SEOUL, Aug. 16 (Korea Bizwire) — SK Group has decided to work with other global corporations over the next three years to build international standards to measure the ‘social value’ generated by businesses. SK announced that the Value Balancing Alliance (VBA), a non-profit organization in Frankfurt, Germany, will begin carrying out the task of jointly [...]
SEOUL, Aug. 16 (Korea Bizwire) — The threshold for luxury hotels has been lowered, with the concept of ‘hocance’, a combination of “hotel + vacation” becoming one of the most common forms of travel. Even if guests do not stay overnight, hotels are turning into a place where guests can spend few hours together by [...]
SEOUL, Aug. 16 (Korea Bizwire) — The government has begun full-fledged discussions on levying taxes and funds for online video services, a so-called “YouTube tax.” The Ministry of Science and ICT recently asked the Korea Legislation Research Institute, a government-funded research institute, to carry out research projects on overseas trends of digital taxes, including YouTube [...]
SEOUL, Aug. 16 (Korea Bizwire) — Kim In-hwan spends most of her time by herself in a small apartment in Seoul. But the 83-year-old with no family says she’s not lonely thanks to a new talking buddy named Aria, the virtual assistant of SK Telecom Co.’s artificial intelligence (AI) speaker, NUGU. Waking up to the [...]
SEOUL, Aug. 15 (Korea Bizwire) — South Koreans’ credit card spending on Japanese products has more than halved in the past month amid an escalating trade row between the two countries, government data showed Thursday. Korean consumers have staged a campaign against Japanese products and travel to the neighboring country since early July when Japan [...]
SEOUL, Aug. 14 (Korea Bizwire) — A recent study has revealed that companies have negative views about job applicants with short work experience at a previous job or those who have changed their job frequently. Saramin, a job search platform, conducted a survey on 662 companies, 81.3 percent of whom said they had negative views [...]
ULSAN, Aug. 14 (Korea Bizwire) — The city of Ulsan plans to build South Korea’s first pipeline system to supply hydrogen. The city signed an agreement with six agencies and businesses including the Korea Gas Safety Corp. (KGS) on Tuesday to build pipelines between hydrogen filling stations and hydrogen supplier Deokyang Co., and establish a [...]
SEJONG, Aug. 14 (Korea Bizwire) — The Korea National Park Service introduced painful traces and memories of Japanese colonial era ahead of National Liberation Day (Aug. 15) at Odaesan (Mount Odae) National Park and Hallyeohaesang National Marine Park. During the colonial period, there were many slash-and-burn farmers on Mount Odae, who set fire to the [...]
SEOUL, Aug. 13 (Korea Bizwire) — More than half of foreign workers in South Korea are not aware of the fact that they are entitled to receive departure insurance payments and other various forms of severance payments, according to a study by human rights organizations. Departure insurance is mandatory for employers in South Korea who [...]
SEOUL, Aug. 12 (Korea Bizwire) — A new “comfort women” memorial statue will be unveiled in Seoul this week, when the nation marks International Memorial Day for Comfort Women amid its intensifying diplomatic and trade conflict with Japan, officials said Monday. The new statue, made by a nonprofit association of Korean residents in San Francisco [...]