SEOUL, Jun. 7 (Korea Bizwire) – Facing intensifying headwinds in the global steel industry, POSCO, South Korea’s largest steelmaker, has reinstated a five-day workweek for its executives, just four months after pioneering a four-day schedule in an attempt to improve work-life balance. According to industry sources, POSCO notified employees last month that senior managers would return [...]
HANOI, Jun. 7 (Korea Bizwire) – As soaring prices and the weakening South Korean won make living costs increasingly untenable, Vietnamese workers in the country are tightening their belts, cutting back on grocery and remittance expenses to make ends meet, according to Vietnamese media reports. Nguyen Phuc Thien, 28, who has worked at a container flooring [...]
SEOUL, Jun. 7 (Korea Bizwire) — Doctors at four major hospitals affiliated with Seoul National University (SNU) are set to stage a walkout from June 17, according to hospital officials on Friday, in a move that would complicate efforts by the government to resolve a protracted walkout by trainee doctors. Medical professors at the four [...]
SEOUL, Jun. 7 (Korea Bizwire) — Unionized workers of Samsung Electronics Co. were set to launch a one-day walkout over wages on Friday, a union official said, in what would be the first walkout at the technology giant. About 28,000 members of the National Samsung Electronics Union (NSEU) were set to collectively take the day [...]
SEOUL, Jun. 7 (Korea Bizwire) – In an ongoing copyright battle over the “Legend of Mir” intellectual property jointly owned by game developers Actoz Soft and WeMade, South Korea’s Supreme Court has ruled that the case should be re-examined based on Chinese law, not domestic regulations. On June 6, it was reported that the Supreme Court’s [...]
SEOUL, Jun. 7 (Korea Bizwire) – South Korea’s prosecutor general has issued a directive calling for stern measures against organized criminal groups, citing growing public concerns over not just traditional gang violence but also newer forms of racketeering like illegal online gambling and private lending rackets. According to sources from legal circles, Prosecutor General Lee Won-seok [...]
SEOUL, Jun. 6 (Korea Bizwire) –A staggering two out of three South Koreans aged 25 to 34 are living with their parents or are financially dependent on them, even if they reside separately, according to a new study on the phenomenon known as the “kangaroo tribe.” Hwang Gwang-hoon, an associate research fellow at the Korea [...]
SEOUL, Jun. 6 (Korea Bizwire) –Nine out of 10 South Koreans perceive the effects of climate change and believe their nation is facing a climate crisis, according to the results of an online survey on climate change released by the Korea Meteorological Administration on June 4. The survey, conducted through the Anti-Corruption and Civil Rights [...]
CHUNCHEON, Jun. 5 (Korea Bizwire) –A proposal to develop Camp Page, a 520,000 square meter former United States military base in the heart of Chuncheon, has sparked a bitter divide within the local community, pitting residents who support the project against those who demand a restart of the process. The site, which has remained largely [...]
SEOUL, June 5 (Korea Bizwire) – Tensions are escalating between factions within Samsung Electronics’ labor unions, with the company’s overarching union alleging misconduct by the National Samsung Electronics Union after it declared an unprecedented strike last month. On the evening of June 3, A, the head of the DX division of Samsung’s enterprise union, posted a [...]