SEOUL, June 7 (Korea Bizwire) — Violations of the Labor Standards Act, including overtime work exceeding the statutory working hours, are rampant at Naver Corp., a recent survey showed. The South Korean search giant’s labor union recently conducted a survey with of members belonging to the firm’s three CIC (Company in Company) units. The results [...]
SEOUL, June 7 (Korea Bizwire) — South Korea’s top court has ruled in favor of residents living near a Naver Corp.’s main office building who filed a suit for compensation claiming that they suffered from the light reflected on the glass exterior surface of the building. The ruling made it possible to sue for prevention [...]
SEOUL, June 7 (Korea Bizwire) — In response to the challenge posed by tech giants making inroads in the banking industry, traditional financial services companies such as banks and credit card issuers are going on the counterattack. Credit card companies are preparing to launch an ‘open pay’ service that enables customers to register and use [...]
SEOUL, June 6 (Korea Bizwire) — Kim Ji-woo (alias), a 36-year-old office worker, found herself near the end of the line to get a COVID-19 vaccine, as she is not among the groups that are prioritized in the country’s nationwide inoculation plan. But she learned that the newly-launched “leftover” vaccine booking system was a way [...]
SEOUL, June 5 (Korea Bizwire) — Fewer than two out of 10 cosmetic containers distributed in South Korea are recyclable, an environmental group said Saturday, urging cosmetics companies to raise the recycling rate of their cosmetic packaging. The group, which calls itself “Cosmetic Attack Citizens Action,” said it examined 6,617 brand-name cosmetic containers, and only [...]
SEOUL, June 5 (Korea Bizwire) — Reports of ransomware attacks in South Korea have surged in the past year, shutting down hospitals to shopping malls as the coronavirus pandemic led to increased online activities. On Thursday, a major plastic surgery hospital in southern Seoul posted on its website that its servers had been breached by [...]
SEOUL, June 3 (Korea Bizwire) — Online shopping in South Korea increased 25.2 percent in April from a year earlier as more people used e-commerce shopping platforms amid a non-contact consumption trend caused by the pandemic, data showed Thursday. The value of online shopping transactions stood at 15.1 trillion won (US$13.6 billion) in April, up [...]
SEOUL, June 3 (Korea Bizwire) — LG Electronics Inc. on Thursday said its open source software management tool is now available to outside developers as the South Korean tech giant eyes to bolster its presence in the software community. LG said the FOSSLight (Free and Open Source Software Light) system, which it has been using [...]
SEOUL, June 3 (Korea Bizwire) — SK Corp., the holding company of SK Group, said Thursday it has made a strategic investment in Monolith Materials Inc., an American hydrogen company, to ramp up its clean energy business. The holding firm of South Korea’s No. 3 conglomerate said it has signed a deal to acquire stakes [...]
SEOUL, June 3 (Korea Bizwire) — The unification ministry said Thursday it will spend 1.18 billion won (US$1.06 million) of inter-Korean cooperation funds to build more video conference centers for reunions of families separated since the 1950-53 Korean War. A civilian-government committee on inter-Korean exchanges approved the decision to construct additional video conference facilities in [...]