JEJU, Nov. 17 (Korea Bizwire) – A national association is set to be established next year to unite haenyeo – female divers who harvest seafood – from across the country, including those who have relocated from Jeju to engage in muljjil (diving into the ocean to harvest seafood) in other areas. Jeju Island is gearing up [...]
DAEJEON, Nov. 17 (Korea Bizwire) – A recent study has revealed that microplastics are causing disturbances in soil ecosystems and impacting nitrogen cycling. The Korea Institute of Toxicology (KIT) disclosed on Thursday that for the first time, it has substantiated the correlation between the size and concentration of microplastics and the efficiency of nitrogen fixation in [...]
SEOUL, Nov. 17 (Korea Bizwire) – In a landmark development, a dual-class voting rights system long advocated by the venture capital industry has been implemented in South Korea for the first time. Under this new framework, shares now carry a maximum of 10 voting rights each. In the past, there have been cases where company founders [...]
SEOUL, Nov. 16 (Korea Bizwire) –The Anti-Corruption & Civil Rights Commission is considering revising the anti-corruption law to ease restrictions on the price of meals provided to public officials and some other professions, officials said Thursday. The Improper Solicitation and Graft Act, commonly known as the Kim Young-ran law, named after a former Supreme Court [...]
SEOUL, Nov. 16 (Korea Bizwire) –Police said Thursday they had booked a total of 85 people for selling unapproved Achilles tendons to hospitals and taking some 10 billion won (US$7.7 million) in medical care expenses from state health insurance. The Seoul Metropolitan Police Agency said they referred 26 people running the import and supplier companies [...]
SEOUL, Nov. 16 (Korea Bizwire) — About half a million students sat the college entrance exam across the country Thursday, South Korea’s most important annual academic event during which airplane takeoffs and landings will be temporarily banned for noise control. A total of 504,588 high school seniors, graduates and others signed up to take this [...]
SOKCHO, Nov. 16 (Korea Bizwire) – Minke whales are often referred to as the ‘Lotto of the Sea’ among fishermen in South Korea. In recent days, a series of cases have been reported where minke whales, incidentally caught in waters off the east coast city of Gangwon, were sold for tens of millions of won. Under [...]
SEOUL, Nov. 16 (Korea Bizwire) – Controversy has escalated following a recent court ruling that deemed the act of crafting wallets by repurposing luxury bags, a practice commonly known as ‘reform’ in Korean, as a violation of trademark rights. In response to the court’s decision demanding compensation of 15 million won from the owner of a [...]
SEOUL, Nov. 16 (Korea Bizwire) – According to a recent study, South Koreans devoted over 100 billion minutes to YouTube in the past month. This data, collected through a survey of a smartphone user sample by Wiseapp, a service specializing in app and retail analytics, reveals a significant uptick in YouTube usage. Comparing figures from October, [...]
SEOUL, Nov. 16 (Korea Bizwire) – A recent survey has revealed that caregivers employed in hospitals endure long working hours, with an average of six days per week and 17 hours per day. As caregivers provide around-the-clock patient care, they do not receive an adequate amount of rest hours. Additionally, they have reported instances of contracting [...]