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South Korea Surpasses Japan in Wage Trends Over Two Decades: Analysis

South Korea Surpasses Japan in Wage Trends Over Two Decades: Analysis

SEOUL, Mar. 17 (Korea Bizwire) – A fresh analysis reveals that wages in South Korea now surpass those in Japan across both major corporations and smaller enterprises, marking a significant shift over the past two decades. The Korea Enterprises Federation (KEF) unveiled a comprehensive report titled “International Comparison and Implications of Korea-Japan Wage Trends” on Sunday, [...]

China’s E-commerce Surge into Korea Sparks Tripled Consumer Complaints and IP Infringement Concerns

China’s E-commerce Surge into Korea Sparks Tripled Consumer Complaints and IP Infringement Concerns

SEOUL, Mar. 17 (Korea Bizwire) – The surge in direct purchases from China via e-commerce channels witnessed a substantial spike of 70% last year, according to data released by the Korea Customs Service on March 17. Concurrently, the volume of consumer complaints has tripled, reflecting the growing challenges posed by this burgeoning trend. The figures [...]

Study Reveals Birth Rate Among Contract Workers Significantly Lower Than Full-Time Employees

Study Reveals Birth Rate Among Contract Workers Significantly Lower Than Full-Time Employees

SEOUL, Mar. 16 (Korea Bizwire) – In a revealing study on South Korea’s labor market dynamics and their impact on family planning, researchers have pointed to a stark disparity in birth rates between contract (irregular workers not covered by major insurance) and full-time corporate employees. The findings suggest that the fertility rate among women in [...]

Walkout Causes Major Hospitals to Incur Billions of Won in Daily Deficits

Walkout Causes Major Hospitals to Incur Billions of Won in Daily Deficits

SEOUL, March 16 (Korea Bizwire) – Major general hospitals have requested the government expand low-interest loans for them as the protracted walkout by trainee doctors has disrupted hospital operations, causing billions of won in deficits per day, sources said Friday. The walkout, which has continued for over three weeks, disrupted operations of major general hospitals [...]

Ohio and South Korea Ink Landmark Driver’s License Exchange Deal

Ohio and South Korea Ink Landmark Driver’s License Exchange Deal

SEOUL, Mar. 15 (Korea Bizwire) – South Korean citizens holding a driver’s license issued in their home country can now acquire an Ohio driver’s license without undergoing further testing, as established by a recent agreement between the two regions. The Korean National Police Agency (KNPA) announced that it had entered into a ‘Mutual Recognition Agreement for [...]

Foreign Game Developers, Led by China, Intensify Competition in South Korea’s Gaming Market

Foreign Game Developers, Led by China, Intensify Competition in South Korea’s Gaming Market

SEOUL, Mar. 14 (Korea Bizwire) – In recent years, the gaming industry in South Korea has seen a surge in competition from foreign companies, particularly from China. This trend has been gaining momentum as Chinese firms have expanded their capabilities and competitive edge, largely due to the restrictions on Korean companies entering the Chinese market imposed [...]

AI Covers of Famous Songs Spark Legal Concerns and Debate on Artist Rights

AI Covers of Famous Songs Spark Legal Concerns and Debate on Artist Rights

SEOUL, Mar. 14 (Korea Bizwire) – The proliferation of AI-generated cover songs that mimic the voices of famous singers has sparked controversy and raised legal concerns, as these ‘AI covers’ spread across YouTube, potentially infringing upon the rights of the artists involved. Legal experts warn that such activities, especially when they generate sponsorship or advertising revenue, [...]

LG U+ and SK Telecom Achieve Top Marks in User Protection, While Apple and Meta Lag Behind

LG U+ and SK Telecom Achieve Top Marks in User Protection, While Apple and Meta Lag Behind

SEOUL, Mar. 14 (Korea Bizwire) – In the latest assessment of telecom operators’ efforts to protect users, LG U+ and SK Telecom have set a high standard by receiving the highest rating of “Outstanding.” In contrast, Apple’s App Store and Meta have struggled to improve, maintaining the lowest rating of “Poor” for another year. The evaluation, [...]

Samsung Electronics Pioneers Eco-Friendly Heating Using Semiconductor Waste Heat

Samsung Electronics Pioneers Eco-Friendly Heating Using Semiconductor Waste Heat

SEJONG, Mar. 13 (Korea Bizwire) – In a novel move towards sustainability, Samsung Electronics is set to utilize the waste heat generated from its semiconductor manufacturing processes for district heating purposes. This innovative approach was solidified through an agreement signed between Samsung Electronics and the Korea District Heating Corporation. The ceremony, held at Samsung’s Hwaseong campus, [...]

Transition from Regular to Irregular Employment Doubles Suicide Risk, Machine Learning Study Reveals

Transition from Regular to Irregular Employment Doubles Suicide Risk, Machine Learning Study Reveals

SEOUL, Mar. 13 (Korea Bizwire) – A groundbreaking study has found that workers transitioning from regular to irregular employment are twice as likely to contemplate suicide compared to their counterparts who remain in regular employment. This significant discovery was made possible through the use of machine learning technology, traditionally employed in the business sector for analyzing [...]