SEOUL, May 26 (Korea Bizwire) — Large companies in South Korea cut their workforce nearly 1 percent in 2020 from a year earlier in the wake of the coronavirus pandemic, a corporate tracker said Wednesday. According to CEO Score, 309 out of the country’s top 500 corporations had a combined headcount of 1,203,835 as of [...]
SEOUL, May 25 (Korea Bizwire) — Amid the raging coronavirus pandemic, teenagers have turned out to receive most stress from ‘anger towards others’. The state-run Korea Youth Counseling and Welfare Institute conducted an online survey of 862 teenagers and young adults between 9 and 24 years of age, in which ‘anger towards others’ scored 3.76 [...]
SEOUL, May 25 (Korea Bizwire) — About 1 in 3 young South Koreans picked the outbreak of COVID-19 pandemic as the biggest source of social anxiety last year, a poll showed Tuesday. The survey by Statistics Korea showed 32.2 percent of Koreans aged between 13 and 24 said they viewed the outbreak of the pandemic [...]
SEOUL, May 25 (Korea Bizwire) — The government is on track to make it easier for commercial tenants who shut down their business due to the COVID-19 pandemic to cancel their rent contracts. The Ministry of Justice issued an advance legislation notice concerning a revision of the Commercial Building Tenant Protection Act. The revision stipulates [...]
SEOUL, May 20 (Korea Bizwire) — Major hotels in South Korea are turning to a variety of rather unusual marketing strategies to attract customers amid the pandemic. The Millennium Hilton Seoul is offering a 50 percent discount on its lunch buffet for recipients of the COVID-19 vaccine and their companions on weekdays until June 30. [...]
SEOUL, May 19 (Korea Bizwire) — Demand for high-end home appliances is rising with Koreans continue to opt to stay indoors away from the coronavirus. South Korean online shopping site Auction sold 630 percent more four-door refrigerators and 165 percent more 86-inch televisions between May 1 and 16 compared to the same period last year. [...]
SEOUL, May 19 (Korea Bizwire) — Fitness centers are dealing with significant losses after seeing their operations restricted by the central government as part of coronavirus containment measures. SG Lab, a research arm of the South Korean real estate marketing firm, reported that according to statistics provided by the Ministry of Interior and Safety, 214 [...]
SEOUL, May 19 (Korea Bizwire) — South Korea’s six major travel agencies cut some 15 percent of their workforce over the past year as travel demand has taken a massive hit from the COVID-19 pandemic, data showed Wednesday. At the end of March, six listed travel firms had a total of 4,268 employees, down 15.4 [...]
SEOUL, May 17 (Korea Bizwire) — The number of visitors to major amusement and theme parks across the country decreased sharply last year due to the coronavirus pandemic, data showed Monday. According to data from the state-run Korea Culture and Tourism Institute, attendance at Lotte World in southern Seoul stood at 1.56 million in 2020, [...]
SEOUL, May 12 (Korea Bizwire) — South Korean movie theaters on Wednesday called on the government to come up with more practical financial measures to rescue the sector that has been in the doldrums for more than a year amid the prolonged COVID-19 pandemic. The country’s cinema chain association, whose members include three major multiplexes [...]