SEJONG, Sept. 29 (Korea Bizwire) – South Korea will revise health insurance coverage for foreign workers starting in October to prevent the misuse of benefits, the government said Tuesday. The Ministry of Health and Welfare and National Health Insurance Corporation said under the changes, foreign nationals who enter the country on a work visa must [...]
SEJONG, Sept. 29 (Korea Bizwire) – South Korea can penalize German automaker Volkswagen AG for cheating on its vehicle emissions under a free trade deal with the European Union (EU), the government said Tuesday. According to the environment ministry, the free trade agreement (FTA) reached between the EU and Asia’s fourth-largest economy and South Korea’s [...]
“The planned satellite launch is the legitimate exercise of independent rights as a sovereign country which no one can slander or infringe upon.” “The South Korean authorities should clearly know that their act of deliberately slandering and challenging the DPRK(Democratic People’s Republic of Korea)’s exercise of its independent rights is nothing helpful to the efforts [...]
SEOUL, Sept. 28 (Korea Bizwire) – Sales of the Soul EV by Kia Motors Corp., South Korea’s second-largest carmaker, ranked first in Germany’s electric vehicle market last month, industry data showed Monday. Kia Motors sold 360 units of the Soul EV last month in Germany, outperforming the A3 3-tron at 177 units and Tesla Model [...]
NEW YORK, Sept. 28 (Korea Bizwire) — President Park Geun-hye has proposed that South Korea and Denmark strengthen cooperation in utilizing Arctic shipping routes, which are becoming more viable as the ice in the region continues to melt due to climate change. Park made the offer during summit talks with Danish Prime Minister Lars Lokke [...]
SEOUL, Sept. 27 (Korea Bizwire) – The number of South Koreans using wearable telecommunications devices reached nearly 240,000 at the end of July, data showed Sunday, amid the rising popularity of smartwatches in the country. According to the data compiled by the Ministry of Science, ICT, and Future Planning, the number of subscribers of wearable [...]
SEOUL, Sept. 27 (Korea Bizwire) – South Korea’s three mobile carriers are estimated to have posted an improved ratio of operating income to total revenue in the third quarter, industry sources said Sunday, as the firms reduced marketing expenditures. The combined sales posted by SK Telecom Co., KT Corp. and LG Uplus Corp. are estimated [...]
NEW YORK, Sept. 27 (Korea Bizwire) – It’s no secret that education was the key to South Korea’s remarkable transformation into one of the world’s largest economies from a poor Asian country. Now, South Korea wants to help provide quality education to people, especially young girls, in poor countries, as part of its efforts to [...]
SEJONG, Sept. 25 (Korea Bizwire) – To prevent the abandonment of pet dogs, the window of time in which owners have to report their pets as lost will be reduced from 30 days to seven days. The current law stipulates that pet owners must report changes that occur to a pet, such as a change [...]
SEOUL, Sept. 25 (Korea Bizwire) — Department stores are undergoing big changes, with specialized retailers or service providers like barbershops and paint shops making appearances inside their spaces. These special shops are appearing as popup stores rather than taking up permanent residence in department stores. The phenomenon is the result of retailers choosing popup stores [...]