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Over Half of Koreans Predict Negative Economic Effect from Minimum Wage Hike

Over Half of Koreans Predict Negative Economic Effect from Minimum Wage Hike

SEOUL, Jan. 18 (Korea Bizwire) — More than half of South Koreans think this year’s minimum wage hike will have a negative effect on the economy, a survey showed Friday. The poll of 1,002 adults nationwide by Gallup Korea found 52 percent of people predict negative economic effects from the latest minimum wage increase. Only [...]

Local Governments Compete to Attract SK hynix Semiconductor Cluster

Local Governments Compete to Attract SK hynix Semiconductor Cluster

GUMI, Jan. 17 (Korea Bizwire) – With the construction plan for SK hynix Inc.’s 120 trillion won (US$106 billion) cluster for semiconductors to be announced next month, the city of Gumi in North Gyeongsang Province is rushing to come up with a master plan to be selected as the site for the cluster. The Ministry of Economy [...]

S. Korea Seeks to Produce 6.2 Million Hydrogen Cars by 2040

S. Korea Seeks to Produce 6.2 Million Hydrogen Cars by 2040

SEJONG, Jan. 17 (Korea Bizwire) — South Korea announced a hydrogen economy policy blueprint on Thursday that centers on promoting eco-friendly automobiles and power cells that could create 43 trillion won (US$38.2 billion) worth of wealth in 2040. The Ministry of Trade, Industry and Energy said the policy is focused on building a society that [...]

Int’l Airports in Provincial Cities Plagued by Congestion, Delay Problems

Int’l Airports in Provincial Cities Plagued by Congestion, Delay Problems

SEOUL, Jan. 17 (Korea Bizwire) — South Korea’s international airports in provincial cities are struggling to cope with growing congestion and delay problems due to the slow pace of facility expansion, officials and passengers said Thursday. The capacity problem is particularly serious at international airports on Jeju Island and in Busan and Daegu, they said. [...]

Popularity of Shared Workspaces Soars

Popularity of Shared Workspaces Soars

SEOUL, Jan. 16 (Korea Bizwire) — IGIS Asset Management Co. shared a report on Tuesday which analyzes the backdrop and prospects of office sharing in the Seoul Metropolitan Area. According to the report, office sharing accounts for 90 percent of service-oriented office leases in Seoul. Commercial office space is typically divided into general office and [...]