SEOUL, Jul. 1 (Korea Bizwire) — South Korea will launch a new ministry of population strategy to address low birth rates and a rapidly aging population, which have emerged as some of the starkest challenges facing the country, officials said Monday. The government unveiled the plan following high-level meetings with the ruling party, saying that [...]
SEOUL, Jul. 1 (Korea Bizwire) — Medical professors at three Korea University-affiliated hospitals vowed Monday to start an indefinite voluntary walkout later this month, amid a prolonged standoff between doctors and the government over its medical reform plan. The emergency committee of the professors serving as senior doctors at the university announced the walkout starting [...]
SEOUL, Jul. 1 (Korea Bizwire) — Renault Korea Motors Co., the South Korean unit of French auto group Renault S.A., has apologized following an online backlash over purported misandry imagery contained in the company’s YouTube videos. On Saturday, Renault Korea blocked public access to videos that have been available on Renault Inside, one of its [...]
SEOUL, Jul. 1 (Korea Bizwire) – A South Korean court has ruled that an airline’s decision to lay off pilots during the COVID-19 pandemic was justified, given the severe economic challenges faced by the aviation industry. The Seoul Administrative Court recently dismissed a lawsuit filed by 29 pilots who were laid off from Airline A in [...]
SEOUL, Jul. 1 (Korea Bizwire) — South Korea’s industry ministry said Monday it has hosted a business forum with Vietnam to seek new opportunities for partnerships in chips, artificial intelligence and other areas. Around 500 government and business officials from both countries attended the event, which took place during Vietnamese Prime Minister Pham Minh Chinh’s [...]
SEOUL, June 30 (Korea Bizwire) – LG Electronics Inc., South Korea’s leading consumer electronics maker, said Sunday it has adopted human rights principles to avoid human rights violations within the company and its contracted companies. LG Electronics has integrated existing human rights-related rules and strengthened them in line with the United Nations Guiding Principles on [...]
SEOUL, June 29 (Korea Bizwire) – Busan, South Korea’s second-largest city, appears to have entered a phase of extinction due to low birthrates and superaging population, becoming the nation’s first metropolitan city to do so, said a research paper published on Friday. The paper from the Korea Employment Information Service estimated Busan’s ratio of the [...]
SEOUL, Jun. 29 (Korea Bizwire) – Allegations of death by overwork have surfaced following the passing of a 40-year-old delivery driver who had been working for Coupang’s late-night Rocket Delivery service. On June 27, the Committee for Countermeasures Against Overwork Deaths of Delivery Workers and the family of the deceased, Jung Seul-gi, held a press conference [...]
SEOUL, June 29 (Korea Bizwire) – South Korea’s industry ministry said Friday it will add 243 more items that can potentially be used for military purposes to the list of products regulated for export to Russia and Belarus. The decision raised the number of such items to 1,402, as South Korea has been tightening its [...]
ULSAN, June 28 (Korea Bizwire) – Hyundai Motor Co. and its labor union on Friday reached an agreement to hire 1,100 new manufacturing workers by 2026. The agreement was reached in the 10th round of negotiations related to wages and working conditions held at the company’s plant in Ulsan, 299 kilometers southeast of Seoul. The [...]