SEOUL, Nov. 19 (Korea Bizwire) — Cafes and restaurants will be banned from using disposable products at stores starting next year to reduce plastic waste spiking amid the pandemic, the environment ministry said Friday. The ministry has recently put up an administrative notice that a revised law prohibiting the use of disposable items, such as [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korea’s corporate social responsibility (CSR) activities are expanding into protecting animal rights and revitalizing local economies. POSCO Engineering & Construction Co. is going to offer a helping hand to build a large cat shelter using a closed school in the island village in Tongyeong, a coastal city in [...]
SEOUL, Nov. 19 (Korea Bizwire) — Starting next January, the National Health Insurance Service (NHIS) will offer larger childbirth subsidies that are provided as credit/debit card vouchers. The Ministry of Health and Welfare and the NHIS announced Thursday that relevant legislation will come into effect on January 1, 2022. According to the new legislation, a [...]
SEOUL, Nov. 19 (Korea Bizwire) — Foreign investment companies registered in South Korea feel most uncomfortable about the government’s introduction of the new workplace disaster law and raising the minimum wage, a survey showed Thursday. The Korea Enterprises Federation, a major business lobby group, conducted a survey of 220 foreign investment companies with more than [...]
SEOUL, Nov. 19 (Korea Bizwire) — A South Korean-led consortium has won a 700 billion won (US$593 million) project to build a new airport in Peru by 2025, the transport ministry said Friday. Hyundai Engineering & Construction Co. (Hyundai E&C) leads the consortium that includes Mexico’s Grupo ICA, China’s Sinohydro Corp. Ltd. and Peru’s HV [...]
SEOUL, Nov. 18 (Korea Bizwire) — Samsung Group’s de facto leader Lee Jae-yong has met with leaders of Moderna and Verizon in the United States to enhance cooperation with the global partners, Samsung said Thursday, as part of efforts to secure the conglomerate’s next growth engines. Lee, vice chairman of Samsung Electronics Co., met Noubar [...]
SEOUL, Nov. 18 (Korea Bizwire) — The government will launch a formal discussion on whether to prohibit dog meat consumption, officials said Thursday, following President Moon Jae-in’s suggestion to review the controversial practice. The government will table the issue of how to proceed with social discussions on dog meat consumption at a Cabinet meeting to [...]
SEOUL, Nov. 18 (Korea Bizwire) — More than 70 percent of seniors over 60 years of age still work to make an income and live separately from their children, a survey showed Wednesday. The biennial poll released by Statistics Korea showed that 72.5 percent of South Korean seniors picked themselves or their spouse as a [...]
SEOUL, Nov. 18 (Korea Bizwire) — Samsung Electronics Co. boosted its market presence in the global memory market in the third quarter, further consolidating its dominant position in the segment, a report showed Thursday. Samsung, the world’s biggest memory chip maker, took up 44 percent of the DRAM market for the three months ending in [...]
SEOUL, Nov. 17 (Korea Bizwire) — The South Korean sensation “Squid Game” has posted a total of 1.65 billion hours of streaming in the first four weeks of release, becoming the most-watched Netflix content of all time. Netflix on Tuesday (U.S time) released the global top 10 lists of films and TV shows based on [...]