SEOUL, Dec. 1 (Korea Bizwire) – In response to a proposal by the Seoul Metropolitan Government to allow foreign workers on E-9 non-professional employment visas to drive village buses, the Ministry of Employment and Labor announced it cannot accommodate the request under current regulations, citing safety and legal concerns. The ministry suggested the matter be addressed [...]
SEOUL, Dec. 1 (Korea Bizwire) – Samsung Electronics has officially launched its home appliance subscription service, directly competing with LG Electronics, which has established a strong foothold in this sector. Starting December 1, Samsung will roll out its “AI Subscription Club” through Samsung stores nationwide and its online platform, Samsung.com. The service allows customers to pay [...]
SEOUL, Nov. 30 (Korea Bizwire) – Suncheon Bay in South Korea has once again become a winter refuge for thousands of hooded cranes, drawing attention to the city’s conservation efforts for these globally significant migratory birds. As of November 25, local officials reported 6,715 hooded cranes across the bay’s three mudflats: 1,916 in Nongju, 1,555 in [...]
SEOUL, Nov. 30 (Korea Bizwire) – The South Korean Ministry of Education has announced adjustments to its timeline for introducing AI-powered digital textbooks, originally set for widespread implementation by 2028. The decision, unveiled on November 29, reflects growing concerns from educators about the suitability of such technology for certain subjects and the challenges of rapid adoption. [...]
INCHEON, Nov. 30 (Korea Bizwire) – Incheon, a metropolitan city on South Korea’s west coast, has recorded the nation’s highest birth rate growth in 2024, buoyed by bold pro-family policies. The city announced on November 29 that 11,326 babies were born in Incheon between January and September, an 8.3% increase compared to the same period in [...]
SEOUL, Nov. 29 (Korea Bizwire) – K-pop sensation NewJeans has officially notified their agency, ADOR, of the termination of their exclusive contract, sparking industry-wide discussion about their unprecedented approach in avoiding immediate legal action, such as a preliminary injunction. Typically, disputes between artists and agencies in South Korea, as seen in recent cases involving LOONA’s Chuu [...]
SEOUL, Nov. 29 (Korea Bizwire) – Samsung Electronics is expected to announce a significant reduction in its executive ranks during its upcoming annual leadership reshuffle scheduled for November 29. Among the most notable changes, around 100 executives from the semiconductor division (DS) are set to retire—a move that marks an unprecedented level of departures in [...]
SEOUL, Nov. 29 (Korea Bizwire) – Two decades after their introduction to South Korea, Private Equity Funds (PEFs) have transformed from behind-the-scenes investors into influential powerbrokers wielding control over industries ranging from heavy manufacturing to fast-food chains. These once-reclusive investors, who previously surfaced only for occasional mega-mergers, now command a significant presence across South Korea’s business landscape, [...]
SEOUL, Nov. 29 (Korea Bizwire) — One in three South Korean consumers has experienced issues while shopping online, a government survey showed Friday, underscoring the need for improved consumer protection from e-commerce operators. The survey, conducted on 2,000 local consumers, showed that 29.4 percent of the people shopping on local e-commerce platforms and 28.3 percent [...]
SEOUL, Nov. 29 (Korea Bizwire) – Despite the government’s initiatives to boost corporate value, the return on equity (ROE) of South Korea’s top companies has plummeted over the past three years, with average ROE nearly halving. ROE, a critical metric for evaluating value enhancement, measures net income relative to shareholder equity, reflecting how effectively a [...]