SEOUL, March 15 (Korea Bizwire) — Not only do roughly one-third of South Korea’s younger workforce not get enough sleep, but the sleep they do get is of poor quality. After a study into sleep quality and time spent asleep among 1,262 employed individuals between the ages of 25 and 35, mattress company Ace Bed [...]
SEOUL, March 15 (Korea Bizwire) — First Lady Kim Jung-sook is a woman of her word. Leading up to the March 9 opening ceremony of the Paralympics, Kim issued a statement through Blue House deputy spokesperson Ko Min-jung declaring that she would “attend every event our country’s athletes compete in throughout the Paralympics if possible”. [...]
SEOUL, March 15 (Korea Bizwire) — A study conducted by the Ministry of Health and Welfare has found that the average monthly wage of South Korean physicians was 13.04 million won in 2016, an amount 4.6 times and 8.7 times higher than the average monthly salaries of full-time laborers (2.79 million won) and non-regular workers [...]
SEOUL, March 15 (Korea Bizwire) — In the wake of Stephen Hawking’s passing yesterday, book sellers are reporting a sharp rise in sales of published literature written by the late British physicist. Major book store chain Kyobo Book Centre said sales had jumped thirtyfold as of 5 p.m. yesterday (120 books) compared to the day [...]
SEOUL, March 15 (Korea Bizwire) — The government’s decision to reduce the maximum extended weekly working hours from 68 to 52 will lead to a drop in wages but growth in hiring, according to a report by the National Assembly Budget Office. Average monthly salaries are estimated to drop by 11.5 percent (377,000 won), with [...]
SEOUL, March 14 (Korea Bizwire) — South Korea’s top mobile carrier SK Telecom Co. said Wednesday the monthly users of its artificial-intelligence speaker NUGU hovered above 3 million as of February, with the number of conversations taking place rising at a rapid pace. The company said the number of active users for its AI speakers [...]
SEOUL, March 14 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Wednesday they won a deal to supply a total of 1,000 vehicles to the United Nations’ organizations over the next five years. Hyundai and Kia, which together form the world’s fifth-biggest carmaker by sales, won the bid to export [...]
SEOUL, March 14 (Korea Bizwire) — A Thai terrestrial network will broadcast remakes of popular South Korean TV programs, a South Korean media company said Wednesday. CJ E&M said the channel True4U will broadcast Thai adaptations of the TV series “Oh My Ghost,” the reality show “Grandpas Over Flowers” and the rap competition show “Show [...]
SEOUL, March 14 (Korea Bizwire) — The number of people who subscribed for new mobile phone discount fees surpassed the 10 million-mark in six months, the ICT ministry said Wednesday. In September 2017, the discount rate of monthly mobile phone plans provided by the three telecom firms — SK Telecom Co., KT Corp. and LG [...]
SEOUL, March 14 (Korea Bizwire) — Over half of main domestic pharmaceutical and biotech firms have been found to mark R&D investments down as assets rather than expenses. As this accounting approach could result in on-paper operating profits appearing much higher than in actuality, possibly giving rise to a “profit illusion”, the need for thorough [...]