INCHEON, Jan. 3 (Korea Bizwire) – On the first day of 2024, a joyous event took place at the Gachon University Gil Hospital: the birth of a healthy baby girl weighing 3.4 kg. The newborn, affectionately nicknamed ‘Horam’, combines the characters ‘Ho’ from her father Choi Ho-kyu (40) and ‘Ram’ from her mother Kim Bo-ram (36). [...]
SEOUL, Jan. 2 (Korea Bizwire) – Drug addicts and sexual offenders will be banned from working in the social service sectors from next year, the health ministry said Tuesday. Under the revised law, those who have not completed their sentences after being charged with drug addiction or sexual assault charges will be banned from providing [...]
SEOUL, Dec. 30 (Korea Bizwire) – The government will launch a “workation” visa next year to allow foreigners to travel across the country while working remotely, officials said Friday. The justice ministry said it will start issuing “digital nomad,” or “workation,” visas to foreigners with over a year of work experience in the same industry, [...]
SEOUL, Dec. 29 (Korea Bizwire) — The hiring of foreigners will be further expanded in South Korea’s labor-intensive industries, beginning next year, the government said Friday, finalizing a plan to bring in an all-time high of 165,000 non-professional migrant workers in 2024 to tackle growing labor shortages. Hotels, condos and restaurants, among others, will be [...]
SEOUL, Dec. 28 (Korea Bizwire) — The culture ministry said Thursday it will move away from one-time, small grants distributed to a wide range of artists toward more targeted and impactful support for large-scale projects over the years. The shift aims to enhance the capabilities of the art world and bolster the country’s cultural presence [...]
SEOUL, Dec. 28 (Korea Bizwire) — A pivot in monetary tightening modes, weak domestic demand and uncertainties over the property market may pose risks to financial stability, although the country’s financial system remains relatively stable, a central bank report showed Thursday. In its report on financial stability, the Bank of Korea (BOK) said market expectations [...]
SEOUL, Dec. 27 (Korea Bizwire) — The culture ministry announced Wednesday it will not grant copyright registration to artificial intelligence (AI)-generated content, drawing a clear line on the controversial issue of whether to legally recognize the creativity of such content. The Ministry of Culture, Sports and Tourism unveiled the plan as part of a set [...]
SEOUL, Dec. 27 (Korea Bizwire) — The National Election Commission (NEC) said Wednesday it will introduce a manual ballot counting system for general elections in April in an effort to ensure transparency and prevent potential election rigging. Currently, machines are used to sort out and count votes. Under the envisioned new system, however, ballots will [...]
SEOUL, Dec. 28 (Korea Bizwire) – The escalation of drug crimes in South Korea is anticipated to pose growing societal concern in the upcoming year, primarily attributed to the proliferation of online drug distribution channels that gained traction during the coronavirus pandemic. On December 27, the Institute of Public Security Policy at the National Police University [...]
SEOUL, Dec. 27 (Korea Bizwire) — The government will invest 1.5 trillion won (US$1.16 billion) to ensure industrial safety for small companies with fewer than 50 employees, officials said Wednesday. The plan was announced as the government and the ruling People Power Party are seeking an additional two-year grace period for such small firms from [...]