SEOUL, Jan. 6 (Korea Bizwire) — South Korean refiners and petrochemical companies are bracing for potential fallout from the U.S. killing of a top Iranian general, which has already sent global oil prices higher, industry sources said Monday. The fatal drone strike on Gen. Qassem Soleimani, the head of Iran’s elite Quds Force, on Friday [...]
SEOUL, Jan. 3 (Korea Bizwire) — A recent survey has found that work-life balance is the most important condition for a good job among millennial workers. JobKorea, a job search portal operator, conducted a survey of 507 workers of the millennial generation and found that the “guarantee of work-life balance” was the most important factor [...]
SEJONG, Jan. 3 (Korea Bizwire) — South Korea said Friday it will allocate more money to foster the eco-friendly automobile market this year in a long-term plan to have such cars take up a quarter of all car exports by 2030. To further foster the segment, South Korea said it will allocate 950 billion won [...]
SEOUL, Jan. 2 (Korea Bizwire) — With the dawn of the new year, South Koreans and foreigners living here are bracing for many changes in government policies and systems that affect their daily life, labor practices, education and welfare. Starting in 2020, short-term foreign visitors are barred from applying for a South Korean driver’s license [...]
SEOUL, Dec. 31 (Korea Bizwire) — Instead of following the uniform trend and falling into a groove, 2020 will be the year of consumers choosing their preferred brands based on the beliefs and values they seek. The Samsung Fashion Institute said Monday that consumers’ needs will be increasingly fragmented next year and brands are also [...]
SEOUL, Dec. 30 (Korea Bizwire) — A business forecast argues that consumers including millennials, women, and seniors, and enterprises focusing on digital innovation will lead business trends in the 2020s. Woori Finance Research Institute, a research unit of Woori Financial Group, introduced seven keywords for future business in a report released on Sunday. The seven [...]
SEOUL, Dec. 30 (Korea Bizwire) — The number of marriages in South Korea is on a decline as public perceptions towards the social pact is changing. Statistics Korea reported that there were 20,331 marriages in October, down by 7 percent from the previous year (1,525 fewer marriages). This marked the second lowest record since 1981. [...]
SEOUL, Dec. 29 (Korea Bizwire) — Popular sunset and sunrise locations across the country are ready to host various festive events for visitors seeking to bid farewell to the outgoing year and greet the new year in a romantic and memorable way. Traditionally, Koreans have attached enormous significance to viewing the year’s first sunrise and [...]
SEJONG, Dec. 24 (Korea Bizwire) — More than half of middle-aged people were indebted last year, data showed Tuesday, in the latest sign of growing household debt in South Korea. The data compiled by Statistics Korea showed that 56.1 percent of people aged between 40 and 64 borrowed money from banks or other financial institutions [...]
SEOUL, Dec. 23 (Korea Bizwire) — Debate continues over reserved seats for pregnant women on subway trains, seven years after they were first introduced. While some say that a culture that looks after pregnant women has taken root, others argue that such culture is based on fear that people who are not pregnant would be [...]