SEOUL, Jan. 5 (Korea Bizwire) — The latter half of last year was marked by a rash of high profile accidents that have made public safety a major concern for South Korean society. Among the high profile incidents in the previous two months were a rare 5.4-magnitude earthquake that rocked the southeastern city of Pohang [...]
SEOUL, Jan. 2 (Korea Bizwire) — Bullying in the workplace, bullies online and too many hours spent on the job. These three are some of the social issues that South Koreans would desperately like to see addressed in 2018. Cases of “gapjil”, a Korean euphemism referring to the abuse of an individual’s or organization’s power [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s working-age population is shrinking much faster than in other countries after hitting its peak in 2016, a report said Tuesday. According to the Health and Welfare Forum published by the Korea Institute for Health and Social Affairs (KIHASA), only the under-40 population was projected to drop among [...]
SEOUL, Dec. 19 (Korea Bizwire) – In a bid to boost domestic travel via public transport and attract more foreign tourists to the outer provinces, the government is set to introduce an all-in-one pass that simplifies the logistics aspect of touring South Korea. The Ministry of Land, Infrastructure and Transport made it official by announcing [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Korea’s chip and semiconductor firms performed well throughout 2017 to set record-breaking earnings, industry watchers said Monday, while the diplomatic row with Beijing dealt a harsh blow on tourism and automobile businesses. The country’s tech giants saw their earnings soar throughout this year due to the global boom [...]
SEJONG, Dec. 15 (Korea Bizwire) — The head of South Korea’s antitrust watchdog said he expects the country’s large businesses groups to voluntarily reform their cobweb-like family-run governance structures to meet market expectations and promote fair competition. “I once again reaffirm that I will never be pushy and coercive in carrying out reform on conglomerates,” [...]
SEJONG, Dec. 15 (Korea Bizwire) — North Korea’s per capita income was estimated at 1.46 million won (US$1,340) in 2016, slightly up from 1.39 million won a year earlier, but was about 3.8 percent that of South Korea’s, government data showed Friday. According to data by Statistics Korea, North Korea’s nominal gross national income (GNI) [...]
SEOUL, Dec. 7 (Korea Bizwire) — South Korea ranks eighth in terms of gross domestic product among the 32 countries which qualified for the 2018 FIFA World Cup in Russia, government data showed Thursday. South Korea, whose FIFA ranking is 59th, had a GDP of US$1.41 trillion last year, according to the data by Statistics [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea has become the world’s sixth largest exporter, moving up two notches from 2016, on the back of brisk sales of memory chips and a rally in oil prices, the trade ministry said Tuesday. Exports by Asia’s fourth-largest economy jumped 16.5 percent in the first 11 months of [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea and Russia agreed Wednesday to cooperate closely in exploring Arctic sea routes, the foreign ministry here said. The two countries held their first Arctic Consultation in Seoul earlier in the day, headed by South Korean Amb. for Arctic Affairs Kim Young-jun and his Russian counterpart Amb. Vladimir [...]