SEOUL, Sept. 30 (Korea Bizwire) – The Korea Fair Trade Commission has launched an investigation into Baedal Minjok, the country’s largest food delivery app, over allegations that it forced restaurants to offer it the most favorable pricing terms. Restaurant owners claim that Baedal Minjok, commonly known as Baemin, pressured them to keep prices on its platform [...]
SEOUL, Sept. 30 (Korea Bizwire) – In the pharmaceutical industry, glass bottles continue to play a significant role in packaging both over-the-counter and prescription medications, despite ongoing challenges with breakage and contamination risks. While glass containers are prized for their ability to preserve drug integrity, their fragility has prompted pharmaceutical companies to seek alternative solutions, including [...]
SEOUL, Sept. 30 (Korea Bizwire) – A recent study has revealed that an overwhelming majority of South Koreans are preoccupied with their health, with 7 out of 10 individuals expressing concern about their physical well-being and a staggering 9 out of 10 regularly consuming health supplements. These findings come from the “2024 Korea Wellness Report,” released [...]
SEOUL, Sept. 30 (Korea Bizwire) – A recent analysis of South Korea’s health insurance system has revealed a significant disparity affecting many self-employed individuals. According to data from the National Health Insurance Service, approximately 230,000 self-employed business owners are paying health insurance premiums based on their highest-paid employees’ salaries, even when their own incomes are lower. [...]
SEOUL, Sept. 29 (Korea Bizwire) – A recent study has revealed that foreign visitors on working holiday visas in South Korea stay an average of 8.5 months, embark on 5.6 domestic trips, and spend about 970,000 won per month. These findings come from a report titled “K-Working Holiday: Why Choose Korea?” published on September 25 by [...]
SEOUL, Sept. 29 (Korea Bizwire) – A legal provision designed to ensure fair trials has become the center of a contentious debate in South Korea. The rule, which allows for the reassignment of judges in certain circumstances, is increasingly being scrutinized for potential abuse. Critics argue that it’s being exploited as a strategy to change presiding [...]
SEOUL, Sept. 28 (Korea Bizwire) – In a bid to safeguard its reputation as a premier travel destination, the Seoul Metropolitan Government has launched an undercover operation to investigate low-cost tour packages sold overseas. The initiative aims to curb the spread of so-called “dumping tourism,” which officials fear could tarnish the city’s image and lead to [...]
SEOUL, Sept. 28 (Korea Bizwire) – South Korean prosecutors have indicted two former semiconductor industry executives on charges of stealing cutting-edge memory chip technology from Samsung Electronics and using it to establish a rival company in China. The Seoul Central District Prosecutors’ Office announced on September 27 that it had formally charged the two men, identified [...]
SEJONG, Sept. 28 (Korea Bizwire) – A recent government report reveals that more than one in three elderly South Koreans living alone have no one to talk to, highlighting a growing crisis of isolation among the country’s aging population. Statistics Korea released its 2024 Elderly Statistics report on September 26, painting a stark picture of the [...]
SEOUL, Sept. 27 (Korea Bizwire) – The rise of e-commerce in South Korea has led to a steady decline in retail employment, with the number of sales workers decreasing for 60 consecutive months, according to recent government data. Statistics Korea reported on September 26 that the number of sales workers last month stood at 2.55 million, [...]