SEOUL, Feb. 29 (Korea Bizwire) –The Korea Ginseng Corporation (KGC) is making a strategic entry into the U.S. vegan beauty market with the launch of its vegan beauty brand Lab 1899. This move is part of the company’s broader initiative to diversify its portfolio and tap into the burgeoning global demand for vegan products. Lab [...]
DAEJEON, Feb. 29 (Korea Bizwire) – Graduate students at the Korea Advanced Institute of Science and Technology (KAIST) are receiving an average monthly stipend of 1.66 million won, a figure significantly below the minimum wage, according to a recent survey. This has sparked discussions on the need for fair compensation, as these students not only [...]
GWANGJU, Feb. 29 (Korea Bizwire) – The number of survivors of forced labor during Japan’s colonial rule over Korea is dwindling rapidly. Recent reports reveal a stark decrease in the number of survivors, with the figure falling below 1,000 for the first time. According to the Civic Group for the Mobilization of Forced Labor under Japanese [...]
SEOUL, Feb. 29 (Korea Bizwire) – Amid a worldwide shake-up of industrial sectors, Korean firms are experiencing a range of emotions about the future of their key operations, feelings that vary widely depending on the size of the business and the industry it belongs to. A recent survey conducted by the Korea Chamber of Commerce and [...]
SEOUL, Feb. 29 (Korea Bizwire) – After 37 years, South Korea’s prohibition against the early disclosure of fetal sex, a measure initially implemented to combat gender-biased abortions fueled by a preference for sons, has been rescinded by the Constitutional Court. The court, on a pivotal day, declared the section of the medical law that barred medical [...]
SEOUL, Feb. 29 (Korea Bizwire) – The Seoul Metropolitan Police Agency has announced significant reductions in traffic accidents in areas monitored by automated traffic enforcement cameras over the past five years. This data underscores the effectiveness of these cameras in improving road safety within the city. An analysis of traffic incidents at 105 locations equipped with [...]
SEOUL, Feb. 28 (Korea Bizwire) – For the first time, the average annual salary of an external director at Samsung Electronics has surpassed the 200 million won mark, setting a new precedent in the compensation for board members within the company. According to a report by CEO Score, a corporate data research firm, as of [...]
SEOUL, Feb. 28 (Korea Bizwire) –A recent report has highlighted a significant price disparity between imported and domestic electric vehicles (EVs) in South Korea, with imported models costing more than double on average. The study, conducted by the Korea Automobile Mobility Industry Association (KAMA) and the Korea Imported Automobile Association (KAIDA), also revealed that the [...]
SEOUL, Feb. 28 (Korea Bizwire) — Facebook founder Mark Zuckerberg will likely meet with business officials from leading South Korean tech companies and startups, including Samsung Electronics Co., during his visit to Seoul, industry sources said Wednesday. The CEO of Meta Platforms, Facebook’s parent company, arrived in South Korea on Tuesday night following his visit [...]
SEOUL, Feb. 28 (Korea Bizwire) – Starbucks Korea has announced a temporary halt in the sales of Perrier, a popular brand of sparkling water, starting this month due to emerging quality control issues reported by the brand’s overseas manufacturer. Perrier, a sparkling water product produced in France, holds the top market share in the global sparkling [...]