Archive page 26

South Korea’s prison system is bursting at the seams, with overcrowding rates soaring above 124% nationwide. Inside packed cells, inmates face deteriorating conditions, increased violence, and a lack of resources.

Busan’s economy is in decline while Incheon surpasses it in GDP and population. Can Korea’s first metropolitan city reclaim its position?

South Korea’s knowledge industry centers were meant to support startups and SMEs, but oversupply and speculative investment have left thousands of office spaces vacant, driving investors into financial distress.

Self-employment in South Korea has reached a historic low, with the number of small business owners falling below 5.5 million. As debt surges and revenue drops, the future of independent businesses looks uncertain.

Busan’s new job initiative promises 350 jobs with a 7.4 billion won budget. But will it create real, sustainable employment or just repeat past failures?

The decline of Homeplus marks a turning point for South Korea’s retail industry. E-commerce, debt, and shifting consumer habits have reshaped the market—can Homeplus adapt?

Can Busan become a true global economic hub? The Global Hub City Special Act promises jobs, investment, and innovation—but execution remains the key challenge.

The Arctic shipping era is here. With the Northern Sea Route reducing Asia-Europe transit times by 40%, can Busan emerge as the key transshipment hub for Arctic trade?