuels Rise in Low-Wage Jobs for South Korean Women

Marriage Fuels Rise in Low-Wage Jobs for South Korean Women

SEJONG, Jun. 4 (Korea Bizwire) – The proportion of employed South Korean women holding low-skilled manual labor positions more than triples after marriage, highlighting how career interruptions for childbirth and child-rearing contribute to a deterioration in job quality, experts say.  According to microdata from Statistics Korea’s Economically Active Population Survey, there were 2,079,000 women in elementary [...]

YouTube Dominates Time Spent on Smartphones in South Korea

YouTube Dominates Time Spent on Smartphones in South Korea

SEOUL, June 1 (Korea Bizwire) –The video-sharing app YouTube accounts for a staggering one-third of the time South Koreans spend on their smartphones, cementing Google’s powerful presence in the country’s mobile market through its singular hit platform. According to app analytics firm Wiseapp, South Korean smartphone users spent 33.6% of their total device usage, or [...]

1 in 10 Seoul Households Has Pet Dog, Maltese Most Common

1 in 10 Seoul Households Has Pet Dog, Maltese Most Common

SEOUL, May 30 (Korea Bizwire) — Seoul has about 612,000 registered pet dogs, accounting for 1 in every 10 households, with Maltese being the most common breed, a report showed Thursday. The Seoul Digital Foundation, affiliated with the Seoul city government, released the report based on pet dogs registered with the city in accordance with [...]

Sewage Data Points to Widespread Use of Illicit Drugs in South Korea

Sewage Data Points to Widespread Use of Illicit Drugs in South Korea

SEOUL, May 30 (Korea Bizwire) – A multiyear nationwide study that analyzed sewage for traces of illicit drugs found that methamphetamine was detected at every wastewater treatment plant surveyed across South Korea, suggesting prevalent use, health authorities said May 29. The investigation provides one of the most comprehensive looks yet at narcotics consumption patterns in the [...]