Category: Korea

Sep 17 2024

Hong Kong, Korea, Mainland, Stocks

More than 600 Physical Fitness employees seek government help after closure

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Around 670 employees of Physical Fitness are requesting assistance from the Labour Department (LD) after the Hong Kong gym chain abruptly closed its doors earlier this month, according to Labour...

Sep 14 2024

Hong Kong, Korea, Mainland, Stocks

Claims filed to watchdog over Hong Kong gym chain Physical soar to HK$113 million

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Biggest case received by consumer watchdog involves prepayment of HK$1.86 million for more than 1,900 private classes and 10-year membership The amount involved in complaints filed with the consumer …

Sep 14 2024

Hong Kong, Korea, Mainland, Stocks

For decades, Chinese workers have retired relatively early. That’s about to change

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Hong Kong (CNN) — For decades, Chinese workers have wrapped up … also lay out plans to extend the minimum working period for employees to receive a monthly pension from...

Sep 13 2024

Hong Kong, Korea, Mainland, Stocks

Complaints about Physical Fitness surge as shuttered Hong Kong gym chain’s Wan Chai branch rebrands as Healthy

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A banner for wellness brand Healthy has been erected outside what was until a week ago the Wan Chai branch of gym chain Physical Fitness, as complaints surged following the...

Sep 13 2024

Hong Kong, Korea, Mainland, Stocks

Lawmakers review plan to raise retirement age in fast-greying China

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China’s top legislative body this week assessed an official plan to delay the country’s retirement age, among the world’s lowest, taking a key step towards changing decades-old labour laws and...

Sep 11 2024

Hong Kong, Korea, Mainland, Stocks

Chinese Policymakers Discuss Proposal to Delay Retirement Age

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Reform is urgent with life expectancy in China rising to 78 years by 2021 from about 44 years in 1960, and projected to exceed 80 years by 2050. “It is...

Sep 10 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong gym chain Physical Fitness ‘temporarily’ shuts down after HK$3 million unpaid pensions payments

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Hong Kong gym chain Physical Fitness has announced a “temporary closure” citing high rents, after pensions authorities warned of legal action against the fitness company over HK$3 million outstanding …

Sep 10 2024

Hong Kong, Korea, Mainland, Stocks

Claims against Hong Kong gym chain Physical Fitness reach HK$31m as 8 personal trainers take case to police

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Hong Kong’s consumer watchdog has received 1,000 complaints with claims amounting to about HK$31 million against gym chain Physical Fitness, days after the company announced a “temporary shutdown.” …

Sep 09 2024

Hong Kong, Korea, Mainland, Stocks

The Post breaks down the gym’s financial woes and what safeguards are available to its members

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Hong Kong gym chain Physical announced on Friday that it would shut down after 38 years in business, citing a need to restructure its business. The closure followed a demand...

Sep 09 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s Physical Fitness could permanently close

by News Desk

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Physical Fitness serves over 500,000 people across 23 locations, but that could all end if it doesn’t pay its overdue $3 million MPF.