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Employment Conundrum Looms Large in S. Korea with Aging Population

Employment Conundrum Looms Large in S. Korea with Aging Population

SEOUL, Sept. 18 (Korea Bizwire) — South Korea on Wednesday floated the idea of dictating that companies continue to employ workers beyond the current retirement age of 60, a move that could have far-reaching implications on Asia’s fourth-largest economy. The move came amid growing need for older people to stay in the labor market longer [...]

Brain Drain a Concern in S. Korea as Global Competition for EV Batteries Heats Up

Brain Drain a Concern in S. Korea as Global Competition for EV Batteries Heats Up

SEOUL, Sept. 17 (Korea Bizwire) — Global competition for electric vehicle (EV) batteries has countries and companies battling to attract top talent. In particular, concerns over technology leaks are growing as battery manufacturers in China, Europe and other countries have been attempting to woo Korean workers. Companies are offering high salaries targeting skilled Korean talent. [...]

Samsung Questions Sponsorship of Tokyo Olympics amid Cooling Korea-Japan Relations

Samsung Questions Sponsorship of Tokyo Olympics amid Cooling Korea-Japan Relations

SEOUL, Sept. 16 (Korea Bizwire) — Samsung Electronics Co., an official sponsor of the Olympic Games, is at a crossroads as it faces deteriorating Korea-Japan relations and the upcoming Olympic Games Tokyo 2020. Japan’s export restrictions imposed against South Korea and the diplomatic chill since have put pressure on Samsung to withhold from promoting the [...]

Gov’t Disapproves Mount Seorak Cable Car Project

Gov’t Disapproves Mount Seorak Cable Car Project

SEOUL, Sept. 16 (Korea Bizwire) — The Ministry of Environment said Monday it has decided not to permit a new cable car project on Mount Seorak, one of the nation’s most scenic mountains, ending a years-long debate on the project’s possible damage to the environment. The Wonju Regional Environmental Office, under the ministry, announced a [...]

While Samsung Innovates Smartphones, Apple Upgrades

While Samsung Innovates Smartphones, Apple Upgrades

BERLIN/SEOUL, Sept. 11 (Korea Bizwire) — Now that both Samsung Electronics and Apple have revealed their latest smartphone lineups for this year, here’s a simple question to ask. What are the two things Samsung has that Apple doesn’t in this year’s smartphone lineup? 5G and foldable. Amid flattening smartphone sales, Samsung has changed its strategy [...]

Gov’t to Use Big Data and Digital Forensics to Crackdown on Labor Violations

Gov’t to Use Big Data and Digital Forensics to Crackdown on Labor Violations

SEOUL, Sept. 11 (Korea Bizwire) — Government inspections will be improved to focus on preventing labor violations at South Korean businesses by using big data. The Ministry of Employment and Labor (MOEL) announced comprehensive plans to improve labor inspections on Tuesday, vowing to use big data analysis to extract the list of businesses that require [...]

Major Bank Experiments with Flexible Work Hours via Digital Office Initiative

Major Bank Experiments with Flexible Work Hours via Digital Office Initiative

SEOUL, Sept. 10 (Korea Bizwire) — One of Korea’s largest banks is seeking to innovate its work environment through a new flexible work-hour system. KB Kookmin Bank has been running a “KB Digital Office” system since mid-August that has enabled employees to call it a day from wherever their last meeting is, according to financial [...]

Seoul Mayor Vows to Protect Stray Cats

Seoul Mayor Vows to Protect Stray Cats

SEOUL, Sept. 10 (Korea Bizwire) — The mayor of Seoul has announced that the city will create a coexisting environment for animals by protecting stray cats at redevelopment sites. Mayor Park Won-soon promised to take action on a proposal made via the city’s civic participation platform asking the government to protect stray cats at sites [...]

Korean and Japanese Youth Baseball Teams Demonstrate Excellent Sportsmanship

Korean and Japanese Youth Baseball Teams Demonstrate Excellent Sportsmanship

SEOUL, Sept. 9 (Korea Bizwire) — A youth baseball match between South Korea and Japan is moving the hearts of citizens in both countries, despite the deteriorating political relationship between the two states. On Friday, South Korea and Japan met at Gijang-Hyundai Dream Ballpark in Gijang County, Busan, to compete in the final round of [...]