SEOUL, Jan. 15 (Korea Bizwire) — Concerns are growing about South Korea’s young people who are facing the risk of falling into what some are calling a ‘lost generation,’ as the prospects of a so-called job cliff are deepening due to the COVID-19 pandemic. According to Statistics Korea, the annual jobless rate of young people [...]
SEJONG, Jan. 15 (Korea Bizwire) — Artificial intelligence (AI) will have replaced more than half of all business workforce and tasks in 20 years, a state-run think tank said Thursday. The Korea Development Institute conducted a survey of 1,000 businesses employing more than 20 workers, both large and small, many of which expected that AI [...]
SEOUL, Jan. 14 (Korea Bizwire) — The Chinese ambassador, as well as a famous food blogger in China were shown on social media making Korean kimchi, rekindling the Korea-China debate over the origin of kimchi. Chinese Ambassador to the United Nations Zhang Jun posted a photo of himself holding up kimchi on his Twitter account [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korean firms, anchored by Samsung Electronics Co. and LG Electronics Inc., wrapped up their four-day journey at the world’s largest tech expo Thursday after introducing their innovations for the new normal era of the pandemic. This year’s Consumer Electronics Show (CES) went all-digital for the first time due [...]
SEOUL, Jan. 14 (Korea Bizwire) – Samsung Display Co. on Thursday signed a collective agreement with its labor union, becoming the first electronics affiliate of Samsung Group to ink such a deal. The agreement was reached about seven months after the management and the labor union started to negotiate on welfare programs and working condition improvements. Samsung [...]
SEOUL, Jan. 14 (Korea Bizwire) — Nearly two-thirds of South Koreans think they will wait to see how the coronavirus vaccine is working for other people before getting the jab, a poll showed Thursday. A survey of 1,094 adult Koreans across the nation, taken by Seoul National University, showed 67.7 percent of respondents taking a [...]
SEOUL, Jan. 12 (Korea Bizwire) — New sentencing guidelines will subject business owners to up to 10 1/2 years behind bars in the event of their employees’ deaths owing to lax safety or health protection measures, the top court said Tuesday. According to the Supreme Court, its Sentencing Commission fixed the guidelines on workplace disaster [...]
SEOUL, Jan. 12 (Korea Bizwire) — Cafe and gym owners are filing separate lawsuits against the government this week seeking billions of won in compensation for losses suffered under COVID-19 business restrictions, industry groups said. At the Seoul Western District Court on Tuesday, 203 gym owners belonging to the Pilates and Fitness Business Association filed [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Korean firms, anchored by Samsung Electronics Co. and LG Electronics Inc., will focus on showcasing new innovations that can make people’s lives better in the new normal era of the pandemic at the upcoming global tech expo, industry insiders said Thursday, as they prepare for online exhibition to [...]
SEOUL, Jan. 6 (Korea Bizwire) — Nearly 70 percent of foreigners working in the country’s agricultural and fishing industries live in greenhouses and other temporary structures, the labor ministry said Wednesday, citing a recent survey. According to the Ministry of Employment and Labor, 69.6 percent of foreign workers who participated in the survey said they [...]