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South Korea to Boost Transparency in Corporate Mergers with New Disclosure Rules

South Korea to Boost Transparency in Corporate Mergers with New Disclosure Rules

SEOUL, Mar. 5 (Korea Bizwire) –The Financial Services Commission (FSC) announced plans to intensify disclosure requirements related to mergers among publicly listed companies. Under the proposed amendments to the Enforcement Decree of the Financial Investment Services and Capital Markets Act and the Regulations on Issuance and Disclosure of Securities, listed companies will be mandated to [...]

Gimhae Unveils Comprehensive Support Plans for Foreign Residents and Multicultural Families

Gimhae Unveils Comprehensive Support Plans for Foreign Residents and Multicultural Families

GIMHAE, Mar. 5 (Korea Bizwire) –The city of Gimhae in South Gyeongsang Province, home to over 20,000 registered foreign nationals, announced on March 4 its commitment to facilitating the stable settlement of foreign residents and multicultural families through a variety of supportive measures.   The city has decided to extend its foundational learning support for [...]

Health Minister Says No Change in Principle against ‘Illegal’ Labor Action by Trainee Doctors

Health Minister Says No Change in Principle against ‘Illegal’ Labor Action by Trainee Doctors

SEOUL, Mar. 4 (Korea Bizwire) — Health Minister Cho Kyoo-hong said Monday there is no change in the government’s principle against “illegal” labor action by trainee doctors, warning that the government would begin legal steps to punish those who defy an order to return to work. Thousands of trainee doctors remained off their jobs at [...]

Wildlife in Peril: Concrete Canals Become Death Traps Despite New Safety Laws

Wildlife in Peril: Concrete Canals Become Death Traps Despite New Safety Laws

DANGJIN, Mar. 4 (Korea Bizwire) – Large agricultural waterways are turning into lethal traps for wildlife such as water deer and raccoons, despite laws enacted last year mandating the creation of escape routes. In a recent field report from Dangjin, South Chungcheong Province, the harrowing sight of a water deer trapped in a concrete canal over [...]

North Chungcheong Province Defies National Decline with Rise in Births and Fertility Rate

North Chungcheong Province Defies National Decline with Rise in Births and Fertility Rate

CHEONGJU, Mar. 1 (Korea Bizwire) – In a remarkable departure from national trends, North Chungcheong Province emerged as the sole region among South Korea’s 17 provinces and cities to record an increase in both the number of newborns and the total fertility rate in 2022. According to data from Statistics Korea, North Chungcheong Province witnessed [...]

Seoul Water Recycling Facilities Corporation Launches YouTube Series with a Virtual Tour of Sewage Treatment Facilities

Seoul Water Recycling Facilities Corporation Launches YouTube Series with a Virtual Tour of Sewage Treatment Facilities

SEOUL, Mar. 1 (Korea Bizwire) – The Seoul Water Recycling Facilities Corporation (SWR) has taken an innovative step towards environmental education by unveiling a virtual tour of its facilities on YouTube, starting with the first installment focusing on sewage treatment plants. Recognizing the challenges citizens face in visiting such critical but inaccessible infrastructure sites, the [...]

Seoul to Transform Jamsugyo Bridge into Han River’s First Pedestrian-Only Bridge by 2026

Seoul to Transform Jamsugyo Bridge into Han River’s First Pedestrian-Only Bridge by 2026

SEOUL, Feb. 29 (Korea Bizwire) – The Seoul Metropolitan Government has announced an ambitious plan to convert Jamsugyo Bridge into the Han River’s inaugural pedestrian-only bridge, as part of the “Great Han River Project.” This initiative aims to offer a new way to experience the river by allowing individuals to walk across it, enhancing accessibility [...]

Punitive Steps Loom as Most Trainee Doctors Show Little Signs of Return on Deadline Day

Punitive Steps Loom as Most Trainee Doctors Show Little Signs of Return on Deadline Day

SEOUL, Feb. 29 (Korea Bizwire) — Most trainee doctors who walked off their jobs to protest against the government’s policy showed little sign of going back to work on Thursday, a deadline set by the government for them to return to work or they will face suspension of licenses and even indictment. About 9,000 trainee [...]

Nearly 300 Trainee Doctors Return to Work between Tuesday and Wednesday

Nearly 300 Trainee Doctors Return to Work between Tuesday and Wednesday

SEOUL, Feb. 29 (Korea Bizwire) — Nearly 300 trainee doctors who walked off their jobs to protest the government’s plan to increase medical school admissions returned to work during the night between Tuesday and Wednesday, an official said Thursday. The 294 were tallied as of 11 a.m. Wednesday in a survey of 100 key teaching [...]

Interior Minister Renews Calls for Trainee Doctors to Return to Work

Interior Minister Renews Calls for Trainee Doctors to Return to Work

SEOUL, Feb. 29 (Korea Bizwire) — Interior Minister Lee Sang-min renewed calls for trainee doctors to return to work Thursday as the government-set deadline is set to expire later in the day for their return from a walkout protesting the government’s medical school quota hike plan. The government has given thousands of interns and resident [...]