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“Nanta” Director Named Creative Chief for PyeongChang Winter Olympics Ceremonies

“Nanta” Director Named Creative Chief for PyeongChang Winter Olympics Ceremonies

SEOUL, July 2 (Korea Bizwire) — South Korean actor-turned-director Song Seung-whan on Thursday was named the creative chief of the opening and closing ceremonies for the 2018 PyeongChang Winter Olympics. The organizing committee announced that Song, currently the CEO and executive artistic director of Seoul-based PMC Production, will serve as executive creative director of the [...]

Four out of 10 Big Firms’ Staff Are Irregular Workers

Four out of 10 Big Firms’ Staff Are Irregular Workers

SEOUL, July 1 (Korea Bizwire) – The larger companies are, the more they hire irregular workers including contract and outsourced workers, highlighting the fact that big firms are contributing to instability in levels of job security rather having a steadying effect. According to Ministry of Employment and Labor data on types of employment at 3,233 companies [...]

One-stop Inheritance Verification Available to Avoid Mass Debt Passing

One-stop Inheritance Verification Available to Avoid Mass Debt Passing

SEOUL, July 1 (Korea Bizwire) – From now on, one can verify the amount of inheritance including debt from the dead when the death is reported to authorities. In the past, inheritance verification required a number of inconvenient visits to several related offices. The Ministry of Government Administration and Home Affairs announced that it had begun [...]

Korean Gov’t to Push Development and Commercialization of Vacuum Insulator Glass

Korean Gov’t to Push Development and Commercialization of Vacuum Insulator Glass

SEOUL, July 1 (Korea Bizwire) – The Korean government will start a project to develop high functioning, low-cost vacuum adiabatic glass, a super-insulator glass, said the Ministry of Science, ICT and Future Planning on June 30. The project is one of seven new technologies to be supported by the government, selected from 159 candidate projects. [...]

3 Revised Welfare Laws Take Effect, Enable Beneficiaries to Receive Tailored Support

3 Revised Welfare Laws Take Effect, Enable Beneficiaries to Receive Tailored Support

SEOUL, July 1 (Korea Bizwire) – Three revised welfare laws that enable citizens to receive ‘tailored’ welfare benefits varying upon general livelihood, housing, health and education, took effect on July 1. Korea’s national basic livelihood security supported individuals in need by selecting them on the basis of the minimum cost of living. The Ministry of [...]

Airbus Beats Out Boeing, Sells 4 Tankers to Korean Air Force

Airbus Beats Out Boeing, Sells 4 Tankers to Korean Air Force

SEOUL, July 1 (Korea Bizwire) – The Korean Air Force has decided to buy four of Airbus D&S’ in-flight tanker, the A330 MRTT, in a somewhat unexpected choice to pick a European and not an American aircraft. Kim Si-cheol, a representative of the Defense Acquisition Program Administration (DAPA), said on June 30 that the administration mulled over [...]