South Korea: women executives almost nonexistent at public companies
Only one of the 163 senior executives at public firms is a woman, and such a dearth is not likely to end soon due to a lack of women who are in a position to be promoted to the C suite, an analysis showed Wednesday. Corporate appraiser CEO Score surveyed 35 state firms and found […]
POSCO to spend 1.1 tln won on fine dust reduction
POSCO, South Korea’s leading steelmaker, said Tuesday that it plans to spend some 1.1 trillion won (US$984 million) by 2021 to sharply reduce fine dust. Under the plan, some 700 billion won will be spent to remodel or newly build its 21 power-generating facilities for a sharp reduction of fine dust and other environmentally harmful […]
LG Uplus stresses 5G security amid Huawei concerns
LG Uplus Corp., South Korea’s third-largest mobile carrier, said Monday that it will step up security measures on its 5G network that uses Huawei’s equipment, addressing concerns over the Chinese telecom gear maker that’s facing possible bans around the world. LG Uplus CEO Ha Hyun-hoi tried to assuage concerns of its 5G network ahead of […]
S. Koreans traveling more but spending less
South Koreans traveling overseas spent a record amount last year, but spending per person declined, central bank data showed Wednesday. The current account for last year showed travel expenditures of US$31.97 billion, the highest since recordkeeping began in 2006. Past figures show increases from $15 billion in 2009 to $20 billion in 2012, $25 billion […]
S. Korea to allow imports of medical cannabis starting in March
South Korea will allow imports of medical cannabis starting next month, health authorities said Tuesday, as part of efforts to provide more treatment options for patients with rare diseases. The Ministry of Food and Drug Safety said the National Assembly has passed a bill to amend a relevant law to allow imports and exports […]
S. Korea ranks top in number of low-paid women workers
South Korea remained the top country where women workers face low wages, a report from the Organization for Economic Cooperation and Development (OECD) said Monday. Data from 2017 showed that 35.3 percent of female workers in South Korea were being paid low wages. Employees who were getting less than two-thirds of the median income of […]
Seoul Motor Show losing appeal among carmakers
Korea’s largest car exhibition, Seoul Motor Show, is losing support from carmakers and parts suppliers as the show is no longer effective for promoting their products or provide new experience to visitors, according to industry officials Wednesday. They also criticized the organizers for still being obsessed with the number of new cars unveiled or other […]
South Korea: 2 killed, 70 injured in Daegu sauna fire
Two people died and more than 70 were injured in a fire at a sauna in Daegu, Tuesday morning. According to Daegu Fire and Safety Department, the fire started in a sauna on the fourth floor of a seven-story building at around 7 a.m. More than 50 fire trucks with 145 firefighters were mobilized to […]
South Korea: gov’t under fire for ‘China-style’ internet censorship
The Korean government is under massive criticism after blocking access to hundreds of porn and gambling sites by opening up user data packets ― a method some people believe opened the door to China-style internet censorship. The Korea Communications Standards Commission (KCSC), an internet censorship body, said on Feb. 11 that it had blocked access […]
Seoul plans marathon at DMZ in Olympics with Pyongyang
Olympic runners and cyclists may be able to compete inside the heavily fortified demilitarized zone (DMZ), according to a working draft of Seoul’s bid to co-host the 2032 Olympics with Pyongyang. The Seoul Metropolitan Government says the DMZ ― a symbol of painful division and the ongoing military standoff between the two Koreas ― is […]
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