SEOUL, Nov. 19 (Korea Bizwire) – In a novel approach to corporate social responsibility, a South Korean advertising agency is breathing new life into a community bathhouse, transforming it into what is being called “the world’s safest bathhouse” for elderly residents. Innocean, a marketing communications company led by CEO Lee Yongwoo, is undertaking a complete renovation [...]
SEOUL, Nov. 19 (Korea Bizwire) — A Seoul court again rejected an arrest warrant for Qoo10 CEO Ku Young-bae on Tuesday on fraud and embezzlement charges related to his e-commerce group’s large-scale payment delays to vendors. The Seoul Central District Court made the decision following a hearing Monday, saying there was “room for dispute” over [...]
SEOUL, Nov. 18 (Korea Bizwire) — Prosecutors questioned a former chairman of a major South Korean dairy company Monday as part of an investigation into allegations he embezzled company funds for personal use. Hong Won-sik, former chairman of Namyang Dairy Products Co., underwent the questioning at the Seoul Central District Prosecutors Office, officials said. Hong [...]
SEOUL, Nov. 19 (Korea Bizwire) — The global messaging service Telegram has designated an officer in charge of protecting underage users from illicit content amid criticism over its passive response against sexually exploitative materials circulating on the platform, South Korea’s media regulator said Tuesday. The Korea Communications Commission (KCC) said Telegram made the designation and [...]
SEOUL, Nov. 19 (Korea Bizwire) — Unionized Seoul subway workers said Tuesday they will go on a full-scale strike on Dec. 6 in demand of increases in wages and new staff hiring. The walkout plan was announced in a news conference by the biggest of the three labor unions of Seoul Metro, the operator of [...]
SEOUL, Nov. 19 (Korea Bizwire) — Nearly 7 in 10 married South Korean women have experienced career interruptions due to pregnancy and child-rearing, data showed Tuesday. The number of married women aged 15-54 who left the workforce reached 1.22 million in the first half of this year, according to the data from Statistics Korea. This [...]
SEOUL, Nov. 19 (Korea Bizwire) – South Korea’s inheritance tax system, among the highest in developed nations, is hampering business continuity and economic dynamism, according to a new report released on November 18 by the Korea Chamber of Commerce and Industry (KCCI). The report, “Five Reasons Why Inheritance Tax Reform is Necessary,” comes as the government’s [...]
SEOUL, Nov. 18 (Korea Bizwire) – An individual referred to only as Lee, who began his career as a delivery worker three years ago, says the pressure to meet tight deadlines has become nearly unbearable. “We need to complete at least four deliveries per hour to make ends meet,” said Lee, who acknowledged that running red [...]
SEOUL, Nov. 18 (Korea Bizwire) – A significant shift in attitudes toward traditional family structures is emerging among South Korea’s younger generation, with two in five people in their 20s now believing that marriage is not a prerequisite for having children, according to a new government survey. The 2024 Social Survey by Statistics Korea reveals that [...]
POHANG, Nov. 18 (Korea Bizwire) – A civic organization in Pohang, North Gyeongsang Province, has launched a public campaign to boost morale at local steel companies, hanging 20 encouraging banners across the city on November 16. The “People Making Happy Pohang” group, led by Park Je-seo, displayed 15 banners supporting POSCO and five supporting Hyundai Steel, [...]