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270,000 Insurance Subscriptions for High Blood Pressure in Past 10 Months

270,000 Insurance Subscriptions for High Blood Pressure in Past 10 Months

SEOUL, Mar. 21 (Korea Bizwire) — The Financial Supervisory Service (FSS) announced on Wednesday that there have been 270,000 medical insurance subscriptions over the past 10 months for a new insurance policy that was launched last year. The insurance policy, which was released in April of last year, is a product with a lowered threshold [...]

170 Foreigners Acquired Permanent Residence Through Investment from 2010 to 2017

170 Foreigners Acquired Permanent Residence Through Investment from 2010 to 2017

SEOUL, Mar. 18 (Korea Bizwire) — Chinese account for 93 percent of all foreigners who acquired permanent residence in South Korea through investment, according to the IOM Migration Research and Training Center. The center revealed that in the 2010 to 2017 period, there were 1,901 cases of foreigners acquiring an Korean residence visas through investment. [...]

FSS to Begin Trial Service of AI App to Fight Phone Scams

FSS to Begin Trial Service of AI App to Fight Phone Scams

SEOUL, Mar. 17 (Korea Bizwire) — South Korea’s financial watchdog said Sunday it will launch a trial service of an artificial intelligence (AI) app to help people better combat telephone scams. The AI app, which will be available for customers of state-run Industrial Bank of Korea for three months from Monday, offers real-time voice analysis [...]

Market Cap of Entertainment Agencies Nosedives on K-pop Sex Scandal

Market Cap of Entertainment Agencies Nosedives on K-pop Sex Scandal

SEOUL, Mar. 17 (Korea Bizwire) — The combined market capitalization of major listed entertainment agencies sharply lost ground since a sex scandal surrounding K-pop stars rose to the surface last month, market data showed Sunday. The combined market capitalization of the top five listed entertainment agencies plunged around 600 billion won (US$527 million) on Friday [...]

South Korea’s Income Gap is Worsening

South Korea’s Income Gap is Worsening

SEOUL, Mar. 11 (Korea Bizwire) — The polarization of the South Korean economy has been accelerating ever since the country was stricken by the so-called IMF Crisis in 1997, which led to the introduction of neoliberal policies. The income gap among households has further widened over the last 20 years and is now ranked as [...]