SEOUL, Oct. 4 (Korea Bizwire) – In a move to reduce plastic waste, South Korea is set to introduce its first domestically produced lightweight water bottles, bringing a familiar sight from overseas travel to local store shelves. The Ministry of Environment announced on October 3 that Lotte Chilsung Beverage will launch its ICIS N bottled water [...]
SEOUL, Oct. 3 (Korea Bizwire) – In a landmark decision, South Korea’s Supreme Court has ruled that designated drivers can be classified as workers under the country’s labor union law, potentially opening the door for collective bargaining rights based on their employment status. The ruling, handed down on September 27, marks the first time the nation’s [...]
SEOUL, Oct. 3 (Korea Bizwire) – South Korean consumers are spending close to 500,000 won per year on subscription services, according to a new report released on October 2. The “Subscription Wars 2024″ report, presented by the British subscription bundling and payment company Bango at the M360 APAC conference in Seoul, reveals that South Korean consumers [...]
WASHINGTON, Oct. 2 (Korea Bizwire) — South Korean and U.S. officials on Wednesday expressed strong confidence over the present and future of the two countries’ evolving alliance, calling it “ironclad” and “unwavering,” as they celebrated the Korean National Day and Armed Forces Day in Washington on Wednesday. Their paean for the decadesold alliance came as [...]
SEOUL, Oct. 2 (Korea Bizwire) — An international defense exhibition kicked off Wednesday at South Korea’s military headquarters of Gyeryongdae, bringing together hundreds of defense companies and military officials, its organizers said. The five-day Korea Army International Defense Industry Exhibition got under way at the headquarters in Gyeryong, some 145 kilometers south of Seoul, joined [...]
SEOUL, Oct. 2 (Korea Bizwire) – In South Korea, prescriptions for methylphenidate, a medication used to treat Attention Deficit Hyperactivity Disorder (ADHD), have skyrocketed in the first half of this year, nearly matching the total number of patients prescribed the drug in all of 2023. This surge comes amid growing misconceptions about the drug as a [...]
SEOUL, Oct. 2 (Korea Bizwire) — The chairman of South Korean fashion company FILA Holdings Corp., Yoon Yoon-soo, has received the Van Fleet Award for his dedication to strengthening relations between his country and the United States, the company said Wednesday. Yoon, also chairman of FILA’s affiliate Acushnet Holdings Corp., was honored at the annual [...]
SEOUL, Oct. 2 (Korea Bizwire) — The government on Wednesday unveiled additional financial support for low-income earners that include complete debt forgiveness for those who are willing but unable to repay their loans. The move comes amid sharp increases in household debts and the number of people going bankrupt. The number of people filing for [...]
SEOUL, Oct. 2 (Korea Bizwire) — North Korea has held the first national conference of cadres, state media reported Wednesday, in an apparent bid to tighten the country’s grip on the discipline of officials amid severe flood damage in border areas. North Korean leader Kim Jong-un sent an “important” letter to participants in the national [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korean golf icon Pak Se-ri has received the Van Fleet Award for her contributions to strengthening relations between her country and the United States. Pak, a World Golf Hall of Famer and currently head of the Seri Pak Hope Foundation, was honored at the annual ceremony hosted by [...]