SEOUL, Mar. 25 (Korea Bizwire) — Health Minister Cho Kyoo-hong said Monday relevant ministries have swiftly begun work to hold talks with the medical community, a day after President Yoon Suk Yeol called for a “flexible” measure over the government’s move to suspend licenses of defiant trainee doctors. Prospects of talks between the government and [...]
SEOUL, Mar. 25 (Korea Bizwire) — The union of city bus drivers in Seoul said Monday its leaders agreed to start a general strike by all members later this week after failing to reach a deal on wage hikes with the Seoul city government. The Seoul Bus Labor Union, which has about 18,000 members at [...]
SEJONG, Mar. 25 (Korea Bizwire) – Over the past five years, South Korean customs authorities have seized imported counterfeit goods worth over 2.1 trillion won, with products originating from China accounting for a staggering 1.8 trillion won, highlighting an influx of intellectual property violations. According to data from the Korea Customs Service released on Friday, the [...]
SEJONG, Mar. 25 (Korea Bizwire) – In South Korea’s rapidly aging society, where the government has been scrambling to encourage childbirth through expanded parental leave benefits, a significant segment of the workforce finds itself left out: the self-employed. Park Chang-hyun, 34, works as a delivery rider in Gwangju. When he recently inquired about parental leave allowances [...]
SEOUL, Mar. 25 (Korea Bizwire) – A stark divide exists between the paychecks of top executives and ordinary employees at South Korea’s major conglomerates, with a new analysis revealing that executives earn on average more than 11 times the salary of regular workers. According to data compiled by Chaebul.com from the 2023 fiscal year business reports [...]
SEOUL, Mar. 22 (Korea Bizwire) – Starting this year, South Korea will implement measures to enhance transparency in the relationship between healthcare professionals and pharmaceutical and medical device companies. The Ministry of Health and Welfare has announced guidelines for compiling reports detailing the economic benefits provided to doctors and pharmacists. In 2021, amendments were made to [...]
SEOUL, Mar. 22 (Korea Bizwire) — Prime Minister Han Duck-soo said Friday that the government will deploy additional military surgeons and public health doctors to help cope with the prolonged walkout by junior doctors. Over 90 percent of the country’s 13,000 junior doctors have been on mass resignations for more than a month, protesting against [...]
SEOUL/ROME, March 22 (Korea Bizwire) — Montenegro prosecutors have appealed a recent court ruling for the extradition of disgraced crypto mogul Do Kwon to his home country of South Korea to face trial on charges connected to the crash of cryptocurrencies. Kwon, the co-founder of the cryptocurrency firm Terraform Labs, is wanted both by South [...]
SEOUL, Mar. 22 (Korea Bizwire) – As the South Korean government finalizes plans to increase enrollment at medical schools by 2,000 students, a leading voice in the medical community has sounded the alarm about a potential exodus of aspiring doctors disillusioned with the changes. “Many residents are preparing for medical licensing exams in the United States [...]
SEOUL, Mar. 21 (Korea Bizwire) – The number of South Koreans opting to receive their national pension benefits before the official retirement age, despite incurring a financial penalty, has reached nearly one million, reflecting the economic struggles faced by many retirees. According to data from the National Pension Service released on March 20, the total number [...]