SEOUL, June 23 (Korea Bizwire) — With the cost of eating out continuing to rise rapidly, an increasing number of office workers are turning to company cafeterias to minimize expenses. Company cafeterias are attracting office workers due to their affordable prices and daily-changing menus. “I can purchase a salad for 3,000 won (US$2.31) at the [...]
SEOUL, June 23 (Korea Bizwire) — The Seoul Metropolitan Government plans to preserve the nation’s oldest apartment building, the Chungjeong Apartment Building in Seodaemun District, using advanced technology. Built in 1937 during the colonial era, it is the first apartment building in the nation to have a reinforced concrete structure. Former Seoul Mayor Park Won-soon [...]
SEOUL, June 22 (Korea Bizwire) — A one-stop online platform for borrowing money to repay credit loans at a lower interest rate is gaining popularity. The loan service for repayment, which was launched last month, has resulted in 19,778 applications and a loan asset transition of 500.5 billion won (US$386 million) as of Wednesday, according [...]
SEOUL, June 22 (Korea Bizwire) — The number of households that moved from urban areas to farming and fishing villages logged a marked decrease in 2022 following two years of on-year growth amid the COVID-19 pandemic, data showed Thursday. The number of households moving to farming villages came to 318,769 in 2022, down 12.3 percent [...]
SEOUL, June 22 (Korea Bizwire) — In-flight disturbances and other illegal acts on board have risen significantly this year as more people have gone on overseas trips since the lifting of COVID-19 restrictions, government data showed Thursday. According to the data from the Ministry of Land, Infrastructure and Transport, 159 such cases were reported between [...]
SEOUL, June 21 (Korea Bizwire) — The “Yellow Umbrella” support system, a mutual aid fund for small businesses in South Korea, has made significant disbursements this year to businesses that are shutting down. Benefits were paid out to companies going out of business in a total of 48,000 cases between January and May this year, [...]
SEOUL, June 21 (Korea Bizwire) — Seoul Metro, the operator of the subway service in Seoul, said Tuesday it will develop a real-time monitoring system that utilizes artificial intelligence (AI) technology to assess the congestion levels of subway stations. The project will involve employing AI to analyze the CCTV data organized by congestion levels. In [...]
SEOUL, June 21 (Korea Bizwire) — A legal basis has been established to address the so-called “squatting” issue, wherein individuals leave their tents behind on beaches for extended periods, using them whenever they return to the beach. The Ministry of Oceans and Fisheries said Tuesday that a bill allowing authorities to swiftly remove unauthorized personal [...]
SEOUL, June 20 (Korea Bizwire) — The number of double-income households in South Korea moved up in 2022 from a year earlier, data showed, amid the eased COVID-19 restrictions. Double-income households came to 5.84 million in October 2022, up 20,000 from a year earlier, according to the data from Statistics Korea. They made up 46.1 [...]
SEOUL, June 20 (Korea Bizwire) — As South Korea’s young population continues to shrink, policies aimed at raising the age limit of the youth population are spreading across the country. The municipality of Jeongeup in North Jeolla Province said Monday it has increased the age limit for young residents to 45 years old. This change [...]