SEOUL, May 18 (Korea Bizwire) – Hyundai Motor Co. has launched the hybrid version of its latest Sonata sedan to diversify its lineup, the company said Thursday. The Sonata New Rise Hybrid went on sale earlier in the day in the domestic market with a lifetime battery warranty, 10-year/200,000-kilometer warranty on parts for hybrid [...]
SEOUL, May 18 (Korea Bizwire) – Following years of criticism against the poor working conditions suffered by apartment janitors, who sometimes work up to fifteen hours per day, efforts to improve the situation are being reported across the country. A number of supportive measures at both the city and district level include a subsidy for construction [...]
SEOUL, May 18 (Korea Bizwire) – South Korean telecom provider LG Uplus is launching a NarrowBand IoT-based smart waste collection system next month in Gyeonggi Province’s Goyang City, the company announced yesterday. The new project will see IoT sensors installed on the inside of the lid of trash cans on city’s main streets and in densely [...]
SEJONG, May 18 (Korea Bizwire) – South Korea’s overseas direct investment hit a record high in the first quarter of this year on increased demand for mergers and acquisitions in the retail and information service sectors, government data showed Thursday. The overall overseas direct investment totaled US$10.71 billion in the January-March period, up 30.2 percent from $8.23 billion tallied a year ago, according to the data compiled by [...]
TAEBAEK, SOUTH KOREA, May 18 (Korea Bizwire) – An annual rapeseed flower festival in Taebaek has been cancelled amid fears over flower samples that tested positive for living modified organisms. Festival authorities announced yesterday the cancellation of this year’s local flower festival after discovering genetically modified flowers. Marking its sixth year, Taebaek’s rapeseed flower festival was [...]
SEOUL, May 18 (Korea Bizwire) – Individuals who live alone are a lot less happy than those who live with others, a new survey has found. Using data gathered from a local social survey, the Gwangju Welfare Foundation found the average level of happiness among single households was 6.29 out of 10, over 0.5 points [...]
SEOUL, May 18 (Korea Bizwire) – President Moon Jae-in on Wednesday tapped a well-known critic of large conglomerates as the new chief of the corporate watchdog Fair Trade Commission (FTC). Kim Sang-jo, a economics professor from Seoul’s Hansung University, has been nominated as the new head of the FTC, according to the presidential office Cheong Wa Dae. “He has been nominated as he is considered the right person to set the direction for a new relationship between larger and smaller businesses based [...]
SEOUL, May 18 (Korea Bizwire) – Citibank Korea, the local unit of U.S. banking giant Citigroup, said Wednesday that it will convert almost all nonregular workers on its payroll into regular employees by the end of this year. Citibank Korea said the beneficiaries include about 300 tellers and other workers with low wages, which account for 8.5 percent of its total staff. Bank CEO Park Jin-hei said the agenda to change [...]
SEOUL, May 17 (Korea Bizwire) – South Korean carmaker Hyundai Motor is planning to include active safety technology in all of its compact car models, a company official said yesterday. Speaking at a global autonomous driving conference held yesterday, Lee Jin-woo, the head of Hyundai Motor’s Intelligent Safety Technology Center revealed the company’s all-out efforts to [...]
SEOUL, May 17 (Korea Bizwire) – Despite growing demand for delivery apps that is creating tens of thousands of jobs, delivery people are overlooked by current labor laws in South Korea, leaving many of them vulnerable to legal loopholes and breaches of employee rights. Suitable to the busy lifestyle of South Koreans who want to enjoy [...]