SEOUL, Feb. 27 (Korea Bizwire) — Cargo processed at South Korean ports slipped 7.6 percent in January compared with the previous year as shipments of raw materials and vehicles fell on weak demand, government data showed Tuesday. The total volume of sea cargo reached 128 million tons in January, compared with 138.8 million tons a [...]
SEOUL, Feb. 27 (Korea Bizwire) — A top South Korean defense official used an international expo on advanced arms systems in the Middle East this week as an opportunity to explore ways to deepen overseas military partnerships, the authorities here said Tuesday. Vice Defense Minister Suh Choo-suk attended the third Unmanned Systems Exhibition & Conference [...]
SEOUL, Feb. 27 (Korea Bizwire) — A South Korean parliamentary committee on Tuesday passed a bill aimed at shortening legal working hours despite businesses’ concerns over its possible impact on corporate productivity. The revision bill calls for reducing the country’s maximum statutory working hours to 52 hours a week from the current 68 hours. The [...]
SEJONG, Feb. 27 (Korea Bizwire) — Jobs offered by government agencies and state-funded corporations accounted for less than 10 percent of the country’s labor market in 2016, government data showed Tuesday, amid President Moon Jae-in’s call for expanding public employment. A total of 2.36 million people were employed in 2016 by the public sector, including [...]
SEOUL, Feb. 27 (Korea Bizwire) – By October at the latest, the Ministry of Food and Drug Safety plans to revise the Medical Devices Act so that medical devices purchasable by consumers are henceforth required to be sold with prices on display. The reason necessitating the price display scheme is the continual harm suffered by [...]
SEOUL, Feb. 27 (Korea Bizwire) – The immense star power of “Team Kim” at the PyeongChang 2018 Winter Olympics has household appliance makers coveting the silver medal winning curlers as endorsement models for vacuum cleaning products. Despite views being expressed that the curlers would be a perfect fit for a vacuum cleaner TV commercial, a [...]
SEOUL, Feb. 27 (Korea Bizwire) – With the #MeToo movement continuing to grow, a recent survey has revealed a strong majority of South Koreans to be in favor of removing the work of writers and artists suspected of committing acts of sexual violence from textbooks. Among those alleged to have engaged in sexual impropriety is [...]
SEOUL, Feb. 26 (Korea Bizwire) — More than 200,000 tourists visited a facility for promoting South Korea and providing support for international athletes and guests during the PyeongChang Winter Olympics, a state tourism agency said Monday. The Korea Tourism Organization (KTO) and the Korean Sport & Olympic Committee jointly operated Team Korea House at the [...]
SEOUL, Feb. 26 (Korea Bizwire) — A group of South Korean scientists have developed an artificial intelligence-based processor that can be utilized for various deep learning technology, the ICT ministry said Monday. According to the Ministry of Science and ICT, the team led by Yoo Hoi-jun of the Korea Advanced Institute of Science and Technology [...]
SEOUL, Feb. 26 (Korea Bizwire) — South Korea’s arable land shrank in 2017 from a year earlier as some rice paddies and fields were converted into residential houses or public facilities, data showed Monday. The size of arable land came to 1.62 million hectares at the end of last year, down 1.4 percent on-year, according [...]