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Service Jobs in Retail Sector Offer Poor Work-Life Balance

Service Jobs in Retail Sector Offer Poor Work-Life Balance

SEOUL, Dec. 13 (Korea Bizwire) – At least half of the workers holding down service jobs in the retail sector have reported to work despite feeling unwell, a survey has found. Working while sick was one topic of discussion that was held among National Assembly politicians on December 13, during which the results of a [...]

Online Malls Suffer Losses in Keen Competition Despite Growing Sales: Sources

Online Malls Suffer Losses in Keen Competition Despite Growing Sales: Sources

SEOUL, Dec. 13 (Korea Bizwire) — South Korea’s online shopping malls are expected to post a combined 1 trillion won (US$915 million) operating loss this year as they offer excessive discounts in a competition with rivals to dominate the growing market, industry sources said Wednesday. The rising losses over the past few years come amid [...]

Hyundai Merchant to Launch Unit Train Service to Europe Through China

Hyundai Merchant to Launch Unit Train Service to Europe Through China

SEOUL, Dec. 12 (Korea Bizwire) — Hyundai Merchant Marine Co. said Tuesday it will soon launch a block train service to Europe via the Trans China Railway (TCR) from South Korea. The unit train service to Europe by way of China will be the first of its kind, although South Korean firms have already launched [...]

Second Pangyo Techno Valley to Accommodate 1200 Startups by 2022

Second Pangyo Techno Valley to Accommodate 1200 Startups by 2022

SEJONG, Dec. 12 (Korea Bizwire) — The South Korean government has announced plans for a second Pangyo Techno Valley by 2022, which will provide office space to nearly 1,400 businesses at affordable prices to boost promising startup companies. Under the startup complex project plan revealed on Monday, a new industrial complex will be built in addition [...]

Hotel Shilla Opens Duty-free Store in Hong Kong Airport

Hotel Shilla Opens Duty-free Store in Hong Kong Airport

SEOUL, Dec. 12 (Korea Bizwire) — Hotel Shilla Co. partially began operating its duty-free chain at the Hong Kong International Airport on Tuesday, expanding its overseas foothold in the business, the company said. The operator of Shilla Duty Free secured the business license for the fragrance, cosmetics and fashion accessories zone at the airport earlier [...]

Tariff on LNG Imports Faces Backlash from Energy Firms

Tariff on LNG Imports Faces Backlash from Energy Firms

SEJONG, Dec. 12 (Korea Bizwire) — South Korean energy companies are resisting a recent government decision to impose a huge tariff on steel giant POSCO for its imports of low-priced liquefied natural gas (LNG), industry sources said Tuesday. The backlash comes after the Korea Customs Service (KCS) informed the country’s leading steelmaker on Nov. 30 [...]