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 [...]
SEOUL, Nov. 29 (Korea Bizwire) – Major South Korean pay TV operators are implementing voluntary retirement programs amid deteriorating business conditions, drawing criticism for shifting the burden of financial challenges onto workers. Following LG HelloVision, the country’s largest cable TV operator by subscribers, both Skylife and HCN have announced voluntary retirement plans. Skylife revealed its program during [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s military said Friday North Korea has sent around 40 balloons filled with trash across the border into the South since the previous night, with most of them landing in the broader capital area. The Joint Chiefs of Staff said it discovered about 30 of the balloons launched [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s industry ministry on Friday hosted a session to discuss strategies for applying quantum computing technologies in industries, including biohealth, chemical and materials. The event at Yonsei University, attended by government, business and academic officials, came as the government aims to offer tailored support for the initiative, according [...]
SEOUL, Nov. 29 (Korea Bizwire) — Police said Friday they have closed an investigation into sexual misconduct allegations raised against a former member of K-pop boy band F.T. Island without filing charges due to a lack of evidence. Choi Min-hwan, a former drummer for the band, was suspected of engaging in prostitution and sexually harassing [...]
SEOUL, Nov. 29 (Korea Bizwire) – Incheon city announced on Thursday that over 17,100 pregnant women have applied for its transportation subsidy program since its launch in April. The initiative provides ₩500,000 in transportation assistance per eligible applicant, allocated via Incheon’s local currency platform, “Incheon e-Eum.” The city initially set aside ₩5 billion for 12,500 women [...]
SEOUL, Nov. 28 (Korea Bizwire) – In a landmark decision, South Korea’s Supreme Court has upheld a lower court ruling requiring Nexon Korea to partially refund players who were affected by falsely advertised probability rates for in-game items. The Supreme Court’s Third Division rejected Nexon’s appeal on November 28, finalizing a ruling that orders the company [...]
SEOUL, Nov. 28 (Korea Bizwire) – The South Korean government announced measures on Wednesday to relax visa requirements for skilled foreign workers and increase hiring caps for construction firms, aiming to address chronic labor shortages and support regional development. Under the new policy led by the Ministry of Justice, foreign workers with over five years of [...]
SEOUL, Nov. 28 (Korea Bizwire) – On Wednesday morning, a heavy snowstorm blanketed the Seoul metropolitan area, forcing many delivery workers to make a difficult decision: stay safe or earn higher wages. A delivery rider from Incheon, identified as Mr. A, initially planned to take the day off for a health checkup. However, the sudden surge [...]
SEOUL, Nov. 28 (Korea Bizwire) – A senior lawmaker from South Korea’s majority Democratic Party, Lee Eon-joo, introduced a resolution on Thursday urging the government to cease its involvement in the Ukraine conflict, including the provision of lethal weapons. In a press conference at the National Assembly, Lee emphasized the constitutional duty of the South Korean [...]