SEOUL, Nov. 19 (Korea Bizwire) — Unionized Seoul subway workers said Tuesday they will go on a full-scale strike on Dec. 6 in demand of increases in wages and new staff hiring. The walkout plan was announced in a news conference by the biggest of the three labor unions of Seoul Metro, the operator of [...]
SEOUL, Nov. 19 (Korea Bizwire) — Nearly 7 in 10 married South Korean women have experienced career interruptions due to pregnancy and child-rearing, data showed Tuesday. The number of married women aged 15-54 who left the workforce reached 1.22 million in the first half of this year, according to the data from Statistics Korea. This [...]
SEOUL, Nov. 19 (Korea Bizwire) – South Korea’s inheritance tax system, among the highest in developed nations, is hampering business continuity and economic dynamism, according to a new report released on November 18 by the Korea Chamber of Commerce and Industry (KCCI). The report, “Five Reasons Why Inheritance Tax Reform is Necessary,” comes as the government’s [...]
SEOUL, Nov. 19 (Korea Bizwire) – In an innovative approach to tackle coffee capsule waste, South Korea’s postal service is transforming its nationwide network into a recycling infrastructure for used coffee capsules. Korea Post announced on November 18 that it has launched a nationwide collection program for used coffee capsules, following a July partnership agreement with [...]
SEOUL, Nov. 18 (Korea Bizwire) — Hyundai Rotem Co. said Monday it has signed a comprehensive cooperation agreement with Peru’s Army Weapons and Ammunition Factory (FAME) aimed at exporting ground weapons to the country, including its K2 battle tanks and wheeled armored vehicles. The agreement was made on the sidelines of the Asia-Pacific Economic Cooperation [...]
SEOUL, Nov. 18 (Korea Bizwire) – An individual referred to only as Lee, who began his career as a delivery worker three years ago, says the pressure to meet tight deadlines has become nearly unbearable. “We need to complete at least four deliveries per hour to make ends meet,” said Lee, who acknowledged that running red [...]
SEOUL, Nov. 18 (Korea Bizwire) – A significant shift in attitudes toward traditional family structures is emerging among South Korea’s younger generation, with two in five people in their 20s now believing that marriage is not a prerequisite for having children, according to a new government survey. The 2024 Social Survey by Statistics Korea reveals that [...]
SEOUL, Nov. 18 (Korea Bizwire) — A new long-range radar system developed with homegrown technology has been approved for combat suitability, the state arms procurement agency said Monday, with the equipment expected to bolster surveillance of aircraft in the country’s air defense identification zone (KADIZ). The new radar system is capable of conducting around-the-clock surveillance [...]
SEOUL, Nov. 18 (Korea Bizwire) — North Korea again sent balloons carrying trash toward South Korea on Monday, the military here said, resuming its balloon campaign after about a three-week hiatus. North Korea floated some 40 balloons in the early hours, with approximately half of them falling in the Seoul metropolitan area and surrounding Gyeonggi [...]
SEOUL, Nov. 18 (Korea Bizwire) — The Seoul city government said Monday it will push to hire foreigners as “maeul” bus drivers to cope with a chronic manpower shortage in the transportation sector. Maeul buses, or village buses in English, operate on very short routes within local areas to connect residents to nearby major bus [...]