SEJONG, Sept. 12 (Korea Bizwire) – The family of the late Kim Jung-ju, founder of the gaming giant Nexon, has completed the payment of their inheritance tax, estimated at over 5 trillion won, drawing attention to its potential impact on South Korea’s tax revenue. However, the actual cash contribution to the national coffers is expected to [...]
SEOUL, Sept. 11 (Korea Bizwire) – The financial regulator said Wednesday it will work to strengthen punishment for illegal money lending businesses and nullify their very contracts that are deemed antisocial. The move follows a recent spike in the number of complaints against loan sharks, which jumped from 10,350 in 2022 to 12,884 last year, [...]
SEOUL, Sept. 11 (Korea Bizwire) – Two major umbrella unions and a civic group on Wednesday called for the preservation of a girl statue erected in Berlin years ago to symbolize the victims of Japan’s wartime sexual slavery, saying it is the emblem of historical justice. The Korean Confederation of Trade Unions (KCTU), the Federation [...]
GIMCHEON, Sept.11(Korea Bizwire) – Korea Expressway Corporation (KXCO) announced on Wednesday that it had conducted a nationwide crackdown on vehicles with unpaid tolls, taxes, and fines, in collaboration with local governments and police agencies. The operation utilized artificial intelligence (AI) technology at eight major toll gates across the country. The crackdown involved 70 personnel tasked with [...]
SEOUL, Sept.11 (Korea Bizwire) – Coupang, South Korea’s leading e-commerce platform, found itself embroiled in controversy after listings offering to ship live puppies via courier service appeared on its site, sparking outrage among animal rights advocates and raising questions about the company’s content monitoring practices. According to industry sources, two listings appeared on Coupang’s platform on [...]
SEOUL, Sept. 11 (Korea Bizwire) – As inflation continues to squeeze household budgets, South Koreans are turning to secondhand marketplace applications in record numbers, according to a recent study. App and retail analysis service Wise App reported on September 10 that last month saw an all-time high in both installations and active users of major secondhand [...]
SEOUL, Sept.11(Korea Bizwire) – The number of reported syphilis cases in South Korea has skyrocketed since the reclassification of the sexually transmitted infection under the country’s infectious disease monitoring system, according to data released by the Korea Disease Control and Prevention Agency (KDCA). Representative Seo Mi-hwa of the Democratic Party, a member of the National Assembly’s [...]
SEOUL, Sept. 11 (Korea Bizwire) – A recent government study has unveiled significant economic disparities between men and women in South Korea, particularly when it comes to marriage and parenthood. The analysis, conducted by Statistics Korea, focused on the socioeconomic characteristics of adults aged 25 to 39, shedding light on how marital status and children affect [...]
JEJU, Sept. 11 (Korea Bizwire) – Two Bangladeshi international students were charged by Jeju Seobu Police after one was caught driving a vehicle with a counterfeit license plate allegedly purchased from a Chinese online marketplace. On Wednesday, police confirmed that a man in his 20s, identified as A, had been booked on charges of driving [...]
SEOUL, Sept. 11 (Korea Bizwire) – The Seoul Metropolitan Government announced on September 10 that it will extend its Neighborhood Pet Care Center service to single-person households, broadening support for pet owners who need to leave their animals for extended periods. This initiative, coming just before the Chuseok holiday, widens the eligibility criteria from the previous [...]