Korea Bizwire, Author at Be Korea-savvy | Page 5 of 722
ACI, Council of State refers decision on commissioner appointment back to TAR for full review

ACI, Council of State refers decision on commissioner appointment back to TAR for full review

MILAN, June 23, 2025 (Korea Bizwire) – With ordinance no. 2254/2025, published on 20 June, the Third Chamber of the Italian Council of State ruled on the precautionary appeal filed by engineer Angelo Sticchi Damiani, challenging the decision issued on 21 February 2025 by the Prime Minister’s Office. That decision, pursuant to Article 65, paragraph [...]

At 1,000 Days in Office, Korea’s Top Buddhist Leader Charts a Digital Future for an Aging Faith

At 1,000 Days in Office, Korea’s Top Buddhist Leader Charts a Digital Future for an Aging Faith

SEOUL, June 23 (Korea Bizwire) — With the rhythmic crack of a jukbi (bamboo clapper) echoing through Jogyesa Temple in central Seoul, more than 400 monks and lay followers bowed in unison—once, twice, continuing until they completed 108 prostrations. The ritual, representing the 108 earthly afflictions in Buddhist teachings, marked a deeply symbolic milestone: the 1,000th [...]

Wealth, Marriage, and Zip Code Shape Retirement Outlook for Koreans in Their 30s to 60s

Wealth, Marriage, and Zip Code Shape Retirement Outlook for Koreans in Their 30s to 60s

SEOUL, June 23 (Korea Bizwire) — South Koreans in their 30s to 60s scored an average of 69.9 out of 100 in overall retirement preparedness, reflecting modest improvement over the past five years but revealing persistent disparities across income levels, marital status, and geographic regions. According to a new government-commissioned report released by the Korea [...]

Korean Hotel Chains Expand ‘Asset-Light’ Growth Through Management Contracts

Korean Hotel Chains Expand ‘Asset-Light’ Growth Through Management Contracts

SEOUL, June 23 (Korea Bizwire) — South Korea’s hotel industry is increasingly turning to management contracts as a cost-effective strategy to boost profitability and accelerate global expansion without the burden of large capital expenditures. Major chains such as Lotte Hotels & Resorts and Hotel Shilla are shifting away from traditional asset-heavy models toward “asset-light” approaches, securing [...]

Catastrophic Medical Expenses Rise for Second Year in South Korea, Disproportionately Affecting Low-Income Households

Catastrophic Medical Expenses Rise for Second Year in South Korea, Disproportionately Affecting Low-Income Households

SEOUL, June 23 (Korea Bizwire) — The share of South Korean households burdened by catastrophic medical expenses—those that exceed 40 percent of a household’s ability to pay—rose for the second consecutive year, according to new government data, highlighting widening healthcare inequality despite improvements in overall access to treatment. A joint report released Saturday by the Korea [...]

Korean Platforms Tighten Content Rules as Extremist Speech and Criminal Plots Surge Online

Korean Platforms Tighten Content Rules as Extremist Speech and Criminal Plots Surge Online

SEOUL, June 23 (Korea Bizwire) — As online platforms in South Korea face growing scrutiny over the spread of extremist speech and criminal activity, major tech firms are stepping up content moderation policies—even amid concerns over free speech and algorithmic overreach. Naver’s streaming platform, Chzzzik, recently restricted access to a broadcaster’s channel after the streamer made [...]

Bitget Partners with MotoGP for a High-Speed Collision of Tech and Speed

Bitget Partners with MotoGP for a High-Speed Collision of Tech and Speed

Crypto exchange and motorsport collide as Bitget officially becomes the regional partner for selected Grand Prix events in 2025 SCARPERIA E SAN PIERO, Italy, June 22, 2025 (Korea Bizwire) – Bitget, the leading cryptocurrency exchange and Web3 company, is teaming up with MotoGP, the highest class of motorcycle road racing events, in a high-octane partnership that [...]

LG Energy Solution Launches First European Battery Tech Talent Drive in Frankfurt

LG Energy Solution Launches First European Battery Tech Talent Drive in Frankfurt

SEOUL, June 22 (Korea Bizwire) — In a bid to bolster its global R&D capabilities, South Korea’s LG Energy Solution held its first-ever European edition of the Battery Tech Conference (BTC) this week in Frankfurt, Germany, drawing top science and engineering talent from across the continent. The BTC, LG Energy Solution’s flagship global recruitment initiative, aims [...]

South Korea to Approve Over 18,000 New Foreign Worker Permits in July Amid Expanding Job Categories

South Korea to Approve Over 18,000 New Foreign Worker Permits in July Amid Expanding Job Categories

SEOUL, June 23 (Korea Bizwire) — South Korea’s Ministry of Employment and Labor announced Saturday that it will accept applications for new employment permits for foreign workers from July 7 to 18 through local labor offices nationwide, as part of the country’s third-round quota for 2025. A total of 18,054 foreign workers will be newly authorized [...]