SEOUL, Sept. 30 (Korea Bizwire) – The Korea Fair Trade Commission has launched an investigation into Baedal Minjok, the country’s largest food delivery app, over allegations that it forced restaurants to offer it the most favorable pricing terms. Restaurant owners claim that Baedal Minjok, commonly known as Baemin, pressured them to keep prices on its platform [...]
SEOUL, Sept. 30 (Korea Bizwire) – In the pharmaceutical industry, glass bottles continue to play a significant role in packaging both over-the-counter and prescription medications, despite ongoing challenges with breakage and contamination risks. While glass containers are prized for their ability to preserve drug integrity, their fragility has prompted pharmaceutical companies to seek alternative solutions, including [...]
SEOUL, Sept. 30 (Korea Bizwire) – A recent study has revealed that an overwhelming majority of South Koreans are preoccupied with their health, with 7 out of 10 individuals expressing concern about their physical well-being and a staggering 9 out of 10 regularly consuming health supplements. These findings come from the “2024 Korea Wellness Report,” released [...]
SEOUL, Sept. 30 (Korea Bizwire) – A recent analysis of South Korea’s health insurance system has revealed a significant disparity affecting many self-employed individuals. According to data from the National Health Insurance Service, approximately 230,000 self-employed business owners are paying health insurance premiums based on their highest-paid employees’ salaries, even when their own incomes are lower. [...]
SEJONG, Sept. 28 (Korea Bizwire) – A recent government report reveals that more than one in three elderly South Koreans living alone have no one to talk to, highlighting a growing crisis of isolation among the country’s aging population. Statistics Korea released its 2024 Elderly Statistics report on September 26, painting a stark picture of the [...]
SEOUL, Sept. 27 (Korea Bizwire) – The rise of e-commerce in South Korea has led to a steady decline in retail employment, with the number of sales workers decreasing for 60 consecutive months, according to recent government data. Statistics Korea reported on September 26 that the number of sales workers last month stood at 2.55 million, [...]
SEOUL, Sept. 27 (Korea Bizwire) — Industrial disasters affecting immigrant workers are on the rise, driven by incidents at small manufacturing and construction worksites, with up to 10,000 cases expected this year, a labor ministry report showed Friday. A total of 6,715 applications for the recognition of industrial disasters were filed by both registered and [...]
SEOUL, Sept. 27 (Korea Bizwire) – For the first time in its history, Samsung Electronics, the South Korean tech giant, has more employees aged 40 and above than those in their 20s, according to a recent analysis. This demographic shift underscores a rapidly aging workforce at one of the world’s leading technology companies. The Korea CXO [...]
SEOUL, Sept. 27 (Korea Bizwire) — South Korea has produced the first homegrown engine for the country’s K9 self-propelled howitzer after a yearslong development project, the state arms procurement agency said Friday. The move comes after the country began the 32.16 billion-won (US$24.5 million) project in 2021, involving STX Engine Co., Hanwha Aerospace Co. and [...]
SEOUL, Sept. 27 (Korea Bizwire) – Woowa Brothers, the operator of South Korea’s popular food delivery app Baemin, is on track to top the list of workplace injury claims for the third year running, according to data released by the Korea Workers’ Compensation and Welfare Service. From January to August of this year, Woowa Brothers reported [...]