SEOUL, July 22 (Korea Bizwire) — Samsung Electronics Co. floated an idea of investing nearly US$200 billion to build 11 more chip plants in the United States over the next two decades, documents filed with the state of Texas showed Friday. The proposed investment is described in South Korean tech giant’s applications filed with the [...]
SEOUL, July 22 (Korea Bizwire) — A recent study showed that liquid-based e-cigarettes emit more ultrafine dust than regular cigarettes. The Korea Disease Control and Prevention Agency photographed smoke and aerosols emitted from cigarettes to analyze their chemical composition, for the first time in the country, between September of last year and May. The results [...]
SEOUL, July 22 (Korea Bizwire) — The share of employees aged 50 and over exceeded that of those under 30 at South Korea’s major companies after the outbreak of the coronavirus, primarily due to the decline in new hires, data showed Thursday. The nation’s 72 major companies published their 2021 sustainability management reports, of which [...]
SEOUL, July 22 (Korea Bizwire) — Four out of five multilevel marketing salespeople in South Korea earned no sponsor allowance at all last year, the country’s antitrust regulator said Thursday. The nation’s multilevel marketing sales totaled 5.18 trillion won (US$3.96 billion) last year, up almost 4 percent from a year ago, with the total amount [...]
SEOUL, July 21 (Korea Bizwire) — South Korea plans to cut corporate and income taxes in a bid to encourage companies to increase investment and reduce the tax burden on people troubled by high inflation, the finance ministry said Thursday. The Yoon Suk-yeol government unveiled details of its sweeping tax reform proposal as it aims [...]
SEOUL, July 21 (Korea Bizwire) — South Korea and the United States are expected to revive a comprehensive combined military exercise abolished in 2018, Seoul officials said Thursday, amid the allies’ efforts to reinforce deterrence against North Korea’s evolving nuclear and missile threats. The exercise set for Aug. 22-Sept. 1 is likely to combine the [...]
SEOUL, July 21 (Korea Bizwire) — The increasing number of pets has led to an increase in cases of dog bites, which is becoming a concern for citizens. The National Fire Agency reported that there were 2,114 reported dog bite cases in 2020, 2,154 in 2019 and 2,368 in 2018. Dog bite accidents tended to [...]
WASHINGTON, July 20 (Korea Bizwire) — The names of over 40,000 fallen soldiers etched on the Wall of Remembrance is physical proof of the strong U.S.-South Korea alliance that will forever remind people of what their freedom costs, former U.S. Forces Korea commander John Tilelli said of the latest addition to the Korean War memorial in [...]
SEOUL, July 21 (Korea Bizwire) — About half of the South Korean households with infants had experienced a career interruption for childbirth and child-rearing, a poll showed Wednesday. The Korea Institute of Child Care and Education conducted a survey of 2,500 households with children under 6 years of age across the country. Half of the [...]
SEOUL, July 20 (Korea Bizwire) — Despite soaring consumer prices, exchange rates and interest rates, the polarization of consumption is becoming more severe than ever. Even Koreans in their 20s and 30s are choosing to stay at home rather than go on a holiday this summer. A 30-year-old office worker surnamed Jeong wanted to go [...]