SEOUL, Jan. 21 (Korea Bizwire) — Industrial accident claims from delivery service workplaces increased dramatically last year, reaching approximately 1,500 cases – nearly five times the number reported in 2020, according to new government data. The figures, released on January 20 by the Korea Workers’ Compensation & Welfare Service and analyzed by Rep. Kim Wi-sang of [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s leading construction company, Samsung C&T, has secured the rights to develop the Hannam District 4 redevelopment project, outbidding its rival Hyundai Engineering & Construction and marking its entry into the Hannam New Town development project. The win positions Samsung C&T favorably for future landmark projects, including the highly [...]
SEOUL, Jan. 20 (Korea Bizwire) — The oceans ministry said Monday it will spare no effort to successfully prepare for a global maritime conference scheduled to be held in the country this April, providing a venue for countries and civic societies to discuss the future of the sector. The 10th Our Ocean Conference (OOC) will [...]
SEJONG, Jan. 20 (Korea Bizwire) — With Donald Trump’s inauguration as U.S. president on January 20, 2025, South Korea’s competition policy faces heightened uncertainty due to his administration’s protectionist agenda and potential pushback against regulatory moves targeting Big Tech firms. U.S. Resistance to South Korean Platform Regulation South Korea’s proposed legislative reforms aimed at curbing [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korea is set to allow companies to establish in-house graduate schools that can confer official master’s and doctoral degrees, marking a significant shift in corporate education and workforce development. The Ministry of Trade, Industry and Energy announced on January 16, 2025, that the enforcement decree for the “Special [...]
SEOUL, Jan. 17 (Korea Bizwire) — Ediya Co., South Korea’s fourth-largest coffee franchise by sales, said Friday it has signed a master franchise deal with a Lao company to enter the Southeast Asian country this year. Ediya plans to open its first outlet in Laos in June under the partnership with Grandview Property Sole Co., [...]
JEONJU, Jan. 17 (Korea Bizwire) — A team of South Korean researchers have made a groundbreaking discovery about how onions produce their distinctive pungent compound, isoallicin, revealing it to be part of the vegetable’s natural defense system, the Rural Development Administration (RDA) announced on January 16. The study marks the first time scientists have identified the [...]
POHANG, Jan. 16 (Korea Bizwire) — The Ministry of SMEs and Startups has extended the designation of Pohang’s small business special support zones in response to economic challenges faced by the city’s steel and secondary battery industries. According to Representative Lee Sang-hwi of the People Power Party on January 15, the ministry has renewed the special [...]
SEOUL, Jan. 16 (Korea Bizwire) — The Ministry of Environment announced on January 15 that it has revised guidelines to extend government support for the removal of asbestos-containing slate roofing to small facilities serving the elderly and children. Slate roofing materials, which were widely used in the 1960s and 1970s, contain 10-15% asbestos, a Class 1 [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s standard agency said Wednesday it plans to enhance safety surveillance of products sold on overseas shopping platforms amid soaring direct purchases made by local consumers. Under the plan, the country will monitor the safety of 1,000 products sold on major overseas platforms this year, sharply up from [...]