SEOUL, May 6 (Korea Bizwire) – A special loan program in South Korea offering rock-bottom interest rates for newlywed couples and new parents has drawn more than 5 trillion won in applications just three months since its launch, data showed on May 5. The “New Baby” loan program, introduced on January 29 by the Ministry [...]
SEOUL, May 3 (Korea Bizwire) — Members of K-pop juggernaut BTS carrying out their mandatory military service has sent a “positive signal” for men to faithfully fulfill their service, the head of the military manpower agency said, raising the possibility of abolishing exemptions given to top athletes and musicians. Lee Ki-sik, commissioner of the Military [...]
SEOUL, May 3 (Korea Bizwire) — Companies will be fined for reducing packet contents while maintaining retail prices without notice in South Korea as the government seeks to eradicate “shrinkflation” practices to better ensure consumer rights, the antitrust regulator said Friday. Under the envisioned revision of relevant regulations, manufacturers of daily necessities, including milk, coffee, [...]
SEOUL, May 2 (Korea Bizwire) – With the Covid-19 pandemic waning in South Korea, a government survey has found that most aspects of teenagers’ daily lives, including relationships with friends and family as well as school experiences, are undergoing positive changes. Adolescents have reported spending significantly more time confiding in their parents about their concerns, sharing [...]
SEOUL, May 1 (Korea Bizwire) — South Korea will focus on fostering its console game sector over the next five years as part of efforts revive the country’s game industry, the culture ministry said Wednesday. Under the five-year plan to promote the game industry, the Ministry of Culture, Sports and Tourism will work to expand [...]
TOKYO, May 1 (Korea Bizwire) – A memorial honoring Korean workers during Japan’s colonial occupation, which was dismantled by authorities in Gunma Prefecture in January, has been digitally resurrected through an augmented reality (AR) application, according to a report by the Asahi Shimbun on April 30. The “AR Korean Workers’ Memorial” app allows users to virtually [...]
SEOUL, April 30 (Korea Bizwire) – The Supreme Court will seek to set new sentencing guidelines on crimes related to voice phishing and insurance fraud in a move to toughen punishment for fraud crimes for the first time in 13 years. The Sentencing Commission, affiliated with the top court, made the decision to newly include [...]
SEOUL, Apr. 30 (Korea Bizwire) – Seven out of 10 South Korean workers who reported suffering in their jobs said they had been victims of bullying, violence or other abusive behavior, according to an analysis by a civic group that spotlights workplace injustices. The Seoul-based organization Gabjil 119 said on April 29 that of the 407 [...]
SEOUL, Apr. 29 (Korea Bizwire) – A recent survey has revealed that nearly 6 out of 10 irregular workers in South Korea are not receiving paid leave on national holidays, a benefit guaranteed by the country’s labor laws. The findings were announced on April 28 by the civic group Gabjil 119, which commissioned a poll of [...]
SEOUL, Apr. 29 (Korea Bizwire) – A new study has found that older adults with chronic conditions who live alone are less likely to take their medications as prescribed compared to those living with family members. Poor medication adherence among patients requiring long-term treatment for chronic illnesses can lead to reduced treatment efficacy, increased adverse effects, [...]