SEOUL, May 19 (Korea Bizwire) — Over the past few months, the South Korean medical community has been divided sharply over the nursing act, with the Korean Nurses Association (KNA) and the Korean Medical Association (KMA) staging multiple rallies and the government and political parties fueling the debate. The nursing act was designed to clarify [...]
SEOUL, May 18 (Korea Bizwire) — The after-party event organized by Gucci after a fashion show in central Seoul has sparked a major controversy following reports of excessive late-night noise and disturbance to neighboring residents’ sleep. On May 16, Gucci, a renowned luxury brand, hosted its ’2024 Cruise Fashion Show’ at Gyeongbokgung Palace in Jongno-gu, [...]
JEJU, May 18 (Korea Bizwire) — Jeju Island’s government announced on Wednesday its plans to increase the “Haenyeo Retirement Allowance” provided to elderly Jeju haenyeo, female divers who harvest a variety of sea life, upon their retirement. The proposed amendment to the ‘Ordinance on the Preservation and Fostering of Jeju Haenyeo Fishery’ includes lowering the [...]
SEOUL, May 16 (Korea Bizwire) — Samsung Electronics Co. and the Bank of Korea (BOK) on Monday signed an agreement to advance technology related to the offline central bank digital currency (CBDC) currently under development. In the previous year, Samsung participated in the central bank’s second phase of the CBDC mock test research. As a [...]
SEOUL, May 15 (Korea Bizwire) — South Korea is grappling with a serious social challenge posed by its alarmingly low birth rate, one of the lowest in the world. An analysis conducted by the Korea Labor Institute has revealed that income inequality among men may be a crucial factor contributing to declining marriage rates, which, [...]
SEOUL, May 14 (Korea Bizwire) — The number of jobs for people in their 40s in South Korea decreased for the 10th consecutive month in April, data showed Sunday, amid the protracted slump in the country’s manufacturing industry. Jobs for the age group have been falling on-year since July, with the positions decreasing 22,000 from [...]
SEOUL, May 12 (Korea Bizwire) – The head-on crash between South Korea and China in the display market is evolving into legal disputes. According to the website of the Intermediate People’s Court of Chongqing Municipality, China-based BOE Technology Group Co. recently filed several lawsuits against the Chinese units of Samsung Electronics Co. and Samsung Display [...]
SEOUL, May 10 (Korea Bizwire) — Older South Koreans are up in arms over a photo of a local cafe’s “no-senior zone” notice shared on social media. The cafe owner’s intention to welcome guide dogs but prohibit access to seniors added to the controversy. The person responsible for sharing the photo of the cafe said [...]
SEOUL, May 10 (Korea Bizwire) — South Korea’s two electronics giants, Samsung Electronics Co. and LG Electronics Inc., are seeking bigger roles in the local market as the global personal computer (PC) market is mired in a slump. In the laptop category, which is one of the main drivers of the PC market, Samsung and [...]
SEOUL, May 8 (Korea Bizwire) — The prevalence of obesity among South Korean teenagers has doubled over a period of 15 years, with related socio-economic inequality deepening. A research team led by Kim Hyun-chang, a professor at Yonsei University College of Medicine, analyzed big data on 818,210 middle and high school students who participated in [...]