SEOUL, Sept. 11 (Korea Bizwire) — An unprecedented autumn heat wave is set to reach its peak on Wednesday, the state weather agency said, as the daytime high is forecast to rise to a record 35 C in Seoul amid a heat wave advisory issued for almost all regions of the country. The Korea Meteorological [...]
SEOUL, Sept. 11 (Korea Bizwire) — South Korea added more than 100,000 jobs for the second consecutive month in August, but jobs in the construction sector fell by the most ever amid an industry slowdown and extreme heat wave, data showed Wednesday. The number of employed people came to 28.80 million last month, up 123,000 [...]
SEOUL, Sept. 10 (Korea Bizwire) – Parents who have at least 30 million won (US$22,336) in unpaid child support or default on such payments three times or more will be subject to penalties, such as overseas travel bans and driver’s license suspension, the gender ministry said Tuesday. Such punitive measures were made possible as the [...]
SEOUL, Sept. 10 (Korea Bizwire) – Two former Samsung Electronics officials arrested for stealing the chip giant’s trade secrets and human resources to build a copycat chip plant in China have been transferred to the prosecution for possible indictment, police said Tuesday. The two are identified as the chief of Chengdu Gaozhen (CHJS), surnamed Choi, [...]
SEOUL, Sept. 10 (Korea Bizwire) – The disparities in South Korea’s apartment market are becoming increasingly pronounced, with a widening gap between the capital region and other parts of the country, according to a recent report on real estate auctions. Data released on September 9 by GG Auction, a specialist in foreclosure and public auction information, [...]
SEOUL, Sept. 10 (Korea Bizwire) – In a tech-savvy approach to curbing public smoking, Seoul’s Seocho District is launching an innovative QR code-based service on September 9 to help residents and visitors locate designated smoking and non-smoking areas. The service, which expands on a pilot program initiated last year, allows users to scan QR codes on [...]
SEOUL, Sept. 10 (Korea Bizwire) — Overnight temperatures in Seoul stayed above 25 C, marking the season’s latest tropical night since meteorological observation began, the state weather agency said Tuesday. The lowest nighttime temperature overnight in the capital city was 25.6 C at 6 a.m., another tropical night that refers to a phenomenon where temperatures [...]
SEOUL, Sept. 10 (Korea Bizwire) – President Yoon Suk Yeol said Tuesday the government will temporarily raise health insurance payments to hospitals for the upcoming Chuseok holiday to better reward their services and to prevent disruptions in emergency medical care. During a Cabinet meeting, Yoon addressed concerns over possible disruptions to the medical system during [...]
SEOUL, Sept. 10 (Korea Bizwire) – South Korea’s Ministry of Employment and Labor is preparing to conduct a labor inspection of Coupang, the country’s leading e-commerce company, following a series of worker deaths in recent months. Kim Min-seok, the Vice Minister of Employment and Labor, addressed the issue during a plenary session of the National Assembly’s [...]
SEOUL, Sept. 9 (Korea Bizwire) – The financial regulator on Monday announced plans to revise related laws to require payment gateway (PG) service providers to maintain sufficient funds to settle all payments. The move follows massive payment delays by two e-commerce platforms — TMON and WeMakePrice — due to a liquidity crisis caused by their [...]