SEOUL, Feb. 7 (Korea Bizwire) – As Chinese online shopping platforms AliExpress and Temu gain a larger foothold in the South Korean market, concerns are being raised about China’s alleged “hanbok appropriation” through these platforms. As of February 6, AliExpress boasted approximately 6 million monthly Korean users, while Temu had around 4 million Korean users. The [...]
SEOUL, Feb. 5 (Korea Bizwire) – As consumers grapple with rising inflation and interest rates leading to a domestic slowdown, the recommerce market, involving the resale of used items and collectible goods like luxury and limited edition products, is gaining momentum. Estimates suggest that the domestic recommerce market has recently surpassed a value of 30 trillion [...]
SEOUL, Feb. 5 (Korea Bizwire) – A recent survey has shown that labor experts consider the reintroduction of the “Yellow Envelope Law” (an amendment to the Labor Union and Labor Relations Act) as the most crucial pledge for office workers in this year’s general election. Gabjil 119, a civic group, conducted a poll among its affiliated [...]
SEOUL, Feb. 3 (Korea Bizwire) –In a recent interview with Yonhap News, Jeon Jin-kyung, the director of Korea Animal Rights Advocates (KARA), shed light on the complex emotional world of animals, emphasizing their ability to experience a wide range of feelings such as frustration, fear, pride, and shyness, much like humans. She criticized the cruel [...]
SEOUL, Feb. 2 (Korea Bizwire) – The government’s move to push for a special law that would exempt doctors from criminal prosecution in the event of medical accidents has sparked controversy among patients and civic groups, raising concerns about privilege. On February 1, the government unveiled a new medical policy package that includes a proposal to [...]
TOKYO, Feb. 1 (Korea Bizwire) – A Japanese local government has taken down a memorial stone for Korean victims of Japan’s wartime forced labor at a public park earlier this week despite opposition from activist groups. Authorities from Gunma Prefecture began pulling down the stone on Monday and finalized the removal on Wednesday, Japan’s Asahi [...]
WASHINGTON, Jan. 31 (Korea Bizwire) — An American industry group has called on the U.S. government to craft new multilateral chip equipment export controls, claiming the current strict unilateral ones put U.S. firms at a disadvantage over their rivals from South Korea and other countries. The Semiconductor Industry Association (SIA) made the call in their [...]
SEOUL, Jan. 31 (Korea Bizwire) – In South Korea, a significant talent drought in cutting-edge industries has been exacerbated by an increasing number of students flocking to medical schools. Semiconductor industry analysts, in particular, have voiced concern that the shortage of skilled workers is reaching a critical level, endangering the very existence of some companies. The [...]
SEOUL, Jan. 30 (Korea Bizwire) – The landscape of South Korea’s job market has shifted dramatically over the last decade, with a significant decline in the number of sales and retail positions, largely due to the growing dominance of online shopping over traditional stores. This shift has led to a noticeable reduction in personnel within the [...]
SEOUL, Jan. 30 (Korea Bizwire) – A recent analysis has revealed that 80% of individuals living alone are at risk of ‘lonely death’, with one in four to five solo dwellers being classified as in the ‘medium to high-risk’ group. This finding comes from a survey conducted by the Korea Institute for Health and Social Affairs [...]