SEOUL, Dec. 5 (Korea Bizwire) — More than half of South Koreans watch news on YouTube every day, and a growing share now views content produced by non-traditional creators — individuals and small businesses — as legitimate news media, according to new research presented at a national policy forum on Thursday. The survey, conducted in August [...]
SEOUL, Dec. 4 (Korea Bizwire) — A major apartment complex in eastern Seoul is facing mounting criticism after unilaterally banning nonresidents from nearly all areas of its property and warning of fines of up to 200,000 won (about $150) for violations. According to the real estate industry on Wednesday, the management of Godeok Arteon, a [...]
SEOUL, Dec. 3 (Korea Bizwire) — President Lee Jae-myung on Wednesday marked the first anniversary of the failed Dec. 3 coup attempt by declaring that the South Korean people “have every right to receive the Nobel Peace Prize” for defending democracy against an illegal military intervention. In a nationally televised address titled “First Anniversary of [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korea’s top securities firms have narrowed their gender pay gaps over the past five years, but disparities remain substantial, according to regulatory filings released on Sunday. Semiannual reports submitted to the Financial Supervisory Service show that the average first-half salary at the country’s 10 largest brokerages reached 103.5 million [...]
SEOUL, Nov. 30 (Korea Bizwire) — South Korea is moving to tighten regulations on electric scooters as accidents involving personal mobility devices surge nationwide, raising concerns over public safety while prompting debate about the future of these increasingly common, eco-friendly vehicles. According to data released on Sunday by the Korea Road Traffic Authority, accidents involving personal [...]
CHUNCHEON, Nov. 28 (Korea Bizwire) — Public pressure for mandatory closed-circuit cameras in kindergarten classrooms is mounting in South Korea following a suspected child-abuse case in Chuncheon, but education authorities signaled caution on imposing sweeping surveillance requirements. Shin Gyeong-ho, superintendent of the Gangwon Special Self-Governing Province Office of Education, said Wednesday that the installation of CCTV [...]
SEOUL, Nov. 27 (Korea Bizwire) — A public petition opposing a potential ban on South Korea’s popular dawn delivery services surpassed 25,000 signatures on Thursday, one day before a government-labor-industry dialogue committee is set to meet for a third round of discussions on the issue. The petition, filed by a self-described working mother, argues that overnight [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korean young adults are taking significantly longer to land their first full-time job, with those living outside the Seoul metropolitan area facing a growing disadvantage, according to new government research released Thursday. A study by the Korea Employment Information Service (KEIS) found that the average job-search period for young [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korea now has the highest employment rate among seniors in the OECD, a trend driven less by choice than by economic hardship as the country enters an era of rapid population aging. A report released Wednesday by Oh Yoo-jin, a researcher at the National Pension Research Institute, shows that [...]
SEOUL, Nov. 24 (Korea Bizwire) — A long-running controversy over price-gouging at Seoul’s iconic Gwangjang Market has escalated into a legal battle, as brick-and-mortar shop owners move to sue street vendors for damages, arguing that repeated scandals have driven customers away and caused significant financial harm. According to interviews conducted by Yonhap News Agency, the Gwangjang [...]