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Car Accidents, Damage from Senior Drivers Increasing

Car Accidents, Damage from Senior Drivers Increasing

SEOUL, Nov. 20 (Korea Bizwire) — The number of car accidents caused by senior drivers more than quadrupled over the past 10 years, insurance data showed Monday, leading to 304.8 billion won (US$277.21 million) in damage. The accident tally for private drivers from the Korea Insurance Development Institute showed there were some 29,000 accidents caused [...]

Business Indices for Renewable Energy Worsen

Business Indices for Renewable Energy Worsen

SEOUL, Nov. 20 (Korea Bizwire) — Key business indices for renewable energy, including investment and domestic demand, have backtracked over the past few years, data showed Monday, a challenge to the government policy to pursue non-nuclear power sources. The data provided in a 2016 survey by the New Renewable Energy Center of the Korea Energy [...]

S. Korea Sees Jump in E-cigarette Shipments This Year

S. Korea Sees Jump in E-cigarette Shipments This Year

SEOUL, Nov. 20 (Korea Bizwire) — South Korea saw shipments of electronic cigarettes soar this year on their growing popularity among smokers amid a tumble in sales of conventional tobacco, government data showed Sunday. According to the data from the finance ministry, shipments of electronic cigarettes, including Phillip Morris’ IQOS and British American Tobacco’s Glo, [...]

Samsung to Rank No. 1 in Capital Spending Among Chipmakers This Year

Samsung to Rank No. 1 in Capital Spending Among Chipmakers This Year

SEOUL, Nov. 17 (Korea Bizwire) — Capital spending among chipmakers is expected reach US$90.8 billion this year, an industry tracker said Friday, with South Korea’s Samsung Electronics Co. leading the pact. According to the data compiled by IC Insights, Samsung Electronics’ annual facility investment for this year is estimated at $26 billion, accounting for more [...]

Dividend Payouts to Foreigners Soar 20 pct This Year

Dividend Payouts to Foreigners Soar 20 pct This Year

SEOUL, Nov. 16 (Korea Bizwire) –South Korean listed firms’ dividend payouts to foreign investors jumped more than 20 percent in the first nine months of the year due mainly to increased earnings, central bank data showed Thursday. Local listed companies paid foreign investors US$14.09 billion in dividends in the January-September period, up 20.5 percent from [...]

Over 50 Percent Report Witnessing Requests for Special Consideration in Hiring Process

Over 50 Percent Report Witnessing Requests for Special Consideration in Hiring Process

SEOUL, Nov. 14 (Korea Bizwire) – Cases of unfair hiring practices have been experienced or witnessed by at least half of all salaried workers, with 13.1 percent even being on the receiving end of requests for “favors”, according to job recruitment web service Incruit.  The results were generated from a questionnaire answered by 283 Incruit [...]