SEOUL, May 3 (Korea Bizwire) — The average age of teenagers caught for gambling has dropped consistently over the past five years, raising concern the crime could spill over to other illegal acts to fund their betting habits, including school violence, officials said Friday. A total of 171 teens aged 14-19 were criminally booked on [...]
SEOUL, May 3 (Korea Bizwire) — Companies will be fined for reducing packet contents while maintaining retail prices without notice in South Korea as the government seeks to eradicate “shrinkflation” practices to better ensure consumer rights, the antitrust regulator said Friday. Under the envisioned revision of relevant regulations, manufacturers of daily necessities, including milk, coffee, [...]
JEONGEUP, May 3 (Korea Bizwire) – The city of Jeongeup in North Jeolla Province announced on May 2 that it will host the “3rd World Revolutionary Cities Alliance Conference” from May 9 to 11 at the Donghak Peasant Revolution Memorial Park and its surrounding areas. Since 2022, Jeongeup has been inviting major revolutionary cities from around [...]
SEOUL, May 2 (Korea Bizwire) – With the Covid-19 pandemic waning in South Korea, a government survey has found that most aspects of teenagers’ daily lives, including relationships with friends and family as well as school experiences, are undergoing positive changes. Adolescents have reported spending significantly more time confiding in their parents about their concerns, sharing [...]
SEOUL, May 2 (Korea Bizwire) — South Korean defense firm Hyundai Rotem has been selected as a preferred bidder to export 30 K-808 White Tiger wheeled armored vehicles to Peru, the company said Thursday. STX Engine will serve as the main contractor for the deal, while Hyundai Rotem will supply the vehicles to the Peruvian [...]
SEOUL, May 2 (Korea Bizwire) — Rival political parties are set to hold a parliamentary plenary session Thursday to pass a special bill mandating a new investigation into the 2022 Itaewon crowd crush that claimed 159 lives. The bill, which was initially railroaded by the main opposition Democratic Party (DP) in January but vetoed by [...]
WASHINGTON, Apr. 30 (Korea Bizwire) — Yoon Yoon-soo, the chairman of FILA Holdings Corp. and Acushnet Holdings Corp., has been chosen as this year’s Van Fleet Award honoree for his contributions to the relationship between South Korea and the United States, a nonprofit organization said Tuesday. The Korea Society, a U.S-based organization dedicated to promoting [...]
TOKYO, May 1 (Korea Bizwire) – A memorial honoring Korean workers during Japan’s colonial occupation, which was dismantled by authorities in Gunma Prefecture in January, has been digitally resurrected through an augmented reality (AR) application, according to a report by the Asahi Shimbun on April 30. The “AR Korean Workers’ Memorial” app allows users to virtually [...]
UIJONGBU, May 1 (Korea Bizwire) – Gyeonggi Province, South Korea’s most populous province that surrounds the capital Seoul, has unveiled a new initiative aimed at promoting a work-life balance and addressing the country’s chronically low birth rate. The provincial government announced on April 30 that it will provide low-interest loans of up to 200 million won [...]
SEOUL, April 30 (Korea Bizwire) – The Supreme Court will seek to set new sentencing guidelines on crimes related to voice phishing and insurance fraud in a move to toughen punishment for fraud crimes for the first time in 13 years. The Sentencing Commission, affiliated with the top court, made the decision to newly include [...]