SEOUL, Oct. 8 (Korea Bizwire) — South Korean video game giant NCSOFT Corp., stricken with criticism over newly released game and a plunging share price, is yet again facing a sexual harassment case. An anonymous whistleblower at the company posted on Blind, an anonymous community of employed workers, that “certain individuals notorious for committing sexual [...]
CHANGWON, Oct. 8 (Korea Bizwire) — The Korea Electrotechnology Research Institute (KERI) has developed a new technology that enables wearable electronic devices to produce and supply electricity for themselves by acting as their own power sources. The state-run institute announced on Thursday the development of an integrated technology comprised of a self-charging nano generator that [...]
SEOUL, Oct. 7 (Korea Bizwire) — An increasing number of business marketers are using ‘plogging,’ the act of picking up trash while jogging, to polish company reputations as responsible participants in environmental, social and governance (ESG) management. South Korea’s top cosmetics maker Amorepacific Corp.’s eco-friendly brand Innisfree recently joined hands with marine waste collectors on [...]
SEOUL, Oct. 7 (Korea Bizwire) — Employees of Starbucks coffee stores staged a demonstration Thursday in protest of excessive workload stemming from the company’s marketing events. Two trucks hired by Starbucks Coffee Korea workers drove around Seoul from 10 a.m. with signs calling for improved work conditions attached on their sides. The event will continue [...]
JEJU, Oct. 7 (Korea Bizwire) — On the southern island of Jeju, where about 1,400 race horses are retired every year, a proposal was made to slaughter and use the meat from retired race horses to develop new pet food products. Animal rights groups are voicing strong opposition against this proposal. On Wednesday, Jeju’s provincial [...]
SEOUL, Oct. 7 (Korea Bizwire) — The mandatory renewable portfolio standards (RPS) ratio for South Korea’s large-sized power suppliers will be revised upward from next year. The Ministry of Trade, Industry and Energy said Wednesday that it had issued an advance legislation notice for the upward revision of the RPS ratio for large-sized power suppliers. [...]
SEOUL, Oct. 6 (Korea Bizwire) — An elderly couple that has been selling Korean sugar candy “dalgona” in Seoul’s main theater street of Daehangno for 25 years hit the jackpot after creating the dalgonas that appear in the Netflix original Korean drama series “Squid Game.” Social media has been flooded with posts of photos and [...]
SEOUL, Oct. 6 (Korea Bizwire) — An activist professor has stepped up to criticize Chinese netizens engaging in illegal downloads of the hit Netflix series “Squid Game.” Netflix is currently unavailable in China. Official distribution of Korean films and dramas, in particular, has been banned by the Chinese government. Nevertheless, the newest releases with Chinese [...]
SEOUL, Oct. 6 (Korea Bizwire) — Netflix Services Korea Ltd., the local unit of global video streaming giant Netflix Inc., has been accused of evading taxation in South Korea by turning over most of the revenues generated in the country to overseas headquarters as ‘commission.’ Independent lawmaker Yang Jung-suk claimed that Netflix Services Korea has [...]
SEOUL, Oct. 6 (Korea Bizwire) — SK E&S Co., the energy unit of South Korean conglomerate SK Group, said Wednesday it will team up with U.S. fuel cell maker Plug Power Inc. to make a foray into the Asian hydrogen market. The two companies struck a deal to establish a 51:49 joint venture company, nine [...]