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Long Working Hours, Falling Wages Threaten S. Korea’s Gig Economy Workers

Long Working Hours, Falling Wages Threaten S. Korea’s Gig Economy Workers

SEOUL, Jan. 15 (Korea Bizwire) — Platform workers, the lifeblood of the country’s emerging gig platforms that offer delivery, ride-hailing and housekeeping services, are often exposed to dire working conditions such as low pay and long working hours, a study showed Wednesday. In contrast to the notion the lifestyle would give workers the freedom to [...]

Netflix Ordered to Amend ‘Unfair’ Terms of Subscription in S. Korea

Netflix Ordered to Amend ‘Unfair’ Terms of Subscription in S. Korea

SEJONG, Jan. 15 (Korea Bizwire) — South Korea’s antitrust regulator said Wednesday it has ordered Netflix Inc., a global internet entertainment service provider, to amend “unfair” terms and conditions in its subscription contracts. The Fair Trade Commission (FTC) said Netflix is required to notify subscribers of its plan to change fees and obtain consent from [...]

Incheon Int’l Airport’s Annual Passengers Top 70 mln for First Time

Incheon Int’l Airport’s Annual Passengers Top 70 mln for First Time

SEOUL, Jan. 9 (Korea Bizwire) — The annual number of passengers using Incheon International Airport, the gateway to Seoul, topped 70 million for the first time last year, its operator said Thursday. According to Incheon International Airport Corp. (IIAC), a record 71.17 million passengers used Incheon International Airport in 2019, marking an increase of 4.3 [...]

Controversy Looms over Delivery Hero’s Proposed Takeover of Woowa

Controversy Looms over Delivery Hero’s Proposed Takeover of Woowa

SEOUL, Jan. 9 (Korea Bizwire) — A US$4 billion deal by Germany’s Delivery Hero to acquire South Korea’s largest food delivery app operator, Woowa Brothers, has stirred up controversy here, as some politicians and small merchants have raised concerns about the monopoly status the merged entity will have if the deal is approved. For years, [...]