SEOUL, Feb. 1 (Korea Bizwire) – A unified labor union encompassing four Samsung affiliates is poised for its official launch, signaling a significant development in the conglomerate’s labor relations. The integrated union held its first general assembly on January 31, marking an internal launch with the revision of regulations. The participating unions include employees from Samsung [...]
SEOUL, Jan. 31 (Korea Bizwire) –Samsung Biologics has disclosed that the total compensation package for its employees, including wages and benefits, can reach up to 100 million KRW annually for first-year employees. On January 31, it was revealed that Samsung Biologics had shared a “Total Compensation Statement” with its employees for the first time, detailing [...]
SEOUL, Jan. 31 (Korea Bizwire) — A U.S. F-16 fighter jet crashed in waters off South Korea’s west coast on Wednesday and the pilot was rescued after ejecting from the aircraft, the U.S. Air Force said. The jet assigned to the 8th Fighter Wing in Kunsan Air Base, about 180 kilometers south of Seoul, experienced [...]
SEOUL, Jan. 31 (Korea Bizwire) – The National Assembly launched a committee Wednesday to gather public opinions on national pension reform in an effort to draw a bipartisan agreement on enhancing the financial stability of the system amid population aging. Revamping the national pension system is one of President Yoon Suk Yeol’s key agenda items [...]
SEOUL, Jan. 31 (Korea Bizwire) – South Korea’s financial regulator said Wednesday it will make it easier for regional lenders to become nationwide commercial banks, in a move aimed at promoting competition in the banking sector. “The government announced on July 5, 2023, that it will seek to promote the transition of local banks to [...]
SEOUL, Jan. 31 (Korea Bizwire) – A Seoul court on Friday ordered the state to compensate victims of human rights abuses at a now-defunct detention facility for vagrants in the southeastern city of Busan, in the second such ruling recognizing state responsibility in the incident. The Seoul Central District Court ordered the state to pay [...]
SEOUL, Jan. 31 (Korea Bizwire) – South Korea called for the United States on Wednesday to come up with “reasonable” regulations on limiting the sourcing of critical minerals and components from countries like China to qualify for U.S. incentives for electric vehicles (EVs), the foreign ministry said. Second Vice Foreign Minister Kang In-sun delivered the [...]
TAKASAKI, Jan. 31 (Korea Bizwire) – In the heart of Japan’s Honshu island, Gunma Prefecture has initiated the controversial removal of a memorial in the city of Takasaki’s Gunma Prefectural Forest Park, dedicated to Korean laborers from the Japanese colonial period. This action has sparked a backlash, with some Japanese media outlets calling for an immediate [...]
YONGIN, Jan. 31 (Korea Bizwire) – A keen observation by a firefighter specializing in fire investigation has led to the discovery of a vehicle defect causing repeated fires in a specific part of Renault SM3 cars. Yang Won-seok, a fire marshal at the Yongin Fire Station under the Gyeonggi Province Fire and Disaster Headquarters, first noticed [...]
JEONJU, Jan. 31 (Korea Bizwire) – With the new school year approaching, the Ministry of Education’s plan to introduce a dedicated investigator system for school violence across the nation starting in March is drawing criticism. Critics argue that the investigators, who will be deployed at schools, may lack the emotional connection with students and the expertise [...]