SEOUL, Mar. 7 (Korea Bizwire) — Nurses will be allowed to perform CPR and administer medication for emergency patients beginning Friday, officials have said, as part of the government’s efforts to cope with disruptions of medical services due to the ongoing mass walkout by trainee doctors. The guidelines by the Ministry of Health and Welfare [...]
SEOUL, Mar. 7 (Korea Bizwire) — The Green Climate Fund (GCF), an international organization on fighting climate change, has approved US$490 million in funding for projects on low emissions and climate resilience in 23 developing nations, South Korea’s finance ministry said Thursday. During a three-day board meeting in Rwanda that began Monday, the board of [...]
WASHINGTON, Mar. 6 (Korea Bizwire) — U.S. officials’ recent focus on the idea of “interim steps” for a path towards North Korea’s ultimate denuclearization is raising a flurry of questions about their intentions and the direction of America’s policy on the recalcitrant regime. The idea has come into the spotlight in South Korea as some [...]
SEOUL, Mar. 6 (Korea Bizwire) – In an unprecedented move rippling through South Korea’s healthcare system, hospitals—including the prestigious “Big 5″ medical centers in Seoul—are grappling with a dire shortage of resident physicians by instituting unpaid leave for their staff. This drastic measure, a direct fallout from a significant decrease in patient admissions and surgical procedures, [...]
SEOUL, Mar. 6 (Korea Bizwire) – In response to the growing care service staff shortage, the Bank of Korea (BOK) has suggested employing foreign workers and applying a differential minimum wage to mitigate the issue, sparking discussions about its feasibility. Labor unions criticize this measure as a temporary solution, highlighting the need to improve the conditions [...]
SEOUL, Mar. 6 (Korea Bizwire) — The financial regulator said Wednesday it will work to quickly provide up to 5 trillion won (US$3.75 billion) in financial support to local firms this year, while pushing to create an additional 3 trillion-won investment fund for businesses. The government earlier announced plans to provide more than 76 trillion [...]
SEOUL, Mar. 6 (Korea Bizwire) — Police have passed strengthened regulations to lower noise from rallies and demonstrations and allow the use of drones to collect evidence of any illegal acts during such assemblies, officials said Wednesday. The revision to the enforcement decree of the Assembly and Demonstration Act was approved Monday as part of [...]
DAEGU, Mar. 5 (Korea Bizwire) – The city of Daegu in North Gyeongsang Province is set to welcome a ‘mini city’ designed for the pre-emptive testing of various newly developed robots to ensure their seamless integration into everyday human environments. Announced during a public discussion meeting themed ‘Daegu Rising with Advanced New Industries,’ chaired by [...]
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, 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 [...]