SEOUL, June 12 (Korea Bizwire) — A growing number of South Korean office workers in their 20s and 30s say that no paycheck is worth compromising on workplace ethics, fairness, and alignment with personal values — a shift reshaping the country’s job market and corporate culture. According to a survey released Wednesday by JobKorea’s Content [...]
DAEJEON, South Korea, June 12 (Korea Bizwire) — A surge of green algae in Daejeon’s three main rivers — the Gapcheon, Yudeungcheon, and Daejeoncheon — has sparked criticism from environmental groups, who argue the bloom is a direct result of large-scale dredging operations carried out in recent years. In a joint statement released Wednesday, the Green [...]
SEOUL, June 12 (Korea Bizwire) — The proportion of South Korean companies unable to cover their interest expenses with operating profits reached an all-time high in 2024, underscoring persistent financial stress among smaller firms despite improved overall corporate earnings. According to the Bank of Korea’s annual corporate management analysis released Wednesday, 40.9% of non-financial, for-profit companies [...]
Seoul, June 12 (Korea Bizwire) — As President Lee Jae-myung’s administration sets its sights on making South Korea one of the world’s top three artificial intelligence (AI) powers, a growing chorus within the tech industry is calling for a shift in focus — from grand-scale infrastructure projects to practical, sector-specific solutions that bridge the widening gap [...]
ULSAN, South Korea, June 12 (Korea Bizwire) – Hyundai Motor’s labor union is demanding compensation of 20 million won (approximately $14,500) per worker in this year’s wage and collective bargaining talks, citing the Supreme Court’s 2024 ruling on the inclusion of regular bonuses in base pay calculations. Although the court limited retroactive application of the decision [...]
SEOUL, June 12 (Korea Bizwire) — The South Korean government has released a comprehensive white paper chronicling its response to the COVID-19 pandemic, detailing a 1,564-day journey from the nation’s first confirmed case to the official downgrade of the health crisis. Titled “2020–2024 COVID-19 White Paper,” the document was published by the Ministry of Health [...]
SEOUL, June 11 (Korea Bizwire) — Hyundai Mobis announced Wednesday it has developed a new rear safety control system that allows vehicles to autonomously accelerate to maintain a safe distance when being tailgated — a technological first aimed at enhancing driver protection on highways. The feature, which integrates rear-side radar sensors with front-facing cameras and driving [...]
CHEONGJU, June 11 (Korea Bizwire) — Amid rising temperatures and shifting weather patterns driven by climate change, South Korea’s disease control agency has unveiled a comprehensive five-year plan to strengthen the nation’s defenses against vector-borne diseases such as Japanese encephalitis, malaria, and tick-borne infections. At a briefing held Wednesday at its Osong headquarters, the Korea [...]
SEOUL, June 11 (Korea Bizwire) — President Lee Jae-myung on Wednesday unveiled a sweeping vision to revitalize South Korea’s capital markets by promoting dividend-friendly policies, cracking down on unfair trading practices, and positioning equities as a viable alternative to real estate for household investment. Speaking at a roundtable held at the Korea Exchange’s Market Surveillance Committee [...]
SEOUL, June 11 (Korea Bizwire) – South Korea’s major food delivery platforms are under renewed pressure as the Lee Jae-myung administration accelerates discussions on implementing a cap on delivery-related fees — a key campaign pledge aimed at promoting fairer economic practices. At the center of the debate is a proposal from Baemin (operated by Woowa [...]