SEOUL, March 21 (Korea Bizwire) — Stressed out and understaffed, all the while burdened under corrupted mentoring practices that are more closely identified with bullying than teaching, South Korean nurses are working to treat patients under poor conditions. In a past survey of 11,662 nurses and workers in the healthcare industry carried out by the [...]
SEOUL, March 21 (Korea Bizwire) — The PyeongChang 2018 Winter Olympics were close to starting off on a bad note had hackers behind a cyber-attack that occurred during the March 9 opening ceremony harbored greater ill-intentions. Named “Olympic Destroyer”, the malicious code caused IPTVs in the Olympic Main Press Center to switch off and made [...]
SEOUL, March 21 (Korea Bizwire) — Domestic efforts to produce effective training solutions for Winter Olympic sports are gradually bearing fruit, cutting into South Korea’s past sole reliance on foreign developers. Researchers at Seoul National University have developed a technology that assists winter athletes in assuming the most effective posture for results by gauging the [...]
GOESAN COUNTY, March 20 (Korea Bizwire) — With foreign workers increasingly assuming a crucial role on many of South Korea’s farms, there is growing sentiment that the uglier aspects of the migrant worker experience, ranging from human rights abuses to punishing amounts of overwork, need to be addressed. Foreign workers found on farms come through [...]
SEOUL, March 20 (Korea Bizwire) — A Seoul court said it will hold a hearing Thursday to determine whether to issue an arrest warrant for former President Lee Myung-bak, who is accused of a dozen corruption charges, including bribery, embezzlement and abuse of power. The Seoul Central District Court said Tuesday it will begin the [...]
SEOUL, March 20 (Korea Bizwire) — South Korea’s egg prices fell sharply in recent weeks compared to last year, despite the massive culling of chickens, due to outbreaks of avian influenza, data by a local trade cooperation showed Tuesday. The average price of a carton containing 30 eggs dropped to 4,718 won (US$4.40) as of [...]
SEOUL, March 20 (Korea Bizwire) — The unit price of furniture sold in 2017 dropped from a year earlier, while that of consumer electronics rose amid shifting consumer trends centered on single and two-person households, industry sources said Tuesday. The unit price for furniture fell 3 percent on average, with prices for sofas and tables [...]
SEOUL, March 20 (Korea Bizwire) — South Korea’s credit card companies saw their combined net profit drop last year due to a sharp rise in loan-loss provisions and marketing costs, data showed Tuesday. Eight standalone credit card firms posted a combined net profit of 1.22 trillion won (US$1.13 billion) in 2017, down 32.3 percent from [...]
SEOUL, March 20 (Korea Bizwire) — Vietnam is expected to outstrip the United States as South Korea’s second-largest export destination in 2020 thanks to a bilateral free trade deal, a report said Tuesday. “Bilateral trade is expected to exceed US$100 billion in 2020, making Vietnam the No. 2 destination for South Korean exports after China,” [...]
SEOUL, March 20 (Korea Bizwire) — While certain elements of day-to-day living have improved according to non-Korean staff employed at foreign-invested enterprises, there appears to be plenty of areas where South Korea can do better, as a recent KOTRA study found only 27.3 percent (300 foreigners employed at foreign-invested enterprises) expressed satisfaction with the management [...]