SEOUL, May 15 (Korea Bizwire) – The antitrust regulator said Wednesday it has decided to add six more business groups to the list of conglomerates subject to tighter supervision, including K-pop powerhouse Hybe. The number of conglomerates on the watchlist came to 88, which have 3,318 affiliates under their wings combined, compared with last year’s [...]
SEOUL, May 15 (Korea Bizwire) –The government plans to amend tobacco-related laws to designate synthetic nicotine as a type of tobacco in order to regulate the product category seeing growing popularity among young smokers, according to officials Wednesday. The Ministry of Health and Welfare and the Ministry of Economy and Finance plan to push for [...]
SEOUL, May 15 (Korea Bizwire) – Low salaries and abusive complaints from parents are the top reasons young teachers in South Korea are leaving the profession, according to a new survey that highlights disillusionment in a field once seen as a stable career path. The poll of over 1,000 teachers in Seoul by the Korean Teachers [...]
SEOUL, May 15 (Korea Bizwire) – A 12-year-old elementary school student will make her voice heard this week in one of South Korea’s most consequential legal battles over the government’s response to climate change. Han Je-ah, a sixth grader from Seoul, will address the Constitutional Court in person on May 21 during the final hearing for [...]
SEOUL, May 14 (Korea Bizwire) – As issues of violated authority plague the teaching profession in South Korea, only about one in five educators say they would choose the same career path if given another chance at life, according to a recent survey. The Korean Federation of Teachers’ Associations polled 11,320 teachers across kindergartens, elementary schools, [...]
SEOUL, May 14 (Korea Bizwire) – While official statistics appear to show South Korea’s minimum wage closing in on the average for developed economies, experts argue this effect is an illusion stemming from how the country calculates average wages compared to international standards. According to a report on minimum wage trends and global comparisons released on [...]
SEOUL, May 14 (Korea Bizwire) – As the South Korean government accelerates research into the potential hazards of synthetic nicotine to determine regulatory measures, attention is turning to whether these products could be subject to tobacco taxes. If synthetic nicotine is included under the Tobacco Business Act’s regulatory purview, liquid-based synthetic nicotine products, which have so [...]
SEOUL, May 14 (Korea Bizwire) — President Yoon Suk Yeol on Tuesday proposed a law that will protect the rights of nonunion workers and enhance their welfare. Yoon made the proposal during a town hall meeting, the 25th of its kind, which was held to discuss issues concerning nonunion and other vulnerable workers. “We must [...]
SEOUL, May 14 (Korea Bizwire) — The customs agency said Tuesday it has seized nearly 1,500 kilograms of drugs before they entered South Korea over the past two years. A total of 1,417 kg of drugs were seized at the border between May 2022, when President Yoon Suk Yeol took office, and last month, according [...]
SEOUL, May 14 (Korea Bizwire) – A South Korean highway employee who pioneered the use of color-coded lane markers at highway exits over a decade ago has been awarded one of the country’s highest civilian honors. On May 11, the Ministry of the Interior and Safety held a Government Innovation Awards ceremony, bestowing honors on six [...]