SEOUL, Jun. 20 (Korea Bizwire) – As high interest rates and soaring inflation persist, domestic consumption in South Korea has been on a downward trajectory for five consecutive months, according to BC Card. The credit card company reported on June 19 that sales across seven major sectors have declined month-over-month compared to the same period last [...]
SEOUL, Jun. 20 (Korea Bizwire) — Prime Minister Han Duck-soo said Thursday the government will improve its management of foreign workers to help address labor shortages caused by a declining and aging population. Han made the remark during a government meeting held in the central administrative city of Sejong, saying the government drew up a [...]
SEOUL, Jun. 20 (Korea Bizwire) — More than 1 in 10 South Koreans have used generative artificial intelligence (AI), but many remain concerned about potential personal data leaks, according to a government poll released Thursday. The survey, conducted by the Korea Communications Commission (KCC) in November last year, found that 12.3 percent of the 4,581 [...]
SEOUL, June 19 (Korea Bizwire) – Russian President Vladimir Putin and North Korean leader Kim Jong-un signed a comprehensive strategic partnership treaty calling for mutual assistance if either is attacked Wednesday as they held summit talks in Pyongyang. Putin also said Russia does not rule out military and technical cooperation with North Korea in line [...]
SEOUL, Jun. 19 (Korea Bizwire) – Federal prosecutors in South Korea have charged former Samsung Electronics employees with stealing corporate secrets and funneling sensitive information to a shell company run by an ex-executive, in a case that exposes potential vulnerabilities at one of the world’s largest technology firms. The allegations center on Ahn Seung-ho, Samsung’s former [...]
BUSAN, Jun. 19 (Korea Bizwire) – Busan’s corporate taxi industry, grappling with a severe labor shortage after the Covid-19 pandemic, is turning to an unlikely platform to lure new drivers: YouTube. The Busan branch of the National Transport Service Workers’ Union released a trailer on June 18 for an upcoming video series titled “The Real Story [...]
SEOUL, Jun. 19 (Korea Bizwire) – Seoul, long hailed as a global metropolis, is rapidly shrinking, battered by low birth rates and an aging populace. Over the past two decades, the city has lost over 600,000 residents, with one in five people leaving the districts of Nowon, Dobong, and Gangbuk. As projections indicate that Seoul’s population [...]
SEOUL, Jun. 19 (Korea Bizwire) — A girl statue symbolizing the victims of Japan’s wartime sexual slavery, euphemistically called “comfort women,” will be erected in Italy for the first time, a local activist group said Wednesday. The statue, dubbed a Statue of Peace or comfort women statue, will be unveiled to the public in Stintino, [...]
SEOUL, Jun. 19 (Korea Bizwire) — Major groups of doctors and medical professors will gather Wednesday to discuss what to do next against the government’s medical reform plan after threatening to launch an indefinite strike next week, officials said. On Tuesday, some community doctors and medical professors affiliated with the Korea Medical Association (KMA) held [...]
SEOUL, Jun. 19 (Korea Bizwire) – The antitrust regulator launched an on-site inspection into a major lobby group for doctors Wednesday for allegedly forcing its members to join a walkout against the government’s medical reform plan, officials said. The Fair Trade Commission (FTC) sent inspectors to the office of the Korean Medical Association (KMA) in [...]