SEOUL, Dec. 1 (Korea Bizwire) — South Korea’s top securities firms have narrowed their gender pay gaps over the past five years, but disparities remain substantial, according to regulatory filings released on Sunday. Semiannual reports submitted to the Financial Supervisory Service show that the average first-half salary at the country’s 10 largest brokerages reached 103.5 million [...]
SEOUL, Nov. 30 (Korea Bizwire) — South Korea is moving to tighten regulations on electric scooters as accidents involving personal mobility devices surge nationwide, raising concerns over public safety while prompting debate about the future of these increasingly common, eco-friendly vehicles. According to data released on Sunday by the Korea Road Traffic Authority, accidents involving personal [...]
CHUNCHEON, Nov. 28 (Korea Bizwire) — Public pressure for mandatory closed-circuit cameras in kindergarten classrooms is mounting in South Korea following a suspected child-abuse case in Chuncheon, but education authorities signaled caution on imposing sweeping surveillance requirements. Shin Gyeong-ho, superintendent of the Gangwon Special Self-Governing Province Office of Education, said Wednesday that the installation of CCTV [...]
SEOUL, Nov. 27 (Korea Bizwire) — A public petition opposing a potential ban on South Korea’s popular dawn delivery services surpassed 25,000 signatures on Thursday, one day before a government-labor-industry dialogue committee is set to meet for a third round of discussions on the issue. The petition, filed by a self-described working mother, argues that overnight [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korean young adults are taking significantly longer to land their first full-time job, with those living outside the Seoul metropolitan area facing a growing disadvantage, according to new government research released Thursday. A study by the Korea Employment Information Service (KEIS) found that the average job-search period for young [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korea now has the highest employment rate among seniors in the OECD, a trend driven less by choice than by economic hardship as the country enters an era of rapid population aging. A report released Wednesday by Oh Yoo-jin, a researcher at the National Pension Research Institute, shows that [...]
SEOUL, Nov. 24 (Korea Bizwire) — A long-running controversy over price-gouging at Seoul’s iconic Gwangjang Market has escalated into a legal battle, as brick-and-mortar shop owners move to sue street vendors for damages, arguing that repeated scandals have driven customers away and caused significant financial harm. According to interviews conducted by Yonhap News Agency, the Gwangjang [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korean authorities plan to expand a safety program for elderly drivers after new data showed more than 70 suspected pedal-misapplication incidents over a three-month period — all prevented by recently installed safety devices. According to the National Police Agency on Sunday, the Korea Transportation Safety Authority analyzed pedal-misoperation prevention [...]
SEOUL, Nov. 19 (Korea Bizwire) — A large majority of South Korean workers say the country’s labor market is fundamentally unequal, reflecting long-standing structural divides between large conglomerates and smaller firms, according to new research presented at a major labor conference in Seoul on Tuesday. The survey, released at the 30th-anniversary forum of the Federation [...]
SUWON, Nov. 19 (Korea Bizwire) — South Korean police have broken up a large network of illegal private lenders that preyed on low-income borrowers with usurious interest rates and aggressive collection tactics, authorities said Wednesday. The Gyeonggi Nambu Provincial Police Agency announced it had arrested 61 people connected to four criminal lending rings, including the alleged [...]