SEOUL, Jun. 5 (Korea Bizwire) — Around 1 out of every 10 South Korean workers at small and mid-size companies who changed their jobs in 2022 landed new jobs at large conglomerates, data showed Wednesday. The number of registered employees who were eligible for state insurance programs came to 26.06 million in 2022, up 2.2 [...]
SEOUL, Jun. 4 (Korea Bizwire) — Leaders of the southeastern metropolitan city of Daegu, 240 kilometers from Seoul, and the surrounding North Gyeongsang Province on Tuesday agreed on plans to launch an integrated provincial government in 2026 with support from the central government. The agreement was made at a meeting attended by Daegu Mayor Hong [...]
SEOUL, Jun. 5 (Korea Bizwire) — South Korea’s foreign reserves declined in May due to a fall in deposits and the central bank’s foreign currency swap with the country’s national pension fund, central bank data showed Wednesday. The country’s foreign reserves had come to US$412.83 billion as of end-May, down $3.51 billion from the previous [...]
SEOUL, Jun. 5 (Korea Bizwire) — Trainee doctors who left their worksites for months in protest of the government’s medical reform were seen as mostly lukewarm to plans by the government to allow them to seek other career paths or return to hospitals without legal burdens, according to some junior doctors Wednesday. In an apparent [...]
SEOUL, Jun. 5 (Korea Bizwire) — South Korea’s agriculture ministry said Wednesday it has agreed to forge deeper ties with the African Development Bank (AfDB). Agriculture Minister Song Mi-ryung shared ideas on the agenda with AfDB President Akinwumi Adesina in Seoul the previous day on the margins of the two-day Korea-Africa Summit, according to the [...]
SEOUL, Jun. 5 (Korea Bizwire) — President Yoon Suk Yeol said Wednesday that South Korea will establish a critical mineral partnership with major African nations to develop resources on the continent in a “mutually beneficial” way. Yoon made the remark during a business summit attended by industry leaders from South Korea and Africa, an event [...]
POHANG, Jun. 5 (Korea Bizwire) – A new study has found that if current levels of fine dust pollution in South Korea persist, the number of premature deaths caused by fine dust exposure could triple by 2050 compared to present levels. A research team led by professor Lee Hyung-joo from the Department of Environmental Engineering at [...]
SEOUL, Jun. 5 (Korea Bizwire) – South Korea’s leading food delivery platform, Baemin, has announced that its delivery riders working over 40 hours per week earned an average monthly income of 3.93 million won from January to April this year. This figure represents a notable increase of 400,000 won (11.3%) compared to the same period in [...]
ISTANBUL & SEOUL, Jun. 4 (Korea Bizwire) –Turkey has expressed its intention to export the domestically produced Altay tank, which incorporates technology from South Korea’s ‘Black Panther’ (K2) main battle tank, to various European countries. In a recent interview with Turkey’s state-run TRT Haber broadcaster on Friday, Haluk Gorgun, the head of the Defence Industry [...]
SEOUL, Jun. 4 (Korea Bizwire) –A Greenpeace investigation has revealed that parts of the Baekdudaegan protected areas, a crucial ecological corridor on the Korean Peninsula, are being deforested for commercial forestry plantations. In a report titled “Unprotected Protected Areas,” released ahead of World Environment Day on June 5, Greenpeace found that 74,947 hectares of South [...]