SEOUL, June 27 (Korea Bizwire) — South Korea said Monday it will raise electricity rates for the third quarter and natural gas prices for civilian use starting next month amid mounting inflationary pressure due to high global energy costs. The state-run power firm Korea Electric Power Corp. (KEPCO) said it will raise the adjusted unit [...]
SEOUL, June 27 (Korea Bizwire) — IT companies that introduced so-called ‘workation’ policies are planning for their expansion due to popular demand. Line Plus Corp., a mobile service subsidiary of South Korea’s leading internet portal Naver Corp., introduced Line Hybrid Work 1.0 which allows staff members to work remotely from any location in the country. [...]
SEOUL, June 27 (Korea Bizwire) — Ever since the pandemic has changed how we work, more than half of all workers believe that it has increased productivity. Accounting firm EY Hanyoung conducted a survey of 17,000 individuals including the management staff and employees from some 1,500 companies in 22 countries, in which 64 percent of [...]
SEOUL, June 27 (Korea Bizwire) — SK Geocentric Co., a chemical unit under South Korea’s SK Group, announced that it had signed an agreement with the Ministry of Environment, expressway operator Korea Expressway Corp. and bottled water brand Jeju Samdasoo to launch a campaign promoting the separate disposal of plastic bottles at expressway rest areas. [...]
SEOUL, June 25 (Korea Bizwire) — The bereaved family of a fisheries official killed by North Korea in 2020 vowed Friday to reveal what former President Moon Jae-in did during the six hours after their loved one was found adrift at sea until he was ultimately shot to death. The family of the late official, [...]
SEOUL, June 24 (Korea Bizwire) — Seven out of 10 South Koreans believe the government should only provide non-military aid to Ukraine, a survey showed Friday. In the survey of 1,000 people aged 18 or above conducted by Gallup Korea from Tuesday to Thursday, 72 percent said the government of President Yoon Suk-yeol should only [...]
SEOUL, June 24 (Korea Bizwire) — Concerns are rising over the risk of the value chain for major sources of renewable energy like solar and wind power being dominated by China, a report showed Thursday. The report from the Federation of Korean Industries (FKI), the lobby for South Korea’s family-controlled conglomerates, gave a global forecast [...]
SEOUL, June 24 (Korea Bizwire) — South Korea’s top two chipmakers — Samsung Electronics Co. and SK hynix Inc. — are coming up with ways to ensure work-life balance for employees. During a recent meeting with female employees, Samsung Vice Chairman Han Jong-hee announced that the company will introduce a reboarding program for employees returning [...]
SEOUL, June 24 (Korea Bizwire) — Consumption of gasoline and diesel in South Korea jumped more than 40 percent in May from a month earlier, as expanded fuel tax subsidies channeled pent-up demand from the pandemic, data showed Friday. The combined consumption of the two fuel types reached 24.82 million barrels, up 43 percent from [...]
SEOUL, June 24 (Korea Bizwire) — The U.S. House Armed Services Committee has endorsed an annual defense policy bill for the fiscal year 2023 maintaining the current level of around 28,500 American troops in South Korea, according to media reports Friday. The proposed National Defense Authorization Act (NDAA) for the fiscal year starting Oct. 1 [...]