SEOUL, Oct. 21 (Korea Bizwire) — South Korea’s Supreme Court has ruled that resident doctors at general hospitals are entitled to overtime and night-shift pay under the Labor Standards Act, marking a major decision that reinforces labor protections for medical trainees. The court upheld a lower court ruling in favor of three former emergency medicine residents [...]
SEOUL, Oct. 17 (Korea Bizwire) — A new study has found that only 8 percent of South Korean adults would choose to continue life-sustaining treatment if diagnosed with terminal, untreatable cancer, with the vast majority preferring to end life-prolonging care or seek euthanasia or physician-assisted death. According to the Korean Society for Hospice and Palliative [...]
HONGSEONG, Oct. 16 (Korea Bizwire) — South Chungcheong Province will build an eco-friendly recycling facility in Seocheon to convert massive amounts of driftwood and debris washed down the Geum River each summer into renewable wood pellets, officials said Thursday. The new center, to be located in the Janghang National Ecological Industrial Complex, aims to establish a [...]
SEOUL, Oct. 16 (Korea Bizwire) — Household lending in South Korea grew at its slowest pace in six months in September, new data showed Thursday, as tougher regulations and seasonal factors cooled borrowing amid renewed efforts to rein in housing prices and rising household debt. According to the Bank of Korea, household loans extended by banks [...]
SEOUL, Oct. 16 (Korea Bizwire) — Two of South Korea’s largest music copyright organizations are locked in a legal dispute over more than 100 billion won (about $72 million) in so-called “residual royalties” collected from YouTube — funds generated from music whose rights holders were unidentified or failed to claim payment in time. The Korea Music [...]
SEOUL, Oct. 15 (Korea Bizwire) — LG Electronics’ laptop brand Gram has been named the best notebook of the year by Consumer Reports, beating out models from Apple and Samsung in a comprehensive evaluation of 154 devices sold in the U.S. market. According to rankings released Wednesday, the LG Gram Pro 2-in-1 — marketed in [...]
JEJU, Oct. 15 (Korea Bizwire) — Jeju Island will host an eco-themed camping and cooking festival powered entirely by renewable energy from local wind farms, as part of efforts to promote carbon neutrality and sustainable living. The two-day RE100 Camping & Cook Festa will take place on October 18–19 at the Dongbok and Bukchon wind power [...]
SEOUL, Oct. 15 (Korea Bizwire) — Samsung Asset Management said Tuesday that its KODEX Robot Active exchange-traded fund (ETF) has surpassed 200 billion won ($145 million) in net assets, underscoring surging investor enthusiasm for the nation’s robotics sector amid rapid advances in artificial intelligence. As of October 14, the fund’s net asset value stood at [...]
SEOUL, Oct. 10 (Korea Bizwire) — While much of the world races to unlock the economic and therapeutic potential of medical cannabis, South Korea remains mired in outdated regulations that treat even non-psychoactive compounds as narcotics. Lawmakers and experts warn that this rigid stance is stifling domestic innovation, draining public healthcare funds, and pushing patients [...]
SEOUL, Oct. 10 (Korea Bizwire) — As soaring bakery prices push past 10,000 won for just a few items at franchise shops, Koreans are increasingly turning to low-cost private label (PB) bread sold at convenience stores and large retailers. The shift has fueled what industry insiders are calling a “budget bakery boom,” with PB bread [...]