SEOUL, Nov. 30 (Korea Bizwire) – This year, the aggregate value of stock options granted by publicly listed companies in South Korea has dipped to 950 billion won, marking the first time in five years that it has fallen below the 1 trillion won threshold. The decline in the stock market has been a contributing factor, [...]
SEOUL, BUSAN & PARIS, Nov. 29 (Korea Bizwire) –Following Busan’s unsuccessful bid for the 2030 World Expo, Busan National University Professor Kim Yi-tae, an advisor to the Busan Expo Hosting Committee, has claimed that vote buying occurred. Kim made this revelation during a press conference held on the sidelines of the International Expositions Bureau (BIE) [...]
SEOUL, Nov. 29 (Korea Bizwire) — The number of babies born in South Korea fell by the most in about three years in September, data showed Wednesday. A total of 18,707 babies were born in September, down 14.6 percent from a year earlier, according to the data from Statistics Korea. It is the sharpest on-year [...]
MOKPO, South Korea, Nov. 29 (Korea Bizwire) — A cargo ship believed to be Chinese submerged in waters off South Korea’s southwestern coast Wednesday, the Coast Guard said. The Mokpo Coast Guard said it received a report at around 7:28 a.m. that the 200-ton ship was sinking in waters off Gageo Island, 422 km southwest [...]
BUSAN, Nov. 29 (Korea Bizwire) – In a development reminiscent of a spy thriller, a criminal syndicate engaged in voice phishing, or “vishing,” has been successfully dismantled by South Korean authorities. The enterprising organization, amassing a staggering 15 billion won (approximately $13.5 million) in illicit proceeds, resorted to a method straight out of Hollywood to elude [...]
SEJONG, Nov. 29 (Korea Bizwire) – A recent report from Statistics Korea based on National Transfer Account data from 2021 has revealed that the individual economic journey of South Koreans hits its apex at the age of 43, with surplus income totaling 17.92 million won, only to dip to a deficit from age 61 onwards, with [...]
SEOUL, Nov. 28 (Korea Bizwire) – Recent research shows that only 0.8 percent of regular employees at the top 100 listed companies have a chance of reaching executive positions. The Korea CXO Research Institute states that, based on this year’s revenue, the likelihood of promotion to executive roles for these employees is 0.83 percent, which is [...]
SEOUL, Nov. 28 (Korea Bizwire) – In the past year, high school seniors who received private education on career and college consulting spent an average of over 1 million won on an annual basis, while those who sought tutoring for essay writing spent around 4 million won, according to recent data. According to the “2022 Private [...]
SEOUL, Nov. 27 (Korea Bizwire) — A Seoul court has sentenced a man to 14 months in prison for entering a poem praising the North Korean regime in a competition organized by a North Korean propaganda website. The Seoul Central District Court handed down the jail term to the 68-year-old on charges of violating the [...]
SEOUL, Nov. 27 (Korea Bizwire) – Bank A covers meal and transportation expenses for employees working eight hours a day but doesn’t provide this for those working seven hours and thirty minutes a day. Bank B mandates that only non-regular workers arrive at work earlier. Securities firm C refused to pay a 190 million won allowance [...]