SEOUL, Sept. 4 (Korea Bizwire) – What do insurance planners, delivery workers, golf caddies, home-school teachers, and designated drivers have in common in Korea? The answer is that they are subscribed as “individual contributors” to the national pension plan. This may change, however, says National Pension Service (NPS) and Ministry of Health and Welfare (MOHW). The [...]
SEOUL, Sept. 4 (Korea Bizwire) – Chey Min-jeong, the younger daughter of SK Group chief Chey Tae-won, is again drawing attention nationwide for an unconventional career path. According to Korea’s third-largest conglomerate, the younger Chey, 27, landed a job in July 2018 at the global merger and acquisition team of Hony Capital, an investment firm [...]
SEOUL, Aug. 31 (Korea Bizwire) — The World Institute of Kimchi announced on Aug. 30 that it had discovered lactic acid bacteria that are effective in preventing and treating eczema, also known as atopic dermititis. This bacteria, labeled Weisella Sakei WiKim30, is the institute’s second finding after Weisella Cibaria WiKim28 last April. The latest study [...]
SEOUL, Aug. 31 (Korea Bizwire) — Negative sentiment is growing against a family succession plan at Myungsung Church, one of the biggest churches in Korea by congregation size. The Presbyterian church located in the southeastern district of Gangdong-gu, Seoul, is at the center of controversy, after Reverend Kim Ha-na was named lead pastor. Kim Ha-na is the [...]
SEOUL, Aug. 31 (Korea Bizwire) – With a woman who blocked the entrance to an apartment parking lot in retaliation for receiving a parking sticker drawing a nationwide attention, foreigners living in Songdo, where the drama unfolded, have been relaying information on the whereabouts of the event. The whole thing started on Monday afternoon when a worker [...]
SEOUL, Aug. 31 (Korea Bizwire) – At least 4 out of 10 South Korean students would have chosen to study abroad had it not been for the international schools situated within the Jeju Global Education City (JGEC). According to a survey conducted by the Jeju Free International City Development Center (JDC) between December 2017 and January 2018, [...]
SEOUL, Aug. 31 (Korea Bizwire) – An increasing number of 50- and 60-somethings in Korea are getting national qualifications for technical skills, as they seek out their second life. According to a press release from the Ministry of Employment and Labor (MOEL) on Aug. 29, 63,929 out of 677,686 technical qualification certificates were issued to test [...]
SEOUL, Aug. 30 (Korea Bizwire) – Consumer sentiment has turned pessimistic in South Korea, hitting a new 17-month low. The Composite Consumer Sentiment Index (CCSI) for August plunged to 99.2, down 1.8 points from the previous month, according to a survey by the Bank of Korea (BOK) on Aug. 28. This marks the lowest CCSI score [...]
SEOUL, Aug. 31 (Korea Bizwire) – On Aug. 29, the Seoul Central District Court found a film director and a producer innocent, both of whom were accused of defaming late President Rhee Syngman. The director and the producer, referred to only as Kim and Choi, created the documentary film “Hundred Years’ War in Korea”. The film, [...]
SEOUL, Aug. 29 (Korea Bizwire) — The Republic of Korea Army (ROKA) said on August 27 that the first recruitment for long-term Non-Commissioned Officers(NCOs) drew 2,155 applicants for 255 vacancies – each applicant having an average of 8.5 competitors. According to army officials, the longer service period coupled with the worsening job market have boosted [...]