SEOUL, Jan. 2 (Yonhap) — An internal feud has erupted within Fantagio Corp., a mid-sized entertainment agency in South Korea, in the wake of the recent dismissal of its CEO by a China-based shareholder, according to employees Tuesday. Last Thursday, Fantagio founder and CEO Na Byeong-joon was unilaterally fired by JC Group, a China-based private [...]
SEOUL, Jan. 2 (Korea Bizwire) — NCsoft, one of South Korea’s top game developers, is set to introduce a flexible working hours policy that has industry watchers hopeful a positive change is coming to the infamous working conditions — described as “murderous” — in the gaming industry. The company revealed on the first day of [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s working-age population is shrinking much faster than in other countries after hitting its peak in 2016, a report said Tuesday. According to the Health and Welfare Forum published by the Korea Institute for Health and Social Affairs (KIHASA), only the under-40 population was projected to drop among [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korean football club Daegu said Tuesday they’ve signed two Brazilian forwards. The K League Classic club said Herlison Caion de Sousa Ferreira and Jean Carlos Cloth Goncalves inked multiple-year contracts, but didn’t release further details. Caion, as he is commonly known, previously played in South Korea after he [...]
SEOUL, Jan. 2 (Korea Bizwire) — Foreigners living in South Korea can file a complaint with the nation’s regulator about financial transactions in 14 languages, the Financial Supervisory Service (FSS) said Tuesday. If a foreign resident is not satisfied with financial products or services provided, he or she should contact the FSS’ call center at [...]
SEOUL, Dec. 29 (Korea Bizwire) – For better or worse, cryptocurrency has become a subject of intense interest this year, as skyrocketing valuations – of Bitcoin in particular – had amateur and experienced investors alike salivating, while the government grew increasingly uneasy over the effect the bull market was having on society at large. Most [...]
SEOUL, Dec. 29 (Korea Bizwire) – Since the December 21 fire that engulfed a nine-story sports complex in Jecheon, the South Korean public has become anxious over visiting public baths or establishments frequented by many people. Such concerns were evident in discussions that took place in one online community for housewives. One commenter wrote, “The [...]
SEOUL, Dec. 29 (Korea Bizwire) – A work program for the homeless has provided jobs to 200 in the past six years, the Seoul city government announced on December 29. Every six months, 20 individuals wishing to become economically self-reliant are selected and given jobs as public janitors. While employed, they are guaranteed monthly rent, [...]
SEOUL, Dec. 29 (Korea Bizwire) – A citizen jury to be manned by residents of Goheung County, South Jeolla Province, has been established in response to increased legal action within the community. An excessive number of lawsuits have been filed in Goheung County pertaining to matters dealing with the area’s business development. Rather than seeking to litigate, [...]
SEOUL, Dec. 29 (Korea Bizwire) — Hyundai Glovis Co., the auto freight unit of South Korea’s Hyundai Motor Group, said Friday that it has secured 1.42 trillion won (US$1.3 billion) in orders to ship vehicles built by Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. Under the two separate deals, Hyundai Glovis said [...]