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Wage Gap Between Large, Small Firms Widens to 1.7 Fold in 2014: Report

Wage Gap Between Large, Small Firms Widens to 1.7 Fold in 2014: Report

SEOUL, Dec. 10 (Korea Bizwire) — The wage gap between workers in large companies and small and medium-sized enterprises (SMEs) widened in 2014 amid a deepening polarization of the labor market, a report said Monday. According to the report published by the Bank of Korea (BOK), large businesses — those with 300 or more workers [...]

Nearly Half of S. Koreans Agree with N. Korean Leader Addressing National Assembly: Poll

Nearly Half of S. Koreans Agree with N. Korean Leader Addressing National Assembly: Poll

SEOUL, Dec. 10 (Korea Bizwire) — Nearly half of South Korean adults are in favor of North Korean leader Kim Jong-un making an address at the National Assembly if he comes to Seoul, a poll showed Monday. The survey of 503 South Koreans nationwide by local pollster Realmeter showed 46.7 percent of respondents consenting to [...]

New Pohang Generator Uses Everyday Waste to Produce Electricity

New Pohang Generator Uses Everyday Waste to Produce Electricity

POHANG, Dec. 7 (Korea Bizwire) — The city of Pohang, North Gyeongsang Province will begin operating a generator that uses everyday waste to generate electricity starting next January. The city announced on Thursday that it has invested 153.4 billion won (US$137.1 million) to build the facility as part of a project that kicked off in [...]

Gov’t to Lower Child-rearing Expenses to Tackle Low Birthrate

Gov’t to Lower Child-rearing Expenses to Tackle Low Birthrate

SEOUL, Dec. 7. (Korea Bizwire) — South Korea on Friday announced a set of measures to remove the fundamental causes cited for drop in country’s birthrate, including the high cost of child-rearing and increasing number of people opting not to have children. The roadmap was finalized as Kim Sang-hee, vice-chairwoman of a presidential committee aimed [...]

Financial Firms Can Use Personal Credit Information via Cloud Computing from Next Year

Financial Firms Can Use Personal Credit Information via Cloud Computing from Next Year

SEOUL, Dec. 7. (Korea Bizwire) — The financial regulator has eased a rule that will allow financial firms to use personal credit information through a cloud computing service from next year, officials said Friday. So far, financial firms have been allowed to use cloud computing services on businesses that are not related to customers’ information [...]

Seoul Approves Women-only Taxis and Rejection-proof Call Taxis

Seoul Approves Women-only Taxis and Rejection-proof Call Taxis

SEOUL, Dec. 6 (Korea Bizwire) — The Seoul Metropolitan Government announced on Wednesday that it plans to introduce call taxis specifically designed to prevent taxi drivers from rejecting customers as well as reservation taxis available exclusively for female customers before the end of the year. These taxis will be allowed to operate immediately following official [...]

Finland’s ‘True Santa Claus’ to Promote Hwacheon Sancheoneo Ice Festival

Finland’s ‘True Santa Claus’ to Promote Hwacheon Sancheoneo Ice Festival

HWACHEON, Dec. 6 (Korea Bizwire) — The original ‘Santa Claus’ from Santa Claus Village in Rovaniemi, Finland will be visiting Hwacheon, Gwangwon Province as the city prepares for the Hwacheon Sancheoneo (Mountain Trout) Ice Festival scheduled for next month. Hwacheon-gun announced that Santa Claus and his elves will be visiting Santa’s Post Office for the [...]