SEOUL, Oct. 18 (Korea Bizwire) — South Korea’s small and medium-sized enterprises (SMEs) employ 88 percent of the country’s workforce, but their labor productivity stops at a third of that of large companies, a working paper from the Organization for Economic Cooperation and Development (OECD) said Thursday. Titled “Enhancing dynamism in SMEs and entrepreneurship in [...]
SEOUL, Oct. 17 (Korea Bizwire) — The ruling party and its opposition clashed once again regarding President Moon Jae-in’s “nuclear power phase out” plan during the national audit regarding the issue by lawmakers within the National Assembly’s Trade, Industry, Energy, SMEs, and Startups Committee. Ruling party lawmakers lauded President Moon’s policy on phasing out nuclear [...]
SEOUL, Oct. 17 (Korea Bizwire) — An increasing number of taxi drivers are joining action to oppose a newly proposed carpooling venture from Kakao Mobility. The drivers of nearly 70,000 taxis in Seoul announced that they would stop all operations to participate in a rally to be held in the capital city’s Gwanghwamun district at [...]
SEOUL, Oct. 17 (Korea Bizwire) – There has been a rise, in recent years, of the number of South Koreans who pay national health insurance premiums, required for people to benefit from subsidized hospital bills, but yet do not pay into the national pension plan. According to data submitted by the National Health Insurance Service [...]
SEOUL, Oct. 17 (Korea Bizwire) — The Citizen’s Coalition for Safety (CCS) has argued that the elderly show clearer signs of wanting to commit suicide compared to other demographic groups, making it easier to intervene in any suicide attempts. Yang Du-seok, the director of the Center for Suicide Prevention at the CCS, said Tuesday at [...]
SEOUL, Oct. 17 (Korea Bizwire) — Yuhan-Kimberly Ltd. announced Tuesday the release of the new Monit & Haggis Smart Baby Monitor that applies IoT technology to monitor baby diapers and other functions that assist childcare. Yuhan-Kimberly, in collaboration with Monit, a developer of smart baby monitors, launched the Haggis IoT Service on momQ, Yuhan-Kimberly’s online [...]
SEOUL, Oct. 17 (Korea Bizwire) — The South Korean working poor are struggling from a vicious cycle of increasing debt, where interest and repayment fees reach as high as 12.56 million won each year, while disposable income is no more than 11 million won, on average. The Korea Institute for Health and Social Affairs (KIHSA) [...]
NONSAN, Oct. 17 (Korea Bizwire) — The Yeonsan Ogye Foundation, preserving the Korean tradition of remembering animal spirits since 2003, announced Tuesday that it plans to hold ancestral rites for deceased pets in Nonsan, South Chungcheong Province on October 21. ‘Yeonsan Ogye’ refers to a kind of chicken native to the Yeonsan region. The species [...]
SEOUL, Oct. 17 (Korea Bizwire) — Park Ji-hyun and her friends knew they were among the lucky ones when they bought tickets for South Korea’s friendly football match against Uruguay. “We had to wait until refunded tickets were on sale,” said Park, who visited Seoul World Cup Stadium in Seoul on Friday with her two [...]
SEOUL, Oct. 16 (Korea Bizwire) — More than 7 out of 10 luxury imported vehicles selling for more than 100 million won each have been registered under corporate entities, prompting critics to call for an investigation to verify whether the vehicles have been inappropriately registered for the purpose of evading taxes. According to data submitted [...]