SEOUL, March 12 (Korea Bizwire) — South Korean tech firms and game developers are competing to recruit new employees, promising “good rewards.” After Nexon Co. decided to raise the annual wage of all management staff by 8 million won (US$7,000) last month, Netmarble Corp. and Com2uS followed suit by offering raises of the same amount. [...]
SEOUL, March 11 (Korea Bizwire) — Nearly 1 in 2 South Koreans believe that the introduction of the local autonomy system here 30 years ago has failed to reduce regional gaps and promote balanced development among regions, a poll showed Thursday. In the poll of 1,000 adults nationwide by the Korea Research Institute for Local [...]
SEOUL, March 10 (Korea Bizwire) — Major South Korean companies across manufacturing industries are accelerating their transition to a greener, more sustainable business as investors are increasingly taking account of environmental, social and governance (ESG) factors. ESG investing focuses on companies that support environmental protection, social justice and ethical management practices. Among the criteria, climate [...]
SEOUL, March 9 (Korea Bizwire) — In South Korea, the proportion of people who think society and individual life faced a crisis due to the COVID-19 pandemic has declined compared to six months ago, a survey showed Monday. A research team from Seoul National University’s Graduate School of Public Health unveiled the results of surveys [...]
SEOUL, March 9 (Korea Bizwire) — South Korea on Tuesday launched a new committee with business groups from chip and display industries aimed at cutting emissions of greenhouse gases, in line with the country’s vision to go fully carbon neutral by 2050. Under the ties with the Korea Semiconductor Industry Association and the Korea Display [...]
SEOUL, March 9 (Korea Bizwire) — The average daily transaction amount of cryptocurrencies is skyrocketing on the back of rising investment fever. The combined transaction amount of the nation’s four major cryptocurrency exchanges totaled 445 trillion won (US$389 billion) during the period from Jan. 1 to Feb. 25, far exceeding last year’s yearly total of [...]
SEOUL, March 7 (Korea Bizwire) — South Korea’s corporate watchdog said Sunday it plans to revise a law governing e-commerce transactions as an increase in online platform-based trade raised the need to better protect consumers amid a non-contact trend. The Korea Fair Trade Commission (KTFC) said it will seek to revise the Act on Consumer [...]
SEOUL, March 4 (Korea Bizwire) — The construction of a two-story mosque in a residential area in the neighborhood of Kyungpook National University in Daegu has been delayed indefinitely. The construction halt occurred after residents staged a group protest against the construction of the mosque in their neighborhood. Residents submitted a petition to the local [...]
SEOUL, March 4 (Korea Bizwire) — South Korea said Thursday it has decided to donate 50,000 tons of rice to six countries suffering from deepening poverty amid the prolonged new coronavirus pandemic. The rice will be sent to refugees and other vulnerable people in Yemen, Ethiopia, Kenya, Uganda, Syria and Laos under cooperation with the [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s shrinking population is resulting in a lack of enrollment at local universities. For the first time in school history, Chonnam National University was only able to enroll 4,067 new students, leaving 140 slots unfilled. Chosun University filled only 4,222 of 4,350 slots for new students, with 128 [...]