SEOUL, July 10 (Korea Bizwire) – Unionized workers at Samsung Electronics Co., staging the biggest labor action in the technology giant’s 55-year history, declared an “indefinite general strike” Wednesday, stepping up pressure over their demand for a pay raise. After a three-day strike scheduled to come to an end Wednesday, the National Samsung Electronics Union [...]
SEOUL, July 10 (Korea Bizwire) – Early repayment charges on loans will be lowered from mid-January next year as financial regulators revised rules, officials said Wednesday. Under the revised rules, lenders will only be allowed to collect the actual cost of making or handling the loans repaid in advance, along with any actual loss stemming [...]
SEOUL, Jul. 10 (Korea Bizwire) – A recent study has revealed that teachers in South Korea face more than twice the risk of developing work-related mental illnesses compared to other civil servants, shedding light on a growing concern in the country’s education sector. The research, published in the latest issue of the international journal Occupational Medicine, [...]
SEOUL, Jul. 10 (Korea Bizwire) – In a significant shift of public opinion, South Koreans have increasingly identified climate change as the most critical environmental issue facing their nation, according to a recent survey. The Korea Environment Institute (KEI) released its “2023 National Environmental Awareness Survey” on July 9, revealing a surge in concern about climate [...]
SEOUL, Jul. 10 (Korea Bizwire) — South Korea began production of the homegrown KF-21 fighter jet Wednesday, the defense procurement agency said, in the latest milestone in the country’s efforts to build an advanced fighter aircraft. A ceremony marking the assembly of the first KF-21 production model took place at Korea Aerospace Industries Ltd. (KAI), [...]
SEOUL, Jul. 10 (Korea Bizwire) — Unionized workers at Samsung Electronics Co., staging the biggest labor action in the technology giant’s 55-year history, declared an “indefinite general strike” Wednesday, stepping up pressure over their demand for a pay raise. After a three-day strike scheduled to come to an end Wednesday, the National Samsung Electronics Union [...]
SEOUL, Jul. 10 (Korea Bizwire) — South Korea has struck a 1.3 trillion-won (US$939 million) deal to supply weapons, including K-9 self-propelled howitzers, to Romania, the state arms procurement agency said Wednesday, the latest in Seoul’s push to clinch major arms export deals. Under the agreement signed Tuesday, South Korean defense giant Hanwha Aerospace will [...]
WASHINGTON, Jul. 9 (Korea Bizwire) — The U.S. special envoy for global youth issues will travel to Korea’s southeastern city of Busan this week to attend the first-ever trilateral youth leadership program involving people from South Korea, the United States and Japan, the State Department said Tuesday. Abby Finkenauer plans to visit Busan from Wednesday [...]
SEOUL, Jul. 10 (Korea Bizwire) — Finance Minister Choi Sang-mok said Wednesday that the government will devise measures to increase housing supply if needed, as South Korea has seen growing volatility in the real estate market. “Volatility has risen in the real estate market as housing prices have gone up in Seoul and some adjacent [...]
SEOUL, Jul. 10 (Korea Bizwire) — South Korea added fewer than 100,000 jobs for the second consecutive month in June due to the slowing growth of manufacturing jobs and the weak construction industry, data showed Wednesday. The number of employed people came to 28.91 million last month, up 96,000 from a year earlier, according to [...]