SEOUL, Nov. 25 (Korea Bizwire) – The nationwide strike by truck drivers caused supply disruptions across the cement and steel industries on Friday, with other sectors like auto and petrochemicals feared to bear the brunt if the protest prolongs. Cement factories were unable to ship most of the daily supply of 200,000 tons the previous [...]
SEOUL, Nov. 24 (Korea Bizwire) — The Supreme Court ruled Thursday it is illegal to deny transgender people the right to change their legal sex status solely on the grounds that they have underage children. The ruling was made in a request filed in 2019 by a naturally born man who underwent a sex reassignment [...]
SEOUL, Nov. 24 (Korea Bizwire) — When Joung Ji-won, the founder and CEO of Algocare Lab, decided to apply for a venture incubator program of Samsung Electronics Co. last year, her startup was in its third year of operation and already recognized for its innovative ideas for personalized nutrition management. Still, she found it challenging [...]
SEOUL, Nov. 22 (Korea Bizwire) — Around 17 percent of South Korean women experienced a career break following their marriage this year, with child-rearing among the top reasons, data showed Tuesday. The number of women aged 15-54 who had stopped working after marriage had come to 1.39 million as of April, slightly down from 1.44 [...]
SEOUL, Nov. 16 (Korea Bizwire) — Seven in 10 Koreans with mortgage loans saw their interest burden increase compared to last year amid a steep increase in interest rates, a poll showed Tuesday. According to a survey conducted by home matching platform Zigbang Co. of 948 users of its application, 41.4 percent of the respondents [...]
SEOUL, Nov. 15 (Korea Bizwire) — The Economic Misery Index showed that the employment crisis and rapidly increasing consumer prices are being felt most closely by young South Koreans. The Federation of Korean Industries (FKI) estimated the Economic Misery Index by combining the unemployment rate from all age groups with the increase rate of consumer [...]
SEOUL, Nov. 9 (Korea Bizwire) — South Korea vowed Wednesday to significantly boost the use and production of clean hydrogen by extending support for securing advanced technologies and building infrastructures with a goal to achieve zero-emission goals and become the world’s No. 1 hydrogen industry powerhouse. The government announced the comprehensive roadmap during a hydrogen [...]
SEOUL, Nov. 9 (Korea Bizwire) — The government said Wednesday it will review the country’s about 1,600 cultural heritage preservation zones possibly to reduce their ranges as part of deregulatory measures. The Cultural Heritage Administration (CHA) announced the plan during a government meeting on regulatory reforms, presided over by Prime Minister Han Duck-soo. Under current [...]
SEOUL, Nov. 8 (Korea Bizwire) — Photos and videos of the Itaewon crowd crush on YouTube and other social media platforms are exacerbating the trauma among victims and their families as well as the public. A 29-year-old office worker surnamed Lee who lost a friend in the stampede unintentionally ran into a YouTube video of [...]
SEOUL, Nov. 5 (Korea Bizwire) — Those who stood up to help victims during the deadly Halloween crowd crush in Seoul’s Itaewon district are receiving praise for their action. Muhammad Shabbir, who has been working as a staff nurse at a general hospital in Pakistan, came to South Korea last month to visit his brother. [...]