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English Kindergartens Four Times More Expensive than Universities

English Kindergartens Four Times More Expensive than Universities

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 [...]

Business Community Concerned About Rising Costs over Reduced Working Hours

Business Community Concerned About Rising Costs over Reduced Working Hours

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 [...]

Rising Costs Fueling Concerns Among Carmakers in S. Korea

Rising Costs Fueling Concerns Among Carmakers in S. Korea

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 [...]