BUSAN, Jul. 26 (Korea Bizwire) — News is spreading of a possible outbreak of asbestos related-illness in Busan, once home to the largest textile factories in the country. Busan city government representative Jung Myeong Hee laid out the issue of health problems related to asbestos at the city government’s third plenary session in an emergency meeting [...]
BUSAN, Jul. 26 (Korea Bizwire) — To prevent sexual harassment arising from cultural differences, the Busan Police Department has taken measures to increase the awareness among foreigners of Korea’s policies and laws. On July 15, a woman in a bikini swimsuit on Busan’s popular Haeundae Beach noticed a foreigner filming her on his cellphone. She [...]
SEOUL, Jul. 26 (Korea Bizwire) — On July 25, Statistics Korea released its findings on the labor market for the elderly (ages 55 to 79). Titled “Results of Supplementary Research on the Elderly Labor Market for May, 2017”, the report contains extensive insight into the elderly population’s general work history, pensions, and attitudes towards work [...]
SEOUL, Jul. 26 (Korea Bizwire) — Koreans take the need for “rest” seriously. So seriously that recent surveys of salaried employees showed the number one concern and aim of their summer vacation was to rest and recuperate rather than travel. With catchy portmanteaus like “staycation” entering the everyday lingo, Koreans are increasingly looking to stay [...]
GANGNEUNG, Jul. 25 (Korea Bizwire) — Fish of a species found only in the deepest depths of the sea are popping up around Gangneung in Gangwon Province. As strange as the discoveries themselves, the appearance of the fish is causing a certain degree of fear and consternation among the public. Social media platforms are abuzz [...]
YONGIN, Jul. 25 (Korea Bizwire) — For many, summer conjures images of beaches, water parks and rollercoasters. On the flip side, for others, summer invokes images of stiflingly crowded beaches, pools that are warm because there are too many people standing around and intolerable lines where six hours gets you one ride at Lotte World’s [...]
SEOUL, Jul. 25 (Korea Bizwire) — Customers are increasingly forgoing established airlines such as Korean Air and Asiana Airlines for cheaper options. On July 24, the Ministry of Land, Infrastructure and Transport released figures that show the overall number of travelers opting for low cost carriers (LCC) for international travel steadily increased from January (24.1 [...]
SEOUL, Jul. 25 (Korea Bizwire) — Labor negotiations must not be going well for LG Chemical if it has to resort to illegal wiretaps to get an edge over its employees. On July 24, news spread that discussions between the company’s principal labor union and the firm over various mundane issues relating to wages and [...]
SEOUL, Jul. 25 (Korea Bizwire) — With the U.S. Yongsan Military Garrison’s move to Pyeongtaek looming, Seoul’s city government has sued the national government to request compensation for expenditures related to groundwater purification in the area to the tune of 540 million won. This marks the 13th time the city government has filed a lawsuit [...]
SEOUL, Jul. 24 (Korea Bizwire) — A decision to allow business owners and government employees to access Individual Retirement Plans (IRP) has the financial services industry abuzz. On the July 23, industry sources confirmed that the IRP’s current parameters for applicable clients will be expanded starting July 26. The reason for general excitement among banks, [...]