SEOUL, Oct. 10 (Korea Bizwire) — The costs of air and maritime cargo shipping surged to their all-time highs in South Korea, as logistics giants reduced their international schedules amid the COVID-19 pandemic, industry data showed Sunday. The average air freight rate from the benchmark Hong Kong-United States routine stood at US$9.74 per kilogram as [...]
SEOUL, Jan. 2 (Korea Bizwire) — Veterinary clinics are less likely to announce the cost of treatment in advance, a recent report has revealed. According to a survey conducted by the Consumers Union of Korea (CUK) on 50 animal hospitals in the Seoul metropolitan area last month, the most expensive treatment item was related to [...]
SEOUL, Nov. 1 (Korea Bizwire) — So-called English Kindergartens in Seoul, specializing in teaching English to toddlers, were found to cost more than the average annual tuition fee at universities. The World Without Concerns for Private Education, a civic group, reported that English kindergartens in Seoul charge an average of 1 million won (US$888) per [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s business community on Tuesday expressed concern about additional costs stemming from a looming reduction in a weekly working hours. The move came after the National Assembly’s environment and labor committee passed a bill aimed at shortening maximum statutory working hours to 52 hours a week from the [...]
SEOUL, Feb. 12 (Korea Bizwire) — Rising costs have become a growing source of concern for carmakers operating in South Korea, with GM Korea Co. now eyeing financial assistance from the government here, an association said Monday. Carmakers in the country generally have lower hourly vehicle production rates than rivals in Japan and the United [...]