SEOUL, Nov. 28 (Korea Bizwire) – A South Korean court is set to implement a novel system wherein external experts will play a mediating role in the autonomous restructuring of companies. As per information from legal circles, the Seoul Bankruptcy Court is gearing up to unveil an enhanced ‘Autonomous Restructuring Support’ (ARS) program next month following [...]
SEOUL, Nov. 28 (Korea Bizwire) – In the past year, high school seniors who received private education on career and college consulting spent an average of over 1 million won on an annual basis, while those who sought tutoring for essay writing spent around 4 million won, according to recent data. According to the “2022 Private [...]
SEOUL, Nov. 27 (Korea Bizwire) – South Korea will bring in an all-time high of 165,000 non-professional migrant workers next year under the Employment Permit System to cope with growing labor shortages hitting many industries, the Ministry of Employment and Labor said Monday. The government will also expand the industries in which the foreign workers [...]
SEOUL, Nov. 27 (Korea Bizwire) – Two Taiwanese display makers have been ordered to pay a combined 32.8 billion won (US$25.1 million) in damages to LG Electronics Inc. for fixing the prices of LCD panels, sources said Monday. The Seoul Central District Court recently delivered the ruling in a compensation suit filed by LG and [...]
SEOUL, Nov. 27 (Korea Bizwire) – South Korea plans to expand its research and development projects with foreign firms, as part of its efforts to help local firms gain competitiveness in new technologies, officials said Monday. Under the plan, the government aims to spend at least 5.4 trillion won (US$4.1 billion) in research and development [...]
SEOUL, Nov. 27 (Korea Bizwire) — China’s top envoy to South Korea said Monday that Beijing will seek to advance ties with both South Korea and the United States, calling it an “obligation” to tackle global challenges. The remarks by Xing Haiming came a day after the top diplomats of South Korea, China and Japan [...]
SEOUL, Nov. 27 (Korea Bizwire) — Vehicles in the highest emission category will be banned from running across Seoul on weekdays during the fine dust-congested winter season to help reduce the city’s fine dust levels, city officials said Monday. The decision is part of Seoul’s annual winter-season fine dust reduction campaign, marking the fifth in [...]
SEOUL, Nov. 27 (Korea Bizwire) — A Seoul court has sentenced a man to 14 months in prison for entering a poem praising the North Korean regime in a competition organized by a North Korean propaganda website. The Seoul Central District Court handed down the jail term to the 68-year-old on charges of violating the [...]
SEOUL, Nov. 27 (Korea Bizwire) – Bank A covers meal and transportation expenses for employees working eight hours a day but doesn’t provide this for those working seven hours and thirty minutes a day. Bank B mandates that only non-regular workers arrive at work earlier. Securities firm C refused to pay a 190 million won allowance [...]
SEOUL, Nov. 27 (Korea Bizwire) – The number of individuals awaiting domestic organ transplants, including solid organs, hematopoietic stem cells, and eyes, has consistently risen and surpassed the 50,000 milestone. However, organ donations from individuals with non-recoverable brain function have remained at around 400 per year over the past five years. Despite the noble impact of [...]