SEOUL, Oct. 23 (Korea Bizwire) — Beginning October 30, South Koreans will, for the first time, be able to convert death benefits from their life insurance policies into a steady stream of pension-style payments while still alive — a move regulators hope will reshape the country’s aging-era financial landscape. The Financial Services Commission (FSC) announced [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Korea remains one of only two major economies — alongside Japan — where large and small firms receive markedly different levels of tax incentives for research and development (R&D) and where unclaimed credits cannot be directly refunded, according to a new analysis by the Korea Chamber of Commerce and [...]
SEJONG, Oct. 23 (Korea Bizwire) — South Korea’s non-regular workforce has climbed to its highest level on record, surpassing 8.56 million as of August, with older workers driving much of the increase and the wage gap between regular and non-regular employees widening to an all-time high, government data showed Wednesday. According to the National Data Office’s [...]
SEOUL, Oct. 23(Korea Bizwire) — A modest tray of white rice, kimchi stew with tuna, bulgogi, stir-fried potatoes, dried seaweed, cherry tomatoes, and a banana might not seem revolutionary. Yet in South Korea’s evolving disaster management system, this humble combination marks a quiet but meaningful shift. The Korean Red Cross, in partnership with the Ministry of [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Korea will overhaul its market surveillance framework this month, moving from an “account-based” to an “individual-based” monitoring system in an effort to better detect unfair trading and improve enforcement efficiency, financial regulators announced Wednesday. The Financial Services Commission (FSC) said that amendments to the Enforcement Decree of the Capital [...]
JEJU, South Korea, Oct. 23 (Korea Bizwire) — The Jeju provincial government has unveiled a sweeping initiative to eliminate price gouging at tourist attractions and local festivals, following a series of public complaints about overcharging and poor-quality food during recent events. The plan, announced Wednesday after a government–private sector meeting chaired by Vice Governor Kim Ae-sook, [...]
MUAN, South Korea, Oct. 22 (Korea Bizwire) — On the reclaimed coastline of South Jeolla Province, an ambitious experiment in urban design is quietly taking shape. The corporate city of Solasido — a blend of solar, sea, and do (province) — is emerging as South Korea’s latest bid to merge renewable energy with artificial intelligence, drawing [...]
SEOUL, Oct. 22 (Korea Bizwire) — When it comes to fall in Seoul, the city’s palaces reign supreme. A new data analysis by the Seoul Metropolitan Government shows that royal palaces, particularly Gyeongbokgung, dominate as the most talked-about and visited spots among both residents and tourists during the autumn season. The findings, released Wednesday, were drawn [...]
Institutional commitment underscores confidence in STACK’s APAC execution and sustainable growth strategy SINGAPORE, Oct. 23, 2025 (Korea Bizwire) – STACK Infrastructure (“STACK”), the digital infrastructure partner to some of the world’s most innovative companies and a leading global developer and operator of data centers, today announced the successful close of a ¥39.7 billion green financing facility to [...]
Smith+Nephew to continue as UFC’s Preferred Sports Medicine Technology Partner Smith+Nephew (LSE:SN, NYSE:SNN), the global medical technology company, and UFC the world’s premier mixed martial arts organization, have announced a multi-year extension of their landmark worldwide marketing partnership forged in 2024. Under the renewal, Smith+Nephew will continue as UFC’s Preferred Sports Medicine Technology Partner, a [...]