SEOUL, May 29 (Korea Bizwire) – The size of funds that invest in real estate and nontraditional assets has topped the 100 trillion-won (US$89 billion) mark as investors poured money into alternative vehicles seeking stable returns, industry data showed Sunday. According to the data compiled by the Korea Financial Investment Association (KOFIA), real estate funds and special asset funds with exposure to commodities, weather, artworks [...]
SEOUL, May 27 (Korea Bizwire) – A South Korean female navy officer was found hanged to death by her colleagues in an apparent suicide Wednesday, and revelations from an investigation into her death that she had been sexually assaulted have come to light, causing a public outcry. In a memo found in the navy officer’s room, [...]
SEOUL, May 26 (Korea Bizwire) – A new report says the South Korea capital of Seoul has much worse income inequality than any other place in the country, with one in eight adolescents doing literally nothing. According to the 2015 report on Seoul’s social welfare by the Seoul Institute released yesterday, the top 10 percent in [...]
SEOUL, May 26 (Korea Bizwire) – More than 220,000 foreigners are staying illegally in South Korea, according to government data released last month. According to the Korea Immigration Service, the number of foreign nationals currently residing in South Korea without a valid visa has been increasing for the past four months, with the latest figure [...]
SEOUL, May 26 (Korea Bizwire) – South Korean workers have generally negative views about internal whistleblowing, convinced that their companies’ anti-fraud measures are not effective and not fully enforced, a survey showed Friday. According to the Asia-Pacific Fraud Survey 2017 published by consulting firm EY, 61 percent of South Korea’s employees said they won’t use [...]
SEOUL, May 26 (Korea Bizwire) – Police will refrain from using excessive physical force at street rallies, a ranking officer at the National Police Agency (NPA) said Friday, in line with President Moon Jae-in’s calls for better protection of human rights. Lee Dae-hyung, an NPA officer in charge of human rights protection, said at a [...]
GANGWON, SOUTH KOREA, May 26 (Korea Bizwire) – Donghae City in Gangwon Province is holding a matchmaking event for 32 civil servants working for local governments tomorrow. With South Korea facing years of low marriage and birth rates, Donghae is taking matters into its own hands by becoming a matchmaker. Including a variety of events such [...]
SEOUL, May 26 (Korea Bizwire) – South Korean salaried workers spend nearly 70 percent of their monthly income on average, according to a new report from Nielsen Korea. The newly published Nielsen report, which was conducted with the participation of 1,000 individuals aged between 19 and 70 last month, revealed South Koreans spend on average 67 [...]
SEOUL, May 26 (Korea Bizwire) – The Korea Consumer Agency (KCA) has signed a business agreement with Singapore and Hong Kong, which will ensure safe online shopping for consumers from each country, the organization said yesterday. The KCA’s move to work with the Consumers Association of Singapore (CASE) and the Hong Kong Consumer Council (HKCC) will [...]
SEOUL, May 26 (Korea Bizwire) – A South Korean female naval officer died in an apparent suicide earlier this week after being allegedly raped by a senior colleague, the Navy said Thursday. Military police arrested the Navy captain who admitted to having sex with her. But he has denied the allegation of sexual assault, according to the Navy. The lieutenant of the Navy’s headquarters at the [...]