SEOUL, Dec. 2 (Korea Bizwire) — The government plans to establish a legal support system to protect adolescents who lack legal awareness from going bankrupt due to the debts inherited from parents. The Ministry of Justice said Wednesday that it will preemptively identify teenagers who need legal advice related to inheritance and provide them with [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korean automakers’ sales fell 15 percent last month from a year earlier as a prolonged chip shortage continued to affect vehicle production and sales, industry data showed Wednesday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor [...]
SEOUL, Dec. 1 (Korea Bizwire) — The family of a female COVID-19 victim, who died during cohort isolation at a long-term care hospital for senior citizens in Seoul, plans to start a damage suit against the state, their lawyers said Wednesday. The lawsuit will soon be filed with the Seoul Central District Court on behalf [...]
SEOUL, Dec. 1 (Korea Bizwire) — The users of iPhone devices, including the iPhone 12 and 13, continued to experience dropped calls even after updating the mobile operating system released by Apple last month to fix the issue, industry sources said Wednesday. An official at LG Uplus Corp., a major South Korean telecom operator, said [...]
SEOUL, Dec. 1 (Korea Bizwire) — Starting in June of next year, popular figures will be able to demand reparations or remedy if financial damage is incurred by someone illegally using their name or pictures. The Korean Intellectual Property Office (KIPO) said Tuesday that new legislation including these rules had passed the state council. While [...]
SEOUL, Dec. 1 (Korea Bizwire) – Two major foreign investment banks (IBs) have revised down their targets of South Korea’s key stock index for 2022 amid rising market volatility following the discovery of the omicron coronavirus variant, industry sources said Wednesday. In a recent report on South Korea, Goldman Sachs has cut its 2022 target [...]
SEOUL, Dec. 1 (Korea Bizwire) — The government said Tuesday it will promote wider access to real estate-related public data as a way to cultivate the real estate service industry, including “proptech (property technology).” As the first step in this move, the government decided to expand access to the real-estate public data that is a [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korea will open the door for locals to try on unifocal glasses virtually and purchase them online. The Ministry of Economy and Finance said Tuesday it drew a consensus on the online sales of unifocal glasses after having discussions with related parties and ministries through a coordination body. [...]
SEOUL, Nov. 30 (Korea Bizwire) — More people are breaking traditional social preference for office jobs to work in the blue-collar sector. A YouTube video by a 20-year-old South Korean female forklift operator working in Australia via the working holiday program has recently gone viral as she has been earning 5 million won (US$4,200) per [...]
SEOUL, Nov. 30 (Korea Bizwire) — The excess mortality rate of individuals suffering from bipolar disorder in South Korea turned out to be the highest among the Organization for Economic Cooperation and Development (OECD) member states, the health ministry said Monday. Excess mortality rate is a mortality rate of a certain disease in relative terms [...]