SEOUL, May 19 (Korea Bizwire) — More than eight out of 10 people who reported sexual harassment at the workplace said they suffered from some form of retaliation, a civic group reported Thursday. Gapjil 119, which campaigns against workplace abuses, announced its analysis of the 205 reports it received from abuse victims between January 2021 [...]
SUWON, May 19 (Korea Bizwire) — Most senior citizens in South Korea want to continue working until the age of 71, a recent survey showed. The Gyeonggi Research Institute conducted a nationwide survey of 500 employed seniors over 60 years of age, 97.6 percent of whom wanted to continue working. Among them, 46.3 percent wanted [...]
SEOUL, May 19 (Korea Bizwire) — A group of South Koreans who invested in two main tokens of Terraform Labs have sued Do Kwon, the embattled cryptocurrency firm’s co-founder and CEO, and co-founder Daniel Shin, a law firm representing the investors said Thursday. LKB & Partners said the complaints have been filed with the Seoul [...]
SEOUL, May 19 (Korea Bizwire) — The “MZ generation,” a Korean term referring to those aged between late 10s and 30s, prioritizes work-life balance when applying for jobs, a major South Korean business lobby said. The Korea Enterprises Federation conducted a survey of 1,000 people born between 1983 and 2003, 66.5 percent of whom said [...]
SEOUL, May 19 (Korea Bizwire) — Household income grew at the fastest pace on record in the first quarter on the back of the economic recovery and state relief funds for pandemic-hit merchants, data showed Thursday. The average household earned 4.83 million won (US$3,800) per month in the January-March period, up 10.1 percent from a [...]
POHANG, May 19 (Korea Bizwire) — Another employee at South Korean steelmaker POSCO who was diagnosed with lung cancer has been recognized as a victim of an industrial disaster. A 68-year-old former POSCO employee who was recently diagnosed with lung cancer was recognized as a victim of an industrial disaster under the Industrial Accident Compensation [...]
SEOUL, May 18 (Korea Bizwire) — South Korea’s new COVID-19 cases stayed above 30,000 for the second straight day Wednesday on a continued omicron slowdown as officials weigh a further easing of virus curbs toward returning to pre-pandemic normalcy. The country reported 31,352 new COVID-19 infections, including 35 from overseas, bringing the total caseload to [...]
SEOUL, May 18 (Korea Bizwire) — The percentage of students quitting high school has dropped over the last three years but more students have quit elementary and middle schools, a survey showed Tuesday. The Ministry of Gender and Equality said 56.9 percent of teenagers who have dropped out of public school either by quitting, refusing to [...]
SEOUL, May 18 (Korea Bizwire) — The shocking implosion of the TerraUSD and Luna cryptocurrencies threw many young investors into a panic, some of them saying their entire assets were blown up or even leaving suicidal messages. In a crash starting a week earlier, the once bullish TerraUSD and sister coin Luna had lost almost [...]
SEOUL, May 17 (Korea Bizwire) — South Korea’s new COVID-19 cases hit a little over 35,000 on Tuesday, the lowest Tuesday tally in more than three months, reflecting the slowing virus trend amid efforts to restore pre-pandemic normalcy. The country reported 35,117 new COVID-19 infections, including 26 from overseas, bringing the total caseload to 17,830,429, [...]