SEOUL, Jan. 9 (Korea Bizwire) — A number of big players in the finance sector are moving to regulate team dinners and other work-related social activities. Specifically, from January 8, Hyundai Card Co. has banned late night get-togethers after 11 p.m. under new internal regulations. If this rule is violated, a warning will be given [...]
SEOUL, Jun. 14 (Korea Bizwire) — South Korean companies need to improve their strict top-down management structure and culture of frequent after-work drinking if they want to hire talented workers in China, a local trade association said Thursday. In a survey of 465 applicants for jobs in Korean firms operating in China, the Korea International [...]
SEOUL, June 2 (Korea Bizwire) – A slow but noticeable change is coming to South Korea’s once fierce and often authoritative drinking culture. Whiskey sales have struggled with negative growth for eight consecutive years, plummeting from 2.84 million crates (18 500-mililiter bottles) in 2008 to 1.67 million in 2016, while HiteJinro, a major distiller here, [...]
SEOUL, Aug. 22 (Korea Bizwire) – If there’s one thing Koreans are infamous for, it’s a no-holds-barred drinking culture. Bombs (usually soju and beer) after bombs, bar-hopping from one venue to another – drinking is undoubtedly one of the most popular social activities in Korea. With a long-overdue newfound appreciation of alcohol’s apparent downsides, affecting [...]