SEOUL, May 13 (Korea Bizwire) – The South Korean antitrust regulator said Monday it signed agreements with the Chinese retail platforms AliExpress and Temu meant to strive to prevent their selling of harmful products and better protect consumers. The move came as the customs agency found that some of the products sold on AliExpress, owned [...]
SEOUL, May 13 (Korea Bizwire) – The new chief of the military recruitment agency pledged Monday to push for changes in the country’s supplementary military system as questions arose over its fairness with an exemption of top athletes and musicians from conscription. Kim Jong-cheol, the new commissioner of the Military Manpower Administration, made the remark [...]
SEOUL, May 9 (Korea Bizwire) — President Yoon Suk Yeol said Thursday he will create a new ministry to tackle the country’s low birth rate. Yoon made the remark during an address to the nation marking the second anniversary of his presidency. “In order to overcome the low birth rate, which can be considered a [...]
SEOUL, May 2 (Korea Bizwire) — Rival political parties are set to hold a parliamentary plenary session Thursday to pass a special bill mandating a new investigation into the 2022 Itaewon crowd crush that claimed 159 lives. The bill, which was initially railroaded by the main opposition Democratic Party (DP) in January but vetoed by [...]
SEOUL, April 25 (Korea Bizwire) – A major Japanese internet company partly owned by Naver, South Korea’s biggest web portal, is facing pressure from Tokyo to strip the Korean tech firm of its controlling stake after a data breach last year, an extraordinarily aggressive move that threatens to upend a rare alliance between corporate giants from [...]
SEOUL, April 25 (Korea Bizwire) – A significant number of migrant workers in South Korea have experienced wage theft, with the average amount owed surpassing 6 million won according to a recent government study. The report, titled “Research Study on the Current Situation of Wage Arrears for Migrant Workers and Remedies,” was commissioned by the National [...]
SEOUL, Apr. 25 (Korea Bizwire) – A national survey on reforming South Korea’s pension system found that a proposal to raise contributions in exchange for higher payouts was most popular among those in their 40s and 50s, while younger Koreans were more reluctant to increase their payments, highlighting a generational divide. The results from the citizen [...]
SEOUL, April 24 (Korea Bizwire) – More medical professors affiliated with major hospitals in South Korea are considering taking weekly breaks amid the prolonged walkout by trainee doctors, officials said Wednesday, sparking fears of exacerbating the country’s health care crisis and financial difficulties of hospitals. Earlier in the day, an emergency committee of medical professors [...]
SEOUL, April 20 (Korea Bizwire) –In a concerning development, Seoul National University Hospital has not had a single full-time obstetrician on staff since March, highlighting the growing aversion among medical professionals toward the high-risk and demanding field of obstetrics. This marks the first time the prestigious hospital has grappled with such a vacancy in its [...]
TOKYO/SEOUL, Apr. 18 (Korea Bizwire) – The Tokyo Electric Power Company (TEPCO) announced on April 17 that it would commence the second year of releasing treated radioactive wastewater from the crippled Fukushima Daiichi nuclear power plant into the Pacific Ocean starting on April 19. The utility said it had analyzed samples from the measurement and [...]