SEOUL, July 4 (Korea Bizwire) — A Seoul court has ordered rapper Dok2, famously known for his extravagant lifestyle on media, to pay an unpaid jewelry bill to an overseas jeweler, legal sources said Monday. Upholding a lower court’s ruling, the Seoul Southern District Court delivered a mandatory mediation, ordering the 31-year-old, Lee Joon-kyung, to [...]
SEOUL, July 4 (Korea Bizwire) — Complaints about unfair operations and the interruption of internal communications within police forces are rampant among police officers in their 20s and 30s, a survey showed Sunday. The Korean National Police University’s Police Science Institute recently conducted a survey of 1,131 newly-appointed police officers. In response to a question [...]
SEOUL, July 4 (Korea Bizwire) — South Korean top carmaker Hyundai Motor Co. has officially scrapped a plan to build a liquefied natural gas (LNG)-powered thermal power plant that it had pursued as part of a carbon neutral strategy. The company said it had mulled over constructing an LNG power plant to reduce carbon emissions [...]
SEOUL, July 4 (Korea Bizwire) — LS Cable & System Ltd., South Korea’s leading wire and cable manufacturer, said Sunday it would carry out a wooden cable drum recycling project as part of its efforts to strengthen environmental, social and governance (ESG) management through resource circulation. Wooden drums are used in the process of storing [...]
SEOUL, July 3 (Korea Bizwire) — With more people returning to the office amid easing of social distancing restrictions, instances of workplace harassment have also been on the rise, a survey showed Sunday. According to a poll by Embrain Public, conducted between June 10 and 16 on 1,000 office workers aged 19 or older, 29.6 [...]
SEOUL, July 2 (Korea Bizwire) — President Yoon Suk-yeol’s visit to Spain put his administration’s priorities on full display as he called for international cooperation for North Korea’s denuclearization, exchanged friendly greetings with Japan’s prime minister, and promoted the excellence of South Korea’s nuclear energy and defense industries. Yoon arrived in Madrid on Monday on [...]
SEOUL, July 1 (Korea Bizwire) — Amid soaring prices, Koreans are buying lunchboxes at convenience stores or making their own lunches to save money as a so-called ‘lunchflation’ phenomenon takes hold. “I can save 3,000 to 5,000 won (US$2.31-3.85) each time I make a lunchbox,” said a 28-year-old office worker surnamed Shin. “I’m worried that [...]
SEOUL, July 1 (Korea Bizwire) — A recent public opinion survey showed that those who support the idea of raising the age hurdle for offering free access and basic pensions for seniors outnumber those who oppose it by a significant margin. Embrain Public, KSTAT Research, Korea Research and Hankook Research jointly conducted a National Barometer [...]
SEOUL, July 1 (Korea Bizwire) — Former U.S. Defense Secretary James Mattis on Friday emphasized the importance of deterrence as a “primary” tool to maintain peace on the Korean Peninsula and help diplomats work to that end “from a position of strength.” Mattis, who led the Pentagon from January 2017 to December 2018 under former [...]
SEOUL, July 1 (Korea Bizwire) — Fierce competition in the online shopping industry, which enjoyed massive growth during the pandemic, is resulting in declining brand value for some of the major players, an appraisal website showed Thursday. Brandstock, a South Korean market research firm that determines rankings of the top 100 local brands, said in [...]