SEOUL, Feb. 8 (Korea Bizwire) — The Seoul metropolitan government will test pet cats and dogs for COVID-19 if they show symptoms, an official said Monday. The new program will start the same day, several weeks after the country reported its first COVID-19 case involving a pet in a kitten in the southeastern city of [...]
SEOUL, Feb. 8 (Korea Bizwire) — While conglomerate employees have always had complaints about bonus payments, the issue has once again reached a head after this year’s raging disputes between management and labor unions have spotlighted the importance of rewarding systems and internal communication. While SK hynix Inc., South Korea’s No. 2 chipmaker, took the [...]
SEOUL, Feb. 8 (Korea Bizwire) — Movements are stirring in South Korea in protest to the recent coup d’etat in Myanmar. The Burmese Youth Association in South Korea held press conferences in five locations across Seoul on Sunday, including the Myanmarese Embassy and downtown, calling upon the Myanmar’s military authorities to abort the coup and [...]
ULSAN, Feb. 6 (Korea Bizwire) — Hyundai Motor Co. will reshore some of its manufacturing operations in the United States to help maintain work for its employees at home, its union said Saturday. Under an agreement reached between the company and the union, production of about 70,000 Sonata and Avante sedans will be returned from [...]
SEOUL, Feb. 5 (Korea Bizwire) — South Korea’s power plant builder Doosan Heavy Industries & Construction Co. said Friday that its board of directors has decided to sell the company’s 35 percent stake in Doosan Infracore Co. for 850 billion won (US$757 million) to global shipbuilding holding company Hyundai Heavy Industries Holdings Co. (HHIH). Cash-strapped [...]
SEOUL, Feb. 5 (Korea Bizwire) — Trendsetting companies from various fields including communications, credit card and others will join hands to build South Korea’s first private-sector ‘data dam’. SK Telecom Co., jointly with Shinhan Card Co., Korea Credit Bureau Co., GS Retail Co. and Real Estate 114 Inc. have formed a data alliance, announcing plans [...]
SEOUL, Feb. 5 (Korea Bizwire) — Management crises are sweeping over South Korean units of foreign automakers. Financially-troubled SsangYong Motor Co. stalled operation of its plant in Pyeongtaek, 70 kilometers south of Seoul, last Wednesday after several subcontractors refused to supply essential parts and demanded payment. The South Korean unit of Indian carmaker Mahindra & [...]
SEOUL, Feb. 5 (Korea Bizwire) — South Korea’s ‘bittoo’ fever is spreading rapidly, even to university students and job seekers with no stable income. Bittoo is the Korean term for borrowing to invest. This fever engulfed the country starting from last year with lots of people in their 20s and 30s taking out loans to [...]
INCHEON, Feb. 5 (Korea Bizwire) – In the midst of an increase in the number of parcel delivery service users resulting from the prolonged COVID-19 outbreak, the collection of cardboard delivery boxes by resource collection facilities in the port city of Incheon has marked a sharp increase. The city-run Environmental Corporation of Incheon’s Songdo-based facility [...]
SEOUL, Feb. 4 (Korea Bizwire) — Department stores are going beyond showcasing and discount promotions to tap into the ‘sensibility’ of customers to promote items online. Shinsegae Department Store added a ‘lifestyle content’ section on its mobile app last October, which introduces movies, books, and merchandise that best represent the current month or season. On [...]