JEJU, Oct. 24 (Korea Bizwire) — A former high school teacher in Jeju has had his fine doubled on appeal after being convicted of making sexually inappropriate remarks to students during class. The Jeju District Court’s Criminal Division 2, presided over by Judge Oh Chang-hoon, on Thursday overturned a lower court’s ruling and imposed a fine [...]
SEOUL, Oct. 24 (Korea Bizwire) — South Korean high school graduates who fail to secure employment within three months of finishing school face dramatically lower chances of landing stable, well-paying jobs, according to new research released Thursday. The study, conducted by the Korea Educational Development Institute (KEDI), analyzed 792 high school graduates who did not pursue [...]
SEOUL, Oct. 23 (Korea Bizwire) — Starting Thursday, South Korea began enforcing a revised labor law that allows employees to seek punitive damages of up to three times the amount of unpaid wages from employers who intentionally withhold pay, as part of a broader effort to crack down on chronic wage arrears. The Ministry of Employment [...]
SEOUL, Oct. 23 (Korea Bizwire) — At exactly 10:29 a.m. on Thursday, six days before the third anniversary of the Itaewon crowd crush, three shrouded photographs were revealed outside Exit 1 of Itaewon Station — the site of the 2022 tragedy that left 159 people dead. Against a deep violet backdrop embroidered with constellations, the images [...]
SEOUL, Oct. 23 (Korea Bizwire) — The Halloween night in Itaewon began like any other — laughter spilling out of bars, music vibrating through narrow alleys — until it became a tragedy that left 159 people dead and a nation in disbelief. Now, nearly three years later, a government audit has concluded that one of the [...]
SEOUL, Oct. 23 (Korea Bizwire) – New passenger cars and small commercial vehicles in South Korea will be required to be equipped with pedal misuse prevention systems starting in 2029, a move aimed at reducing accidents caused by unintended accelerations, the transport ministry said Thursday. Under the government’s plan to revise the country’s automobile safety [...]
SEOUL, Oct. 23 (Korea Bizwire) — In a bid to merge urban mobility with wellness culture, the Seoul Metropolitan Government has transformed parts of three subway stations into fitness and leisure spaces for runners, offering free access to facilities that blend convenience with community. The new “Runner’s Base” zones — located at Gwanghwamun Station (Line 5), [...]
SEOUL, Oct. 23 (Korea Bizwire) — Beginning October 30, South Koreans will, for the first time, be able to convert death benefits from their life insurance policies into a steady stream of pension-style payments while still alive — a move regulators hope will reshape the country’s aging-era financial landscape. The Financial Services Commission (FSC) announced [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Korea remains one of only two major economies — alongside Japan — where large and small firms receive markedly different levels of tax incentives for research and development (R&D) and where unclaimed credits cannot be directly refunded, according to a new analysis by the Korea Chamber of Commerce and [...]
SEJONG, Oct. 23 (Korea Bizwire) — South Korea’s non-regular workforce has climbed to its highest level on record, surpassing 8.56 million as of August, with older workers driving much of the increase and the wage gap between regular and non-regular employees widening to an all-time high, government data showed Wednesday. According to the National Data Office’s [...]