SEOUL, Sept. 26 (Korea Bizwire) — The heads of South Korea’s major conglomerates have recently called for a series of countermeasure strategies, labeling the situation of heightened uncertainty at home and abroad as an “unprecedented crisis.” In particular, they say that such a crisis is not a matter to be resolved in a short period [...]
SEOUL, Sept. 26 (Korea Bizwire) — The government of Seoul on Thursday announced a plan to crack down on taxi drivers who overcharge foreign tourists in time for the peak autumn tourist season. The crackdown is scheduled for Sept. 30-Oct. 9, a period that coincides with China’s National Day holiday falling on Oct. 1-7, the [...]
SEOUL, Sept. 25 (Korea Bizwire) — Roughly two-thirds of single South Korean women believe that government policy in place to encourage giving birth to children falls short of influencing decisions on marriage and childbirth. Gayeon Matchmaking Consulting Service conducted a survey of 1,000 single men and women, 65 percent of whom believed that government policy [...]
SEOUL, Sept. 25 (Korea Bizwire) — Insurance policy-backed loans grew more than 20 percent over the past three years, data showed Wednesday, indicating that more people took out loans despite the risk of canceling insurance schemes before maturity amid a slowing economy. According to the data compiled by the Financial Supervisory Service, insurers’ outstanding policy [...]
SEOUL, Sept. 24 (Korea Bizwire) — The subscription economy, through which one can periodically receive products or services instead of purchasing them outright, is on the rise. Rental services, which used to be represented by water purifiers, are now in their heyday as they have expanded to various items such as LED masks and dishwashers. [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korean shopping mall operators are paying attention to the National Assembly’s upcoming decision on a new legislative bill during the regular session that starts on Thursday. The ruling party is currently pushing for stricter regulations that would require large-sized malls, so-called super supermarkets (SSMs), and shopping complexes to [...]
SEOUL, Sept. 23 (Korea Bizwire) — Prior to the launch of police investigations into those suspected of committing a crime, victims have been making use of social media to bring attention to their own cases, posting photos of suspects on the Internet. A case in point is an assault that occurred in Changwon, South Gyeongsang [...]
WASHINGTON/SEOUL, Sept. 20 (Korea Bizwire) — SK Group, an energy-to-telecom focused conglomerate, plans to invest US$10 billion over the next three years in the United States, the group’s chief has said, as it seeks to expand its presence in the world’s largest economy. SK Group Chairman Chey Tae-won made the remarks during a corporate event [...]
SEOUL, Sept. 20 (Korea Bizwire) — Research suggests that air pollutants including fine dust increase the risk of sudden death infant death syndrome (SIDS) for young infants. An analysis of 454 children who died of SIDS in South Korea between 2009 and 2013 found a link in which exposure to air pollution raised the risk [...]
SEOUL, Sept. 19 (Korea Bizwire) — The government announced plans to welcome more foreign workers to address the dwindling working population in South Korea due to the low birthrate and aging society. The Ministry of Economy and Finance announced on Wednesday that it will introduce a new visa for highly educated, high income-earning foreigners which [...]