Buyers beware of flooded cars on used market: experts

After record downpours in Seoul last week, experts warn soaked cars could return to used market in about two months

Acclaimed actor Jung Woo faces fresh challenge on ‘A Model Family’

Actor Jung Woo, who rose to fame after starring in the independent film “Wish” (2009) and tvN‘s hit drama “Reply 1994” (2013), has continued to show his range as an actor with his latest series, “A Model Family.” After playing short-tempered characters in Kakao TV’s web drama “Mad for Each Other” (2021) and crime film “Hot Blooded” (2022), Jung felt that much work would be needed to play a drastically different character l

230,000 job vacancies: Diagnosis and treatment

By Minister of Employment and Labor Lee Jung-sik The number of job vacancies stood at 230,000 as of June 2022 in Korea, the highest since February of 2018. Particularly, labor-intensive industries such as shipbuilding and basic manufacturing industries, and service industries such as restaurants and retailers are seeing an increasing number of unfilled jobs. Labor shortages in shipbuilding and basic manufacturing are getting worse due to dire labor conditions such as dangerous work environmen

Millions of COVID-19 vaccines have been wasted: report

More than five million doses of COVID-19 vaccines have been discarded in South Korea, according to a report released by the National Assembly on Thursday. More vaccines, however, are expected to be discarded with their expiration dates approaching. The issue of COVID-19 vaccines going to waste is likely to continue as more are scheduled to arrive in South Korea by the end of this year. According to the National Assembly Budget Office, the country discarded a total of 5.29 million doses of C

Samsung suffers heavier taxes, hiring costs than TSMC: think tank

The heavier burden of corporate taxes and cost per hire are weighing on South Korean chipmaking giants like Samsung Electronics, indicating the unfavorable conditions leave them behind competitors like Taiwan-based TSMC amid intensifying semiconductor competition worldwide, according to a local think tank Wednesday. Korea has set the maximum rate of corporate tax at 25 percent -- imposed on taxable income of large business entities like Samsung -- as a result of a tax hike by 3 percentage poin

[Newsmaker] Samsung foldables to get chipset upgrade

Preorders of Z Flip 4, Z Fold 4 to start Tuesday with official launch set for Aug. 26

[MARKET EYE] Insurers brace for bumper bill on growing reports of flooded cars

Estimated damage totaling W97.7b on nearly 8,000 submerged cars drags insurers’ stock prices down

70m Pokemon bread sales provide record Q2 revenue for SPC Samlip

South Korean confectionery company SPC Samlip said Wednesday that it had posted an all-time high sales record of over 800 billion won ($611.4 million) in the second quarter, driven by the popularity of its Pokemon Bread, of which the company sold 70 million packs for the last six months. The company’s second-quarter sales surged on-year by 14 percent to 814.9 billion won, while its net profit skyrocketed by 61.5 percent to 23.5 billion won in the cited period. Key growth drivers were its