Korea Bizwire, Author at Be Korea-savvy | Page 89 of 118
[Stats] Consumer Claims Associated with Wedding Hall Troubles

[Stats] Consumer Claims Associated with Wedding Hall Troubles

[Related Article] Excessive Cancellation Fee of Wedding Halls Now Ruled Illegal (Korea Bizwire, May 1) Wedding halls will now have to break away from the practice of forfeiting the deposit money even when couples cancel their bookings months before their wedding day. Furthermore, wedding halls are now banned from charging excessive cancellation fees when newlyweds call off [...]

Korea’s Low-wage Fact: Half of Employees Earn Less than $2K a Month

Korea’s Low-wage Fact: Half of Employees Earn Less than $2K a Month

SEOUL, Korea, May 1, 2014 (Korea Bizwire) – About half of salaried workers in Korea are earning less than 2 million won (US$1,937) a month, reflecting  growing income inequality in the society. Meanwhile, about 30 percent of those in financial services and science and technology professions earn monthly pay of more than 4 million won. More than half of those [...]

New Rules to Allow Consumers to Cancel Insurance Policies by Phone Call

New Rules to Allow Consumers to Cancel Insurance Policies by Phone Call

SEOUL, Korea, April 30, 2014 (Korea Bizwire) – The Financial Services Commission said on April 30 that it would make an advance legislation notice on May 2 on revised enforcement ordinances related to insurance policy cancellation. According to the new rules, consumers will be able to cancel their insurance policies within 15 days after receiving [...]

[Stats] Number of Startup Companies

[Stats] Number of Startup Companies

[Related Article] Start-up Rises out of Necessity, not by Entrepreneurship (Korea Bizwire, May 1) First-quarter figures for new start-ups signal that the economy may be finally in full recovery pace. Given there are many “micro” businesses whose capital is below 10 million won headed by middle-aged entrepreneurs, however, it is too early to tell… (see the full [...]

[Stats] Number of Consumer Complaints Related to Mobile Games

[Stats] Number of Consumer Complaints Related to Mobile Games

[Related Article] PIN Becomes Essential for App Market Access (Korea Bizwire, May 1) To prevent unintentional mobile application payments, various institutional strategies will be provided such as obligated password input and exposure of payment information notice while using the app markets..… (see the full text of this news) Infographics Design Team (Infographic@kobizmedia.co.kr)