SEOUL, June 21 (Korea Bizwire) – The government on Friday ordered low-cost carrier T’way Air to come up with measures to address repeated safety and flight delay issues. The Ministry of Land Infrastructure and Transport said it has conducted a special inspection of T’way Air and has ordered the airline to implement safety measures by [...]
SEOUL, Jun. 20 (Korea Bizwire) — Prime Minister Han Duck-soo said Thursday the government will improve its management of foreign workers to help address labor shortages caused by a declining and aging population. Han made the remark during a government meeting held in the central administrative city of Sejong, saying the government drew up a [...]
SEOUL, Jun. 19 (Korea Bizwire) – In a move to enhance the natural aesthetic of its national parks, South Korea has announced plans to completely remove tire mats installed along hiking trails by 2025. The Korea National Park Service, under the Ministry of Environment, revealed on June 18 that tire mats covering 20.17 kilometers of trails [...]
SEJONG, Jun. 18 (Korea Bizwire) – In the wake of an apartment resident in Busan facing public backlash for displaying the Rising Sun flag on Memorial Day, the Sejong City Council is pursuing an ordinance prohibiting the use of Japanese imperialist symbols in public spaces. According to the city council on June 17, its Administrative Welfare [...]
SEOUL, Jun. 18 (Korea Bizwire) — The Seoul city government will invest 650 billion won (US$471 million) over the next five years to help universities nurture workforces to lead prospective future industries, Seoul Mayor Oh Se-hoon announced Tuesday. The plan aims to boost the city’s global competitiveness by empowering universities in the capital with their [...]
SEOUL, June 17 (Korea Bizwire) – The government will extend the tax cut on fuel for automobiles by an additional two months but lower the cap for the reduction in consideration of global oil prices, inflation and the dwindling tax revenue, the finance ministry said Monday. South Korea has applied a 25 percent discount on [...]
SEOUL, Jun. 17 (Korea Bizwire) — The government on Monday unveiled a series of measures aimed at boosting the nation’s tourism sector amid signs of a robust recovery in the post-pandemic era. The measures, announced during a meeting of economic affairs ministers, including the Ministry of Culture, Sports and Tourism, focus on streamlining entry procedures [...]
SEOUL, Jun. 17 (Korea Bizwire) — South Korea will begin issuing the K-culture training visa for foreigners on a trial basis this year and consider introducing a new workation visa, with the goal of attracting more tourists from overseas, the finance ministry said Monday. It is part of the comprehensive measures presented by the ministry, [...]
SEJONG, Jun. 16 (Korea Bizwire) – The finance ministry announced plans to sell $1.3 billion in foreign exchange stabilization bonds, aiming to attract high-quality SSA (Sovereigns, Supranationals & Agencies) investors. The targeted investor pool includes governments, central banks, international organizations, and policy finance institutions. Foreign exchange stabilization bonds are designed to allow governments to intervene [...]
SEOUL, June 13 (Korea Bizwire) – Personal information processing policies of 49 companies and institutions, which are closely related to people’s daily life, will be evaluated by the government for the first time this year, the state’s data protection watchdog said Thursday. The 49 entities include major tech companies and online shopping malls, such as [...]