Elderly men at Tapgol Park in central Seoul One in five South Koreans is now 65 years old or older as the Asian country grapples with the demographic challenge of a rapidly aging population and the world’s lowest birthrate.The Ministry of the Interior and Safety said on Tuesday that the c
(Courtesy of News1) South Koreans’ spending on private education hit a new record high of 27.1 trillion won ($20 billion) in 2023, as the government’s announcement to raise medical school and regular admission quotas prompted a frenzy of after-school classes. Despite a drop in
Lotte's childcare system stands out among Korea's large companies South Korea’s dreadfully low birthrate — the world’s lowest — is not just a concern for politicians or government officials. It also poses a threat to business leaders, who fear a dwindling workforce will
TMON has been struggling to compete with newcomers in South Korea's e-commerce market KKR & Co. and Anchor Equity Partners have tentatively agreed to sell their majority stake in South Korea’s e-commerce player TMON Inc. to a Southeast Asia-based rival platform, according to peo
A Twosome Place outlet in southern Seoul A Twosome Place is poised to be South Korea's first listed coffee chain as its owner Anchor Equity Partners has kicked off the process of its initial public offering.The coffee store operator recently sent requests for proposals to major brokerage compan
Kakao Corp.’s Japanese unit, which operates Japan’s largest webtoon platform Piccoma, is in talks to attract as much as 500 billion won ($446 million) from Seoul-based private equity firm Anchor Equity Partners.According to the investment banking industry on Apr. 6, Kakao Japan is