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South Korea’s Prisons Are Overcrowded—Can the System Handle the Crisis?

South Korea’s Prisons Are Overcrowded—Can the System Handle the Crisis?

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 Economic Decline: Is Korea’s First Metropolitan City Losing to Incheon?

Busan’s Economic Decline: Is Korea’s First Metropolitan City Losing to Incheon?

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

The Reality of South Korea’s Empty Knowledge Industry Centers

The Reality of South Korea’s Empty Knowledge Industry Centers

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.

South Korea’s Self-Employed Sector Shrinks by 200,000 in Two Months

South Korea’s Self-Employed Sector Shrinks by 200,000 in Two Months

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 Job Program: A Temporary Fix or a Long-Term Failure?

Busan’s Job Program: A Temporary Fix or a Long-Term Failure?

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 Fall of Homeplus: What Went Wrong and What Comes Next?

The Fall of Homeplus: What Went Wrong and What Comes Next?

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’s Global Hub City Ambitions Deliver Jobs and Investment?

Can Busan’s Global Hub City Ambitions Deliver Jobs and Investment?

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.