SEOUL, Aug. 15 (Korea Bizwire) — South Korean consumers are generally satisfied with live commerce, or TV home shopping-style mobile shopping, but the biggest cause of complaints lies in frequent buffering, a poll showed Sunday. According to a survey conducted by the Korea Consumer Agency of 1,500 adult consumers who had purchased products through five [...]
SEOUL, Aug. 14 (Korea Bizwire) — One hundred days into office, President Yoon Suk-yeol has seen his approval ratings more than halve to somewhere around 25 percent in the wake of unpopular personnel appointments and policy proposals, but no dramatic remedies are in sight. Yoon was inaugurated on May 10 after winning the election by [...]
SEOUL, Aug. 12 (Korea Bizwire) — President Yoon Suk-yeol granted his first special pardons to Samsung heir Lee Jae-yong, Lotte Group Chairman Shin Dong-bin and 1,691 others on the occasion of next week’s Liberation Day anniversary, the government said Friday. The government announced the pardons to be effective from Liberation Day on Monday. Former President [...]
SEOUL, Aug. 12 (Korea Bizwire) — South Korea has so far nationalized 5.04 million square meters of land owned by Japanese citizens and Japanese companies during the 1910-45 colonial rule, the state procurement agency said Thursday. The official appraisal price of this land is estimated at 150 billion won (US$114 million) and the size of [...]
SEOUL, Aug. 12 (Korea Bizwire) — The Ministry of Justice has granted Korean citizenship to some descendants of independence fighters against Japan’s colonial rule of the Korean Peninsula. The ministry held a ceremony on Thursday, four days ahead of the 77th anniversary of Korea’s liberation from the 1910-45 colonial rule, and issued citizenship certificates to [...]
SEOUL, Aug. 11 (Korea Bizwire) — The torrential rain that drenched the greater Seoul area resulted in thousands of cars being submerged, putting general insurance companies on alert. A record-breaking downpour that swept through Seoul, Gyeonggi Province and Incheon last Monday resulted in 12 general insurance companies receiving 9,189 reports of submerged cars as of [...]
SEOUL, Aug. 11 (Korea Bizwire) — While South Koreans are now less exposed to the risk of depression and anxiety following the end of social distancing measures, those who are considering suicide has gone up proportionally since the pre-COVID era. The Ministry of Health and Welfare conducted a nationwide survey of 2,063 adults in June, [...]
SEOUL, Aug. 11 (Korea Bizwire) — Ex-spouses failing to make child support payments to their divorced partners may have a travel ban imposed against them if payments are more than 30 million won (US$23,020) in arrears, down from 50 million won in the past. The Cabinet recently approved an amendment for the enforcement decree on [...]
SEOUL, Aug. 11 (Korea Bizwire) – Teenagers regard one’s ability as the most important criterion for distributing rewards, a study indicated Thursday. The report published by the Korea Educational Development Institute surveyed about 500 students from a total of three middle and high schools about their perception of fair distribution. They were presented with various [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korea said Thursday it plans to increase the supply of key foodstuff by a record amount in a bid to help curb inflation ahead of the Chuseok fall harvest holiday slated for next month. The government plans to supply a combined 230,000 tons of 20 items of farm, [...]