SEOUL, Dec. 21 (Korea Bizwire) — The Supreme Court on Thursday upheld two appellate court rulings that ordered Japanese companies to compensate South Koreans forced into wartime labor during Japan’s 1910-1945 colonial rule. The top court handed down the decisions on two damages suits filed against Mitsubishi Heavy Industries Ltd. and Nippon Steel Corp. between [...]
SEOUL, Dec. 21 (Korea Bizwire) — Police have sought an arrest warrant for a teenager for drawing 44-meter-long graffiti on the walls of a historic palace in central Seoul last weekend, officials said Thursday. The 17-year-old, only identified by his surname Im, is accused of spray painting the phrase “free movie” in Korean on both [...]
SEOUL, Dec. 21 (Korea Bizwire) – South Korean companies dedicated nearly 3.5 trillion won to social contributions last year, with a significant focus on supporting vulnerable populations. The Federation of Korean Industries (FKI) recently unveiled its “Social Value Report of Major Companies,” surveying 299 of the top 500 revenue-generating companies in 2022. The total expenditure on [...]
SEJONG, Dec. 21 (Korea Bizwire) – A recent study has revealed a significant degree of residential segregation in Seoul, characterized by distinct divisions between high-priced and low-priced housing areas. The Korea Research Institute for Human Settlements released these findings in its report titled ‘Residential Segregation by Housing Prices and Policy Implications,’ which utilized publicly announced housing [...]
SEOUL, Dec. 20 (Korea Bizwire) – In a case highlighting the high-stakes nature of college entrance exams in South Korea, 39 students from Kyungdong High School in Seoul’s Seongbuk District have filed a lawsuit against the national education authorities. The legal action, announced by the law firm Myung Jin, seeks 20 million won per student for [...]
SEOUL, Dec. 20 (Korea Bizwire) — The nation is bracing for an arctic cold wave later this week, with morning lows plummeting to between minus 19 C and minus 5 C across the country, the state weather agency said Wednesday. The season’s strongest cold wave is forecast to peak on Thursday and Friday, when the [...]
SEOUL, Dec. 20 (Korea Bizwire) – South Korea remains at the forefront of an undesirable statistic among the member countries of the Organisation for Economic Co-operation and Development (OECD) – the highest senior poverty rate. This has been a persistent trend since the OECD began releasing data on each country’s elderly poverty rates in 2009. According [...]
SEOUL, Dec. 20 (Korea Bizwire) – A recent study conducted by the Human Resources Development Service of Korea revealed that ‘Forklift Operator’ emerged as the most frequently specified national technical qualification in job postings last year. The analysis, based on postings on the Worknet job information portal in 2022, identified a noteworthy increase of 17.6% from [...]
SEOUL, Dec. 19 (Korea Bizwire) – The number of foreigners employed in Korea has reached an unprecedented level, with the majority earning between 2 million and 3 million won per month. Thanks to the minimum wage law, salaries have consistently risen each year, and one in three foreign workers now earns more than 3 million won. [...]
SEOUL, Dec. 19 (Korea Bizwire) – Sodium nitrite, primarily employed as a preservative and colorant in processed meats like ham, has been identified as a substance posing a risk for suicide. This classification stems from instances of sodium nitrite misuse as a tool for self-harm in recent years. On December 18, the Ministry of Health and [...]