SEOUL, Jul. 8 (Korea Bizwire) – In a global comparison of household debt burdens, South Korea emerged as having the fourth-highest ratio of debt payments to income among major economies last year, according to data released by the Bank for International Settlements (BIS). The report, published on July 7, reveals that South Korea’s debt service ratio [...]
SEOUL, Jul. 8 (Korea Bizwire) – A groundbreaking international study has shed light on the alarming prevalence of image-based sexual abuse, with South Korean women emerging as particularly vulnerable victims. The research, published in the academic journal “Human Behavior and Computing,” was conducted by professor Nicola Henry from RMIT University in Australia and Rebecca Umbach, a [...]
SEOUL, July 7 (Korea Bizwire) – Claims of racial discrimination have surfaced following a luxury brand fashion show in Milan, Italy, where San, a member of the K-pop group ATEEZ, was reportedly treated unfairly. San, whose real name is Choi San, attended the Dolce & Gabbana Alta Moda show in Nora, Sardinia, on July 2. He [...]
SEOUL, July 7 (Korea Bizwire) – Unionized workers of Samsung Electronics Co. are set to stage a three-day general strike this week as their negotiations with the management over wages and working conditions fell through. The National Samsung Electronics Union (NSEU), the biggest labor union with 28,000 members, announced plans for the Monday-Wednesday strike last [...]
SEOUL, Jul. 5 (Korea Bizwire) — Cho Hyun-moon, former vice president of Hyosung Corp. and estranged son of the company’s founding family, on Friday pledged to end his yearslong conflict with his brothers and donate an inheritance from his late father to society. At a press conference held in Seoul, Cho said he will donate [...]
SEOUL, Jul. 5 (Korea Bizwire) — North Korea on Friday stressed the need for swift and accurate weather forecasts, as heavy rain likely to fall during the summer monsoon season could seriously affect the country’s agriculture. The Rodong Sinmun, the North’s main newspaper, reported that having accurate weather forecasts is a matter of survival for [...]
SEOUL, Jul. 5 (Korea Bizwire) — The government has been weighing measures on how to deal with trainee doctors who refuse to return to hospitals in protest of medical reform, according to officials Friday. With most trainee doctors still remaining unresponsive to the government’s appeasement measures to help them return to hospitals, officials said the [...]
HWASEONG, South Korea, Jul. 5 (Korea Bizwire) — A fire broke out at an ink manufacturing factory south of Seoul on Friday, but no casualties were reported, officials said. The blaze occurred at 7:15 a.m. at the factory in Hwaseong, 45 kilometers south of Seoul, before firefighters brought the flames under control about an hour [...]
SEOUL, Jul. 5 (Korea Bizwire) – A regional court sentenced the knife attacker of opposition leader Lee Jae-myung to 15 years in prison Friday for the January stabbing in Busan that left Lee hospitalized for over a week with a neck wound. Posing as a supporter asking for a signature, the 67-year-old attacker, surnamed Kim, approached [...]
ULSAN, July 4 (Korea Bizwire) – The labor union of Hyundai Motor Co., South Korea’s leading automaker, on Thursday decided to launch a two-day partial strike next week amid stalled negotiations with the company over wages and working conditions. The union said it has decided to stage four-hour walkouts on Wednesday and Thursday next week. [...]