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South Korea’s Gyeonggi Province Plans ‘Sports Points’ Program to Promote Fitness

South Korea’s Gyeonggi Province Plans ‘Sports Points’ Program to Promote Fitness

SUWON, Mar. 25 (Korea Bizwire) – In an effort to improve physical fitness and promote a more active lifestyle among its residents, Gyeonggi Province in South Korea is set to introduce a pioneering “sports points” program next year, after completing a policy research study on the initiative this month. The proposed program, dubbed the “Gyeonggi Sports [...]

For South Korea’s Self-Employed, Child-Rearing Poses Daunting Financial Hurdles

For South Korea’s Self-Employed, Child-Rearing Poses Daunting Financial Hurdles

SEJONG, Mar. 25 (Korea Bizwire) – In South Korea’s rapidly aging society, where the government has been scrambling to encourage childbirth through expanded parental leave benefits, a significant segment of the workforce finds itself left out: the self-employed.  Park Chang-hyun, 34, works as a delivery rider in Gwangju. When he recently inquired about parental leave allowances [...]

Alibaba’s $200 Million Investment in South Korean Logistics Hub Stirs Competition Concerns

Alibaba’s $200 Million Investment in South Korean Logistics Hub Stirs Competition Concerns

SEOUL, Mar. 25 (Korea Bizwire) – Alibaba Group, the Chinese e-commerce behemoth behind platforms like AliExpress, has announced plans to invest $200 million to establish a logistics center in South Korea, setting off alarm bells across the country’s e-commerce and logistics industries.  The move to secure a Korean logistics hub, the first since Alibaba’s entry into [...]

South Korea’s Neighborhood App Karrot Gains Popularity in Canada

South Korea’s Neighborhood App Karrot Gains Popularity in Canada

SEOUL, Mar. 25 (Korea Bizwire) – Karrot, a homegrown South Korean app that facilitates hyperlocal community interactions, is rapidly gaining traction in Canada, cracking the top 10 rankings on both the Google Play Store and Apple’s App Store in the free social app category. According to industry sources on Friday, Karrot secured the No. 5 and [...]

Executives at South Korea’s Top Conglomerates Earn Over 10 Times More Than Workers

Executives at South Korea’s Top Conglomerates Earn Over 10 Times More Than Workers

SEOUL, Mar. 25 (Korea Bizwire) – A stark divide exists between the paychecks of top executives and ordinary employees at South Korea’s major conglomerates, with a new analysis revealing that executives earn on average more than 11 times the salary of regular workers.  According to data compiled by Chaebul.com from the 2023 fiscal year business reports [...]

South Korea to Disclose Financial Benefits Received by Doctors and Pharmacists

South Korea to Disclose Financial Benefits Received by Doctors and Pharmacists

SEOUL, Mar. 22 (Korea Bizwire) – Starting this year, South Korea will implement measures to enhance transparency in the relationship between healthcare professionals and pharmaceutical and medical device companies. The Ministry of Health and Welfare has announced guidelines for compiling reports detailing the economic benefits provided to doctors and pharmacists.  In 2021, amendments were made to [...]

Nvidia Chief Gives Nod to Samsung’s Next-Gen Memory Chip

Nvidia Chief Gives Nod to Samsung’s Next-Gen Memory Chip

SEOUL, Mar. 22 (Korea Bizwire) – Jensen Huang, the chief executive of Nvidia, made a notable appearance at Samsung Electronics’ booth during the annual GTC 2024 developers’ conference in San Jose, California. There, he left a handwritten signature on Samsung’s upcoming high-bandwidth memory chip, HBM3E, fueling expectations of a stronger partnership between the two companies. On [...]

Doctors in South Korea Eye Exits Amid Expansion of Medical School Quotas

Doctors in South Korea Eye Exits Amid Expansion of Medical School Quotas

SEOUL, Mar. 22 (Korea Bizwire) – As the South Korean government finalizes plans to increase enrollment at medical schools by 2,000 students, a leading voice in the medical community has sounded the alarm about a potential exodus of aspiring doctors disillusioned with the changes. “Many residents are preparing for medical licensing exams in the United States [...]

Sokcho Launches Full-Fledged ‘Workcation’ Programs to Become Holiday Workspace Hub

Sokcho Launches Full-Fledged ‘Workcation’ Programs to Become Holiday Workspace Hub

CHUNCHEON, Mar. 22 (Korea Bizwire) – Sokcho, a coastal city in Gangwon Province, is embarking on an ambitious initiative this year to establish itself as a “Workcation Capital” by offering comprehensive programs that blend remote work with vacation experiences.  From now until June, the city will run a three-night, four-day program titled “A Taste of Work [...]

South Korea Develops Cryopreservation Technology to Safeguard Pear Genetic Resources

South Korea Develops Cryopreservation Technology to Safeguard Pear Genetic Resources

JEONJU, Mar. 22 (Korea Bizwire) – The Rural Development Administration (RDA) of South Korea has announced the development of a cryopreservation technology that allows for the long-term storage of pear tree genetic resources at ultra-low temperatures.  The key to this technology is preserving genetic material in liquid nitrogen at an extreme low temperature of minus 196 [...]