SEOUL, May 30 (Korea Bizwire) – Allegations that a famous dog trainer and his wife monitored messages exchanged between employees on a workplace collaboration app called Naver Works have sparked concerns over potential privacy violations involving such programs, which often include messaging capabilities. According to IT industry insiders, Susan Elder, the wife of Kang Hyung-wook, who [...]
CHANGWON, May 30 (Korea Bizwire) – An environmental activist who was fined for spray-painting “climate crisis” on tunnels chose to serve a brief jail sentence instead of paying the penalty, in a protest intended to raise awareness about global warming. Park Jong-kwon, a co-leader of the Gyeongnam Climate Crisis Emergency Action group, defaced tunnel entrances in [...]
SEOUL, May 29 (Korea Bizwire) – The spate of tanghulu (Chinese candied fruit skewer) shop closures in South Korea is a foretold tragedy. An analysis shows that tanghulu sales peaked in September 2023, just six months after the trend took off, and have been rapidly declining since. The fleeting nature of fad food businesses like Taiwanese [...]
SEOUL, May 29 (Korea Bizwire) – The use of so-called will testamentary trusts is rapidly gaining popularity in South Korea as more people seek ways to manage their inheritance and prevent conflicts among family members after their death. According to data from South Korean banks, the balance of will testamentary trusts held by the nation’s five [...]
SEJONG, May 28 (Korea Bizwire) – A procession of studies has highlighted the inverse relationship between women’s economic participation and birthrates in South Korea, where childcare responsibilities still largely fall on mothers. The International Monetary Fund recently urged South Korea and Japan to establish a positive cycle in which greater female workforce participation contributes to economic [...]
SEOUL, May 25 (Korea Bizwire) – The United States, China and countries around the world are waging an intense battle to gain supremacy in the semiconductor industry, crucial for cutting-edge technologies. On May 23, in a meeting presided over by President Yoon Suk Yeol, South Korea’s government unveiled a comprehensive 26 trillion won support package for [...]
SEOUL, May 25 (Korea Bizwire) – As a court decision looms that could determine the fate of Min Hee-jin, the founder of the ADOR record label and the former manager of NewJeans, a fierce legal battle is unfolding between Min and her critics at Hybe, the K-pop juggernaut. According to K-pop industry insiders, 10,000 members of [...]
SEOUL, May 24 (Korea Bizwire) – The educational levels and incomes of those using international marriage broker services in South Korea have risen markedly, reflecting an aging pool of clients, according to a government survey. The Ministry of Gender Equality and Family announced the results of its “2023 Survey on the Status of International Marriage Brokerage [...]
SEOUL, May 23 (Korea Bizwire) – Beginning in September, 100 Filipino household workers will be deployed in Seoul as part of a pilot program aimed at assisting dual-income families with child care. However, the high monthly cost of around 2.06 million won for full-time services has raised concerns among young couples about the program’s affordability. According [...]
SEOUL, May 23 (Korea Bizwire) – South Koreans are feeling the pinch with major chicken franchises raising prices, bringing the era of the 30,000-won chicken bucket closer to reality – a scenario foreshadowed by BBQ Group’s chairman Yoon Hong-geun back in 2022. With dining costs already soaring, more consumers are exploring cost-effective ways to satisfy their [...]