SEOUL, Sept. 6 (Korea Bizwire) – A recent government study has revealed startling disparities in the cost of medical procedures across South Korea, with some treatments varying in price by as much as 23 times between different healthcare providers. The Ministry of Health and Welfare and the Health Insurance Review and Assessment Service (HIRA) announced on [...]
SEOUL, Sept. 6 (Korea Bizwire) – As inflation continues to squeeze household budgets, South Korean consumers are increasingly turning to budget-friendly options at convenience stores. CU, one of the country’s leading convenience store chains, reported a significant surge in sales of products priced under 1,000 won on September 5. The trend reflects a broader shift in [...]
CHUNGNAM, Sept. 6 (Korea Bizwire) – In a dramatic display of frustration, farmers across seven cities and counties in South Korea’s South Chungcheong Province took to their fields on September 5, using tractors to plow under their rice crops just weeks before harvest. The action came as part of a larger protest organized by the South [...]
SEOUL, Sept. 5 (Korea Bizwire) – A fierce “recruitment war” is unfolding across South Korea as hospitals scramble to staff their emergency rooms, highlighting a growing crisis in the country’s healthcare system. Some hospitals are offering annual salaries of up to 400 million won for emergency medicine specialists, yet still struggle to fill positions. The situation [...]
SEOUL, Sept. 5 (Korea Bizwire) — North Korea again started floating balloons into South Korea on Thursday morning, South Korea’s military said, hours after it sent hundreds of balloons across the border the previous day. “As (North Korea) has again been floating balloons since 9 a.m., we advise the public to beware of falling objects [...]
SEOUL, Sept. 5 (Korea Bizwire) – Audi, once a dominant player in South Korea’s imported car market, is facing a series of challenges that threaten its position in the country. The German luxury automaker, previously part of the “Big Three” German premium brands alongside BMW and Mercedes-Benz, is grappling with plummeting sales and the closure of [...]
SEOUL, Sept. 5 (Korea Bizwire) — The difficulty that hospitals face in operating emergency rooms has long been a serious issue in South Korea, the health ministry said Thursday, adding that it is a major reason for the government to push for medical reform that includes the increase in the medical school admission quota. Concerns [...]
SEOUL, Sept. 5 (Korea Bizwire) – As international travel demand surges, foreign airlines operating in South Korea are facing a consumer complaint rate three times higher than that of domestic carriers, according to a report released on September 4 by the Korea Consumer Agency (KCA). The KCA reported that from last year through the first half [...]
SEOUL, Sept. 5 (Korea Bizwire) – A Seoul court of appeals again reversed a district court ruling on compensation for South Korean victims of Japan’s wartime forced labor Thursday, ordering Japan’s Nishimatsu Construction Co. to compensate five victims. The Seoul High Court ruled that the Japanese company has to pay 20 million won (US$15,000) to [...]
SEOUL, Sept. 5 (Korea Bizwire) – LG Electronics announced on September 4 that it will showcase its new transparent OLED TVs at Frieze Seoul 2024, reinterpreting the works of a master of abstract ink painting. The four-day art fair, considered one of the two major contemporary art fairs alongside Art Basel, is being held at COEX [...]