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S. Korea Ranks 115th Out of 149 Countries in Gender Gap Ranking Last Year

S. Korea Ranks 115th Out of 149 Countries in Gender Gap Ranking Last Year

GENEVA, Dec. 18 (Korea Bizwire) — The level of economic participation and opportunity of South Korean women is well below the world average, putting the country in 115th position out of 149 countries in terms of gender equality, according to a report released Tuesday by the World Economic Forum (WEF). The forum’s Global Gender Gap [...]

Gov’t Vows to Enhance Safety at Power Plants

Gov’t Vows to Enhance Safety at Power Plants

SEOUL, Dec. 17 (Korea Bizwire) — The South Korean government vowed Monday to conduct emergency inspections at a coal power plant following the death of a young worker and beef up safety measures in workplaces. The measures comes after a 24-year-old sub-contract worker at the Korea Western Power Co. (KOWEPO) was killed in a conveyor [...]

Slumping Economy Drives S. Koreans to Travel Overseas More Frequently

Slumping Economy Drives S. Koreans to Travel Overseas More Frequently

SEOUL, Dec. 17 (Korea Bizwire) — An increasing number of South Koreans are opening their wallets to purchase plane tickets to go overseas. In fact, South Koreans spent a record-breaking amount of money overseas last year, and the total is only expected to increase in the future. Overseas consumption is gaining importance as a subset [...]

Aggressive Recruiting from China Shakes S. Korea’s Semiconductor Industry

Aggressive Recruiting from China Shakes S. Korea’s Semiconductor Industry

SEOUL, Dec. 17 (Korea Bizwire) — The CTO of HiSilicon Technologies Co., the semiconductor design company of China’s Huawei Technologies Co., was previously employed as an executive director at Samsung Electronics Co. The industry was shocked when Huawei successfully poached the high-ranking Samsung executive. He was the key figure who had developed Samsung Electronics’ 10-nanometer [...]

Gov’t Policy for Self-employed Criticized for Errors, Missteps

Gov’t Policy for Self-employed Criticized for Errors, Missteps

SEOUL, Dec. 17 (Korea Bizwire) — The South Korean economy has one of the highest portions of individuals running their own stores and shops, and they are getting pushed to the brink by a slumping economy and policy missteps, market watchers said Monday. Data from Statistics Korea put the number of self-employed people at some [...]