SEOUL, Jun. 26 (Korea Bizwire) — The South Korean government announced on Sunday plans to allow citizens to propose policy through rap music as part of an event scheduled to be held on Saturday at Gwanghwamun 1st Street. Dubbed ‘The People’s Rhyme’, the event on Sejong-ro will be held at 7 p.m. on July 1 as [...]
SEOUL, Jun. 26 (Korea Bizwire) — A new study has been published that links the traditional male-breadwinner model to the low birth rate in South Korea. According to a report on social care from the Korea Institute for Health and Social Affairs released on Sunday, most South Korean households fell under the category of the male-breadwinner [...]
SEOUL, June 26 (Korea Bizwire) – Samsung Electronics Co. is expected to announce a plan to build a new production facility in the United States during President Moon Jae-in’s visit to Washington this week, industry sources said Monday. “As Samsung’s plan to build a factory for home appliances is virtually fixed, it is likely the [...]
SEOUL, June 26 (Korea Bizwire) – South Korea will launch a project later this year to provide 300,000 rental homes to jobseekers that can help ease the financial burden of young people, the land and infrastructure ministry said Monday. The rental homes will be supplied gradually during the President Moon Jae-in’s five-year term that began [...]
SEOUL, June 26 (Korea Bizwire) – The housing market in Seoul and its adjacent areas are in an expansion phase, South Korea’s central bank said Monday, a move that has prompted the government to crack down on speculative real estate investments. The Bank of Korea (BOK) said in a report that the housing prices in [...]
SEOUL, Jun. 24 (Korea Bizwire) — When it comes to cell phone bills in South Korea, the overwhelming public sentiment is that people think they are paying too much at the moment. The row between the government and telecom companies over efforts to reduce phone bills in recent years mirrors the frustration very palpable in a [...]
SEOUL, June 23 (Korea Bizwire) – A group of North Korean taekwondo officials and athletes arrived in South Korea on Friday for soon-to-be historic performances at the world championships. Amid much fanfare at Gimpo International Airport in Seoul, the International Taekwondo Federation (ITF) delegation of 36, led by its president Ri Yong-son, arrived south of [...]
SEOUL, Jun. 23 (Korea Bizwire) — As President Moon has encouraged more employers to embrace anonymous recruitment in both the public and private sectors, to bring about a more equitable society, an increasing number of companies are adopting so-called blind recruitment policies. Recruitment portal Saramin is among the forward-thinking companies to join the movement, as [...]
BRAZIL, Jun. 23 (Korea Bizwire) — South Korean manufacturer Hanbyul ENC has landed a business deal in Brazil that will see the company build platform screen doors for the Santos subway. According to the Electronics and Telecommunications Research Institute (ETRI), the small South Korean company was able to win the contract thanks to the help [...]
SEOUL, June 23 (Korea Bizwire) – SK Group Chairman Chey Tae-won said Friday its semiconductor arm’s move to join the acquisition of Toshiba Corp.’s chip business is “not finished,” hinting there are still challenges moving forward. The remark came as a global consortium including South Korea’s SK hyinx Inc. was tapped as the preferred bidder [...]