S. Korea: new law to bring to light widespread but overlooked problem of workplace bullying
A new law designed to prevent bullying in the workplace is set to go into effect in South Korea this week, setting the stage for victims of harassment at work to get some protection. A revised law on labor standards, commonly called the workplace anti-bullying law, will be effective starting Tuesday, after a six-month grace […]
South Korea’s legend BTS to perform in Saudi Arabia in “Love Yourself: Speak Yourself” world tour
BTS, the first and only South Korean band to top the U.S. Billboard 200, has added Saudi Arabia to their world tour “Love Yourself: Speak Yourself”. The group has posted on its website that it would be performing in the Saudi capital Riyadh at King Fahad International Stadium on October 11. BTS will be the […]
S. Korea: Woori to launch center for pension fund management
Woori Bank will open a center for pension fund management Monday, to improve its customers’ return on assets, the bank said Friday. According to Woori, the center will be a comprehensive consulting center staffed by 30 advisors specializing in private banking. The bank’s division for pension funds will be in charge of its operation. In order […]
S. Korea to raise minimum wage for next year by 2.9 pct
South Korea decided Friday to raise the minimum wage for next year by 2.9 percent, the slowest growth in a decade, as it took into account an economic slowdown and sluggish job growth. The Minimum Wage Commission, involving labor and business representatives and experts, set the minimum wage at 8,590 won (US$7.32) per hour for […]
Busan subway workers end strike after pay raise deal
Subway workers in the southern city of Busan ended their two-day strike Thursday after the labor union and management reached a wage deal. Busan Transportation Corp., the city-run operator of the subway system, agreed with the union to raise wages 0.9 percent and hire 540 new workers. The members of the labor union went on […]
Seoul seeks US backing over trade war
Calls are growing for the United States to intervene in the deepening trade friction between South Korea and Japan after Japan’s Prime Minister Shinzo Abe imposed new restrictions on exports that could hurt South Korea’s tech industry. Thoughts are that if tensions continue to escalate, cooperation outside bilateral economic relations such as coordinating “in efforts […]
Royal reception hall of late Joseon Dynasty opens to public
A royal reception hall of the Joseon Dynasty (1392-1910) was opened to the public Wednesday after four years of restoration. Practically wrapping up the restoration of Heungbokjeon, an annex at Gyeongbok Palace, where King Gojong used to greet foreign delegations and study when he was on the throne from 1863 to 1907, the Cultural Heritage […]
Seoul, Mexico City ink pact on strategic, mutually beneficial relationship
The mayors of Seoul and Mexico City agreed Tuesday to elevate the friendly relationship between the two capitals to a strategic and mutually beneficial one. Seoul Mayor Park Won-soon met with Mexico City Mayor Claudia Sheinbaum at her office in the Mexican capital and signed an agreement to strengthen cooperation and exchanges based on the […]
Seoul eyes price ceiling on privately built new apartments to curb housing prices
In what could be the strongest measure ever to clamp down on housing prices, South Korea is cautiously moving to revive the controversial scheme to cap presale prices of privately built apartments, which could have a far-reaching impact on the local home market, industry sources said Wednesday. In a parliamentary report on Monday, Land, Infrastructure […]
Moon: Gov’t to spend 849 bln won for information security
President Moon Jae-in said Wednesday his administration will spend 848.5 billion won (US$718 million) by 2022 to bolster information security. “By strengthening the foundation of information protection, (the government) will protect the core infrastructure of the Fourth Industrial Revolution era such as big data, artificial intelligence and Internet of Things,” he said in a speech […]
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