SEOUL, Oct. 18 (Korea Bizwire) — While employment in the manufacturing industry is recovering, there were more recruits from the older generation than the younger generation, data showed Monday. There were 4.53 million people employed in the manufacturing sector in August, up 240,000 from last year, according to Statistics Korea. Sorted by age, the number [...]
SEOUL, Oct. 18 (Korea Bizwire) — Nearly 8 out of 10 Seoul citizens are willing to install renewable energy power facilities such as solar panels at home as part of efforts to better cope with climate change, a survey showed Monday. Korea Beyond Coal, a network of environmental and civic groups, conducted a survey of [...]
WASHINGTON/SEOUL, Oct. 16 (Korea Bizwire) — South Korea plans to begin exempting taxes on interest income and capital gains from foreigners’ investment in government bonds this week, in line with efforts to cope with the volatility in the foreign exchange market, the finance ministry said Sunday. “The measures were needed amid the lingering volatility in [...]
SEOUL, Oct. 14 (Korea Bizwire) — The National Human Rights Commission decided Friday to issue an official position recommending that it is better to restructure the gender ministry into an independent agency dealing exclusively with gender issues, rather than abolishing it. The commission decided at a board meeting to deliver the position to the National [...]
SEOUL, Oct. 14 (Korea Bizwire) — In an increasing number of cases, people are sneaking away from restaurants after dining, without paying for their food. Last June, six tourists visiting a popular seafood restaurant in Seogwipo, Jeju Island ate 270,000 won (US$188) worth of food, before disappearing one by one, leaving the bill unpaid. They [...]
SEOUL, Oct. 14 (Korea Bizwire) — The rise of YouTubers claiming to be former or current members of organized crime organizations is posing a social problem. Rep. Cho Eun-hee of the People Power Party referred to a National Police Agency report indicating that there are currently nine YouTube channels run by gang members and unofficial [...]
SEOUL, Oct. 14 (Korea Bizwire) — The prosecution plans to set up special investigation teams at four major transportation points across the nation to step up efforts to fight growing drug crimes, officials said Friday. Four special anti-drug investigation teams, to be staffed by a total of about 80 prosecution, customs, intelligence, food safety and [...]
SEOUL, Oct. 14 (Korea Bizwire) — The government plans to expand the use of eco-friendly biofuels to better cope with climate change as well as to reduce excessive reliance on petroleum-based fuels. The Ministry of Trade, Industry and Energy announced on Thursday that it will raise the mandatory biodiesel mixture ratio — the ratio at [...]
SEOUL, Oct. 14 (Korea Bizwire) — More than half of the government’s high-ranking officials own shares of listed companies, and the most popular stock is Samsung Electronics Co., a market research firm said Thursday. Leaders Index analyzed the portfolio of stocks owned by 118 higher than vice minister-level officials who disclosed their wealth. Among them, [...]
SEOUL, Oct. 13 (Korea Bizwire) — Samsung Electronics Co. on Thursday showcased its latest updates to software and services at an annual tech conference, which it said were aimed at improving overall user experience through technology innovations. At the Samsung Developer Conference (SDC) 2022 in San Francisco, the South Korean tech giant unveiled the upgraded, [...]