SEOUL, Sept. 17 (Korea Bizwire) — Maryland Gov. Larry Hogan voiced cautious hope Saturday for a “compromise” over a new U.S. law aimed at reducing inflation that has unnerved South Korea by excluding electric vehicles made outside North America from tax benefits. He raised the possibility of a breakthrough on the controversial matter after the [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea should prepare to gradually end COVID-19 emergency response system in a step toward the people’s return to normalcy amid a moderate declining trend of the virus, an adviser said Friday. South Korea reported 51,874 new COVID-19 cases, including 348 from overseas, earlier in the day, bringing the [...]
SEOUL, Sept. 16 (Korea Bizwire) — Korea Aerospace Industries (KAI), South Korea’s sole aircraft maker, signed a US$3 billion contract with Poland on Friday to follow up on an earlier basic deal to export 48 FA-50 fighter jets, Seoul’s arms procurement agency said. KAI inked the “executive” contract with Warsaw’s Armament Agency as a follow-up [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korean steelmaker POSCO said Friday it will complete repairs of manufacturing facilities damaged by a recent typhoon within three months and plan to fully normalize operations by December. Earlier this month, Typhoon Hinnamnor hit the country’s southeastern parts and severely flooded POSCO’s facilities in Pohang, about 270 kilometers [...]
SEOUL, Sept. 16 (Korea Bizwire) — Seoul Metro, the operator of the Seoul subway system, said Thursday it will expand the operation of a private warehouse service at subway stations. This service is a kind of personal self-storage service enabling users to store and reclaim a variety of goods ranging from camping items and seasonal [...]
SEOUL, Sept. 16 (Korea Bizwire) — The Seoul Metropolitan Police Agency said Thursday that it signed an agreement with major lender Woori Bank for a new missing children initiative. Under terms of the agreement, the two parties will cooperate to promote the advance fingerprint registration system that is effective in the early detection and prevention [...]
SEOUL, Sept. 15 (Korea Bizwire) — Police have arrested a 31-year-old subway station worker for killing a female colleague in the public restroom of a subway station in Seoul, one day before a court was set to sentence him on charges of stalking her. The Seoul Metro employee, surnamed Jeon, allegedly stabbed the victim in [...]
SEOUL, Sept. 15 (Korea Bizwire) — The minor progressive Justice Party (JP) proposed a bill Thursday that would limit companies from filing compensation suits against labor unions for losses incurred during strikes. Under what is dubbed the “yellow envelope bill,” companies would be banned from filing lawsuits against labor unions and unionized workers for damages [...]
SEOUL, Sept. 15 (Korea Bizwire) — Around 45 percent of household heads over 65 years of age engaged in wage worker earn less than 1 million won (US$717) each month, data showed Wednesday. Statistics Korea reported that 44.6 percent of wage workers over 65 years of age make less than 1 million won in labor [...]
SEOUL, Sept. 15 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will try to achieve carbon neutrality by 2050 as part of its efforts to tackle the worsening climate crisis and increase the use of renewable energy. Samsung, one of the world’s biggest manufacturers of electronic devices and semiconductors, said it will try to [...]