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Instagram Study Exposes Greenwashing by Major Companies, Misleading Consumers

Instagram Study Exposes Greenwashing by Major Companies, Misleading Consumers

SEOUL, Aug. 29 (Korea Bizwire) — A recent study found that four out of every 10 Instagram accounts belonging to large companies in South Korea were found to be posting misleading environmental content, a practice known as “greenwashing.” This often confuses consumers, making them think the companies are more environmentally friendly than they actually are. [...]

Japanese in S. Korea Caution amid Fukushima Water Release

Japanese in S. Korea Caution amid Fukushima Water Release

SEOUL, Aug. 29 (Korea Bizwire) — After Japan commenced the discharge of contaminated water from the Fukushima nuclear power plant, Japanese individuals staying or visiting South Korea appear to be exercising great caution. The majority of them take the stance of comprehending the concerns of Koreans and having confidence in the Japanese government’s official statements. [...]

Regulators Take Action Against Misleading Cosmetics Ads Making Health Claims

Regulators Take Action Against Misleading Cosmetics Ads Making Health Claims

SEOUL, Aug. 29 (Korea Bizwire) — South Korea’s drug safety ministry said Monday it has asked the Korea Cosmetics Association and the Korea Communications Commission to prevent access to and remove 155 online cosmetics advertisements that make claims about their effectiveness, like aiding with ‘diet’ or ‘body shape maintenance’. The ministry also requested that administrative bodies overseeing [...]

Gyeonggi Prov. Launches Climate Fund Initiative to Drive Renewable Energy and Green Growth

Gyeonggi Prov. Launches Climate Fund Initiative to Drive Renewable Energy and Green Growth

SUWON, Aug. 29 (Korea Bizwire) — The Gyeonggi provincial government announced on Monday its commitment to establishing a climate response fund totaling 120 billion won (US$90 million), the largest allocation ever made by a local government towards such an initiative. The provincial government plans to create the fund over three years, from 2024 to 2026. [...]

S. Korea’s Infant and Toddler Population Smaller than East Asian Peers

S. Korea’s Infant and Toddler Population Smaller than East Asian Peers

SEOUL, Aug. 28 (Korea Bizwire) — South Korea has a smaller infant and toddler population compared to other East Asian countries, a research institute said Sunday. According to a report from the Korea Insurance Research Institute, Asia’s fourth-largest economy had 1.65 million children aged 0 to 4 as of 2021. If we use Japan’s population as [...]

S. Korea’s Public Pension Spending Falls Short of OECD Norms

S. Korea’s Public Pension Spending Falls Short of OECD Norms

SEOUL, Aug. 28 (Korea Bizwire) — South Korea’s government spending on public pensions, a primary means of addressing senior poverty, is merely half of the expenditure of other countries within the Organization for Economic Cooperation and Development (OECD), a report showed Sunday. According to Pensions at a Glance 2021 published by the Paris-based organization, a [...]