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U.S. Loosens Export Restrictions on Chip Equipment for Samsung and SK Facilities in China

U.S. Loosens Export Restrictions on Chip Equipment for Samsung and SK Facilities in China

SEOUL, Oct. 9 (Korea Bizwire) – The United States has decided to allow exports of its semiconductor manufacturing equipment to Samsung Electronics and SK hynix factories in China without a separate approval process, the presidential office said Monday, a much-needed relief to the Korean chipmakers. The U.S. government has designated Samsung Electronics and SK hynix’s [...]

South Korea Passes Landmark Law Requiring Full Disclosure of Cigarette Additives and Harmful Ingredients

South Korea Passes Landmark Law Requiring Full Disclosure of Cigarette Additives and Harmful Ingredients

SEOUL, Oct. 9 (Korea Bizwire) – Going forward, both the additives used in cigarettes and the harmful substances that come from smoking them will be disclosed to the South Korean public. The National Assembly approved the “Law on the Control of Harmful Effects of Tobacco” (draft) during its full session on October 6. This law [...]

Rising Number of Prisoners Prescribed Psychotropic Medications, According to Data

Rising Number of Prisoners Prescribed Psychotropic Medications, According to Data

SEOUL, Oct. 8 (Korea Bizwire) –The number of prisoners taking psychotropic medications while in custody has steadily risen over the past four years, justice ministry data showed Sunday.   A total of 5,741 inmates consumed such medications either through prescription or via mail last year, accounting for 10.8 percent of all inmates in correction facilities, [...]

Police Receive Almost 20,000 Stalking Reports Over the Past 2 Years, According to Data

Police Receive Almost 20,000 Stalking Reports Over the Past 2 Years, According to Data

SEOUL, Oct. 8 (Korea Bizwire) – Police received nearly 20,000 reports of stalking crimes over the past two years since the enactment of the anti-stalking law, police data showed Sunday. As of August, police had received a total of 19,394 reports of stalking since the anti-stalking law went into effect in October 2021, according to [...]

Bank and Insurance Employment Declines by Nearly 10,000 Since the End of 2018

Bank and Insurance Employment Declines by Nearly 10,000 Since the End of 2018

SEOUL, Oct. 8 (Korea Bizwire) – The number of employees at banks and insurance companies dipped by nearly 10,000, data showed Sunday. Bank jobs totaled at 116,582 as of June, down from 122,531 from the end of 2018, according to the Financial Supervisory Service statistics released by Rep. Yun Chang-hyun of the ruling People Power [...]

Rising Reliance on Foreign Workers in Korea’s Vital Manufacturing Sector

Rising Reliance on Foreign Workers in Korea’s Vital Manufacturing Sector

SEOUL, Oct. 7 (Korea Bizwire) –The Ppuri industry, which is crucial for the Korean manufacturing sector, is expected to rely more on foreign workers. This industry encompasses various manufacturing processes like casting, mold making, plastic processing, welding, surface treatment, and heat treatment. Recent data on the Korean labor market shows that 9.2 percent of workers [...]

Teenage High School Student Arrested in Connection with Suspected Serial Assaults on Teenage Girls

Teenage High School Student Arrested in Connection with Suspected Serial Assaults on Teenage Girls

SEOUL, Oct. 7 (Korea Bizwire) – A high school student was put under emergency detention Saturday for allegedly attacking three teenage girls in two days earlier this week, police said. The 16-year-old suspect, whose identity was withheld, was suspected of breaking into a women’s restroom at a shopping center in the city of Hwaseong, south [...]

Drug Offender Arrests Surge to Near-Record High, Approaching 13,000

Drug Offender Arrests Surge to Near-Record High, Approaching 13,000

SEOUL, Oct. 6 (Korea Bizwire) – Police arrested a record number of drug-related offenders this year, a ruling party lawmaker said Friday, illustrating growing concerns in South Korea about drug problems. A total of 12,700 people — nearly half of them unemployed — were convicted of drug crimes as of August, exceeding last year’s tally [...]

Parliament Approves ‘Mug Shot Disclosure Bill’ to Expand Information Sharing for Violent Offenders

Parliament Approves ‘Mug Shot Disclosure Bill’ to Expand Information Sharing for Violent Offenders

SEOUL, Oct. 6 (Korea Bizwire) – The National Assembly on Friday passed a new bill aimed at expanding the public disclosure of personal data of violent crime offenders amid heightened public concern over heinous crimes. Nicknamed the “mug shot disclosure bill,” the legislation will allow police to disclose portrait photos of suspects in violent crimes [...]