SEOUL, Oct. 2 (Korea Bizwire) – The South Korean Fair Trade Commission (FTC) has initiated regulatory action against AliExpress, the popular Chinese online shopping platform, over allegations of false advertising. On September 30, the FTC sent a report detailing potential sanctions to an AliExpress affiliate responsible for product sales. The commission determined that the company’s advertisements, [...]
SEOUL, Sept. 30 (Korea Bizwire) – A majority of South Koreans are willing to cut their annual consumption by 15% or more to combat global warming, according to a recent international survey that highlights the country’s growing environmental consciousness. The Korea Institute for Health and Social Affairs released a report comparing climate change perceptions across 10 [...]
SEOUL, Sept. 30 (Korea Bizwire) – South Korean consumers are grappling with a lack of transparency in food delivery pricing as major restaurant chains implement higher charges for delivery orders without clear disclosure. This practice, known as “dual pricing,” has sparked a debate about consumer rights and fair business practices in the country’s booming food delivery [...]
SEOUL, Sept. 30 (Korea Bizwire) – A recent study has uncovered evidence of coordinated efforts to sway public opinion on South Korean online platforms through comments suspected to originate from China. The research, focused on industries where South Korea and China are in fierce competition, such as electric vehicles, batteries, and e-commerce, reveals a pattern of [...]
SEOUL, Sept. 28 (Korea Bizwire) – In a bid to safeguard its reputation as a premier travel destination, the Seoul Metropolitan Government has launched an undercover operation to investigate low-cost tour packages sold overseas. The initiative aims to curb the spread of so-called “dumping tourism,” which officials fear could tarnish the city’s image and lead to [...]
SEJONG, Sept. 28 (Korea Bizwire) – A recent government report reveals that more than one in three elderly South Koreans living alone have no one to talk to, highlighting a growing crisis of isolation among the country’s aging population. Statistics Korea released its 2024 Elderly Statistics report on September 26, painting a stark picture of the [...]
SEOUL, Sept. 27 (Korea Bizwire) – For the first time in its history, Samsung Electronics, the South Korean tech giant, has more employees aged 40 and above than those in their 20s, according to a recent analysis. This demographic shift underscores a rapidly aging workforce at one of the world’s leading technology companies. The Korea CXO [...]
SEOUL, Sept. 25 (Korea Bizwire) – As the South Korean government moves to address medical shortages by allowing foreign-licensed doctors to practice, new data reveals that only 54.5% of foreign medical school graduates passed a key qualifying exam, raising concerns about the quality of care such a policy might introduce. The preliminary examination for medical licenses, [...]
SEOUL, Sept. 24 (Korea Bizwire) – The U.S. government’s decision to phase out the sale of vehicles using Chinese or Russian software and components in autonomous driving and communication systems has drawn attention to its potential impact on South Korean automakers and parts suppliers. Industry analysts predict that this move by the U.S. administration could prove [...]
SEJONG, Sept. 23 (Korea Bizwire) – A stark revelation about the economic struggles of South Korea’s self-employed population has emerged from recent tax data, showing that nearly 75% of individual business owners reported monthly incomes below 1 million won in 2022. The figures, released by the National Tax Service and analyzed by Representative Park Sung-hoon of [...]