SEOUL, Aug. 23 (Korea Bizwire) — South Korea’s manufacturing workforce has been aging fast over the past 10 years, stoking concerns that it may undercut the country’s growth potential drastically down the road, a report said Monday. People aged 50 and older accounted for 30.1 percent of the country’s total manufacturing workers in 2020, up [...]
SEOUL, Aug. 20 (Korea Bizwire) — Ko Kwang-nam invested 5 million won (US$4,251) in cryptocurrencies but lost about half of his holdings as the nation’s cryptocurrency markets showed signs of cooling down ahead of tougher regulations. As things stand, Ko, a 30-something office worker in Seoul, is likely to lose most of holdings because he [...]
SEOUL, Aug. 19 (Korea Bizwire) — South Korea’s real estate agents are beset by enemies on all sides as they are under increasing pressure from both the government and the public opinion to lower real estate commissions. Consumer complaints are high about real estate brokerage fees, which are set in proportion to a home’s sale [...]
SEOUL, Aug. 18 (Korea Bizwire) – When Disney+, a content streaming service from Walt Disney Co., starts its service in South Korea in November, this will likely bring seismic change to the landscape of the local streaming service market. Disney+ is currently offering its service in 61 countries in 21 languages, including Asian Pacific countries [...]
SEOUL, Aug. 12 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will use recycled material in all of its new mobile products by 2025 as the South Korean tech giant vowed to minimize environmental impact. Samsung unveiled its new sustainable vision for the mobile business, “Galaxy for the Planet,” at its Unpacked event Wednesday, [...]
SEOUL, Aug. 11 (Korea Bizwire) — The government will establish legal grounds to enable the systematic management and application of the information regarding workers’ vocational abilities accumulated through educational training programs, for employment and human resource management purposes. The Ministry of Employment and Labor announced on Tuesday that it had issued an advance legislation notice [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Koreans’ interest in money-making strategies and health food rather than travel increased sharply after the outbreak of the COVID-19 pandemic, a survey showed Monday. According to a survey conducted by a travel platform operator Yanolja of 1,344 customers in their 20s to 40s, the share of the respondents [...]
SEOUL, Aug. 9 (Korea Bizwire) — Slightly more than half of all South Koreans do not support the idea of postponing the regular joint summertime military drills between Seoul and Washington, a poll showed Monday. In the poll of 500 people aged 18 and older nationwide conducted by Realmeter last Friday, 50.4 percent of the [...]
SEOUL, Aug. 5 (Korea Bizwire) – The size of high temperature areas in South Korea has more than doubled over the past nine years, international environmental organization Greenpeace said Thursday, calling for efforts to reduce greenhouse gas emissions. Greenhouse defines any land locations where the average midday surface temperature exceeds 30 C in August as [...]
SEOUL, Aug. 5 (Korea Bizwire) — The presidential committee on carbon neutrality announced Thursday three policy road maps to achieve the goal of eliminating South Korea’s greenhouse gas emissions by 2050, subject for deliberation by experts and stakeholders until later this year. President Moon Jae-in announced in October that the country will seek to go [...]