SEOUL, Sept. 10 (Korea Bizwire) — The mayor of Seoul has announced that the city will create a coexisting environment for animals by protecting stray cats at redevelopment sites. Mayor Park Won-soon promised to take action on a proposal made via the city’s civic participation platform asking the government to protect stray cats at sites [...]
SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s consumer price index declined for the very first time last month, a sign of deflation. Experts point out that declining consumer prices may become the so-called ‘new normal’ for South Korea. Statistics Korea reported that South Korea’s consumer prices reached a growth rate of 0.5 percent this [...]
SEOUL, Sept. 9 (Korea Bizwire) — A youth baseball match between South Korea and Japan is moving the hearts of citizens in both countries, despite the deteriorating political relationship between the two states. On Friday, South Korea and Japan met at Gijang-Hyundai Dream Ballpark in Gijang County, Busan, to compete in the final round of [...]
SEOUL, Sept. 9 (Korea Bizwire) — South Korea needs to act boldly to avoid deflation, a Nobel Prize-winning economist said Monday, as Asia’s fourth-largest economy has plenty of fiscal space and favorable budget positions. Paul Krugman, an economics professor at the City University of New York’s Graduate Center, said South Korea should undertake fiscal stimulus. [...]
SEOUL, Sept. 9 (Korea Bizwire) — Companies that are reducing the number of new hires they make this year are competing fiercely to recruit top-notch talent. Having the CEO participate in the recruitment process is becoming more common, and the introduction of artificial intelligence (AI) in the hiring process is also becoming popular. LG Chem [...]
SEOUL, Sept. 9 (Korea Bizwire) — Unionized workers at GM Korea Co. on Monday staged a full-scale strike for the first time in 22 years as they demand an increase in wages despite warnings from the company’s global headquarters. Some 8,000 workers participated in the walkout at the plants in Incheon, west of Seoul, and [...]
SEOUL, Sept. 8 (Korea Bizwire) — A member of the rock band The 1975 is getting flak on social media after posting a photo of himself stepping on the South Korean national flag. Matthew Healy, lead vocalist and rhythm guitarist of the English group, used a mirror to take a photo of himself with his [...]
SEOUL, Sept. 6 (Korea Bizwire) — A recent study has revealed that solitary seniors not engaging in any social activity are four times more likely to suffer from depression than those who do. A joint research team from Asan Medical Center and the Pyeongchang Public Health Center conducted a study of 408 senior citizens who [...]
SEOUL, Sept. 5 (Korea Bizwire) — The Seoul city government will nurture 10,000 workers to prepare them for the fourth industrial revolution and to combat unemployment through startups, Seoul Mayor Park Won-soon said Thursday. “We will work with the central government and operate an ‘Innovation Academy’ in November to train 2,000 youngsters who will play [...]
SEOUL, Sept. 5 (Korea Bizwire) — A video that introduces the victims of forced labor during Japanese rule is going viral on social media, moving the hearts of netizens around the world. The video begins with a famous quote from Good Will Hunting, a popular film that talks about a man who overcomes his hurtful [...]