SEOUL, Nov. 10 (Korea Bizwire) – By capitalizing on the anxiety of students and parents ahead of the national college entrance exam, there has been a surge in cases where ADHD medications, originally intended for medical treatment, are being deceptively sold as ‘study-enhancing drugs.’ On Thursday, the Ministry of Food and Drug Safety announced that it [...]
SEOUL, Nov. 10 (Korea Bizwire) – Working-class individuals in South Korea are finding themselves compelled to resort to revolving loans carrying an annual interest rate of 20 percent. This shift is a consequence of savings banks and card companies, typically the go-to sources for emergency funds among ordinary people, raising the bar for access to long-term [...]
SEOUL, Nov. 10 (Korea Bizwire) – The slump in domestic consumption, fueled by high prices and interest rates, is worsening. According to third-quarter corporate results, major department stores in Korea—Lotte, Shinsegae, and Hyundai—have experienced a decline in sales compared to last year. Additionally, the growth of the convenience store industry, resilient during the COVID-19 pandemic, is [...]
SEOUL, Nov. 9 (Korea Bizwire) – The National Human Right Commission on Thursday recommended mega coffee chain Starbucks provide sign language services or install kiosks at its drive-through stores to ensure equal access for the hearing-impaired and customers with language challenges. The recommendation was in response to a petition filed by hearing-impaired customers and others [...]
SEOUL, Nov. 9 (Korea Bizwire) — The main opposition Democratic Party (DP) is expected to attempt to pass a pro-labor bill and three other contentious measures through the National Assembly starting Thursday, as the ruling People Power Party (PPP) has vowed to use a filibuster to block the attempt. The PPP has readied a roster [...]
SEOUL, Nov. 9 (Korea Bizwire) — The industry ministry on Thursday asked local oil refiners to support the government’s efforts to stabilize oil prices. “As oil products are daily necessities for the people, the government is making proactive efforts to stabilize their prices,” Deputy Minister for Energy Policy Lee Ho-hyeon said during a meeting with [...]
SEOUL, Nov. 9 (Korea Bizwire) — The Supreme Court on Thursday upheld a lower court’s ruling that ordered humidifier disinfectant manufacturers to pay compensation to a victim of the chemical. The civil litigation began in February 2015, when the victim, surnamed Kim, who used a humidifier sanitizer product made and sold by Oxy Reckitt Benckiser [...]
SEJONG, Nov. 9 (Korea Bizwire) – More than half of South Koreans believe that the younger generation has a lower chance of climbing the social ladder. In addition, seven out of 10 elderly people live separately from their children, and eight out of 10 of them earn their living independently. Statistics Korea announced the results of [...]
SEOUL, Nov. 9 (Korea Bizwire) – As bed bugs continue to turn up in various parts of the country, including Seoul and the capital region, consumers have become increasingly worried about the potential for these pests to spread through courier services. The persistent presence of bedbugs has instilled a sense of apprehension in consumers, as they [...]
SEJONG, Nov. 9 (Korea Bizwire) – More than half of South Korean employees are experiencing anxiety about losing their jobs or having to change jobs. Preferences for public servant jobs or positions at state-run enterprises have sharply declined, while the popularity of employment at large companies has increased. Approximately 80 percent of households replied that income [...]