SEOUL, Dec. 22 (Korea Bizwire) – South Korean shipbuilder Hanwha Ocean clinched a 1.1 trillion-won (US$845 million) deal Friday to build a 3,600-ton submarine for the Navy, the state procurement agency said. Hanwha Ocean signed the deal with the Defense Acquisition Program Administration (DAPA) to construct the third and last submarine under the Changbogo-III Batch-II [...]
JEJU, Dec. 21 (Korea Bizwire) — Hundreds of flights to and from South Korea’s southern island of Jeju were canceled or delayed Thursday as a strong snowstorm hit the region, leaving thousands of passengers stranded, airport authorities said. As of 10 p.m., 155 flights had been canceled with 190 others delayed, according to the Korea [...]
SEOUL, Dec. 22 (Korea Bizwire) – The “You Are the Judge” sentencing experience program offered by the Supreme Court’s Sentencing Commission is set to release new content on Friday. This program engages participants in watching videos depicting real-life crimes, presenting arguments from defendants, defense attorneys, and prosecutors. Participants then play the role of a judge, selecting [...]
SEOUL, Dec. 22 (Korea Bizwire) – A recent study has revealed that eight out of 10 companies in South Korea that undertook recruitment drives this year have failed to meet their initial staffing targets, highlighting the growing challenges in the hiring landscape. According to a survey conducted by Saramin HR Research Institute on December 21, involving [...]
SEOUL, Dec. 22 (Korea Bizwire) – A recent study conducted by Statistics Korea in partnership with SK Telecom has revealed distinct commuting patterns among South Korean workers, with notable differences based on gender and age. The study, combining statistical registration data with SK Telecom’s telecommunication mobile location and movement information, offers new insights into the nation’s [...]
SEOUL, Dec. 22 (Korea Bizwire) – According to a recent report, the cost of employing a single worker for a company has surpassed 6 million won per month. The Ministry of Employment and Labor disclosed on Wednesday that the average monthly labor expense per worker at companies employing 10 or more such workers was 6.06 million [...]
SEOUL, Dec. 22 (Korea Bizwire) – The Seoul High Court has determined that drivers associated with the ride-hailing service TADA are to be considered employees under the Labor Standards Act. Consequently, terminating their contracts without just cause is deemed unfair dismissal, as per the ruling on December 21. In a lawsuit against the National Labor Relations [...]
SEOUL, Dec. 21 (Korea Bizwire) – The government is considering imposing antitrust regulations on large content platforms such as YouTube and Netflix amid a sharp increase in their subscription fees, an official said Thursday. According to the senior ruling camp official, the government and the presidential office immediately took steps to address monopolistic and oligopolistic [...]
SEOUL, Dec. 21 (Korea Bizwire) – In July, a man in his 60s tragically ended the life of his wife, whom he had dedicated over three years to caring for in Seoul. The man had given up his job to provide support to his wife, who suffered from a rare disease. He explained to the police, [...]
SEOUL, Dec. 21 (Korea Bizwire) — An arctic cold snap swept across the country Thursday, sending apparent temperatures in Seoul to minus 22 C on the coldest morning of the season, amid forecasts the cold will continue through Friday. Temperatures plunged to minus 24.7 C in Cheorwon County, bordering North Korea, minus 20.6 C in [...]