SEOUL, June 24 (Korea Bizwire) — A revised law that practically forced a leading ride-hailing service out of business last year complied with the country’s Constitution, a court ruled Thursday. The justices of the Constitutional Court unanimously ruled as constitutional the law limiting the Tada service to rent out its vans only for tourism purposes [...]
SEOUL, June 24 (Korea Bizwire) — Pickpocketing is disappearing in South Korea with a dwindling use of cash, transaction records, and an increasing number of crime prevention cameras. The National Police Agency reported 2,378 cases of pickpocketing in 2011, which plunged down to 535 cases by 2019. As more people are using credit cards instead [...]
SEOUL, June 23 (Korea Bizwire) — More than two thirds of South Koreans from the so-called MZ generation see income inequality as a social problem. Accounting firm Deloitte Anjin LLC announced the results of a survey conducted by Deloitte Global with the participation of 22,928 millennials (born between 1983 and 1994) and Generation Z (born [...]
SEOUL, June 23 (Korea Bizwire) — The rating systems offered by Coupang Eats and other food delivery apps are being criticized for being manipulated by malicious consumers, with food vendors calling for the app owners to crack down on malicious reviews. A group of civic organizations including People’s Solidarity for Participatory Democracy and the Korea [...]
SEOUL, June 23 (Korea Bizwire) – The number of babies born in South Korea declined to a fresh record low in April, data showed Wednesday, underpinning the country’s gloomy demographic situation with the chronically low birth rate. A total of 22,820 babies were born in April, down 2.2 percent from the previous year, according to [...]
SEOUL, June 22 (Korea Bizwire) — E-commerce giant Coupang Inc. faces arguably the worst crisis since its initial public offering in March over a recent fire at one of its warehouses that killed a firefighter. Coupang is under mounting public outcry over the death of the 52-year-old male firefighter, who was found dead last weekend [...]
CHUNCHEON, June 21 (Korea Bizwire) — In the midst of the COVID-19 pandemic, which has forced schools into remote learning, a recent study showed that the academic performance of students at schools that have more attendance days deteriorated less. The Gangwon-do Education & Science Research Institute analyzed the second-semester academic performance (from 2018 to 2020) [...]
SEOUL, June 20 (Korea Bizwire) — Government officials and public employees involved in real estate affairs will be required to register their assets with the authorities, the Ministry of Personnel Management said Sunday. The ministry last week preannounced the latest revision to the enforcement ordinance of the Public Service Ethics Act. The new rules will [...]
SEOUL, June 18 (Korea Bizwire) — The delivery workers union struck a deal Friday with the national postal service, ending labor disputes and opening a way for a safer working environment for couriers. The Korea Post accepted the demands by the Parcel Delivery Workers’ Solidarity Union that its couriers will be exempt from sorting parcels [...]
SEOUL, June 17 (Korea Bizwire) — 6 out of 10 job seekers think the minimum wage should be frozen or lowered, a local trade federation said Wednesday The Korea Federation of Small and Medium Business conducted a survey of 700 job seekers, 48.1 percent of whom said that the minimum wage for next year should [...]