SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s household credit soared in the second quarter of the year amid high interest rates as home purchases gathered steam, central bank data showed Tuesday. Outstanding household credit reached 1,862.8 trillion won (US$1.38 trillion) at the end of June, up 9.5 trillion won from three months earlier, according [...]
SEOUL, Aug. 22 (Korea Bizwire) — Numerous online communities have recently brought to light instances where certain local establishments, such as restaurants and cafes, have been requesting tips from customers. This trend has raised concerns about the potential emergence of an unfavorable “tipping culture” in South Korea. Just last week, a well-known online community shared [...]
SEOUL, Aug. 22 (Korea Bizwire) — While numerous global companies that adopted telecommuting over the last three years are gradually summoning employees back to a traditional office setting, South Korean enterprises are likewise scaling back their telecommuting initiatives, attributing the change to communication challenges. This situation has triggered varied responses among employees. Some assert that [...]
SEOUL, Aug. 21 (Korea Bizwire) — Nearly 300 current teachers have reported their involvement in profitable activities associated with private educational companies, including selling exam questions and creating study materials, the education ministry said Monday. Among them, 45 people acknowledged receiving over 50 million won (US$37,260) from companies over the course of five years, including [...]
SEOUL, Aug. 21 (Korea Bizwire) — South Korea’s new coronavirus cases dropped last week to snap seven consecutive weeks of growth, government data showed Monday, encouraging health authorities to resume their plans to lift all virus curbs. The country reported a daily average of 40,400 new infections for the week of Aug. 15-21, down 17.7 [...]
SEOUL, Aug. 21 (Korea Bizwire) — A rising number of South Koreans are advocating for the reinstatement of the death penalty following a series of violent crimes that have occurred in the past 30 days. Since its last execution on Dec. 30, 1997, South Korea has not carried out any death penalties, although handing out [...]
SEOUL, Aug. 21 (Korea Bizwire) — A significant portion of physician assistants (PAs), responsible for assuming certain doctor duties, operate in operating rooms or other areas involving direct interaction with patients’ lives, a government data showed Sunday. The Ministry of Health and Welfare conducted a survey across 12 general hospitals, 14 hospitals with over 300 [...]
SEOUL, Aug. 21 (Korea Bizwire) — A majority of South Korean consumers are against the idea of implementing a tipping feature for taxi-hailing services, a survey showed Sunday. According to a survey conducted by Opensurvey with a panel of 1,000 individuals aged from their 20s to 50s, the proportion of respondents who were inclined to [...]
SEOUL, Aug. 21 (Korea Bizwire) — Among the police officers in Seoul, substantial vacancies exist in the basic ranks primarily deployed for on-site public safety, data showed Sunday. According to data received by Rep. Chung Woo-taik of the People Power Party from the National Police Agency, the agency’s count of sergeants stood at 5,691 as [...]
SEOUL, Aug. 18 (Korea Bizwire) — As fear of recent stabbing rampages spreads throughout South Korea, the debate surrounding gaming and its potential impact on violence resurfaces. Just last week, the prosecution apprehended Cho Seon, a 33-year-old individual responsible for the deadly stabbing rampage near Sillim Station in southern Seoul that occurred last month. The [...]