JEONJU, March 20 (Korea Bizwire) — South Korea’s Rural Development Administration (RDA) announced on Wednesday that it had developed standardized guidelines for using honeybees and bumblebees as pollinators for mango trees. Mangoes are cross-pollinating crops that traditionally rely on flies attracted by seafood products for pollination on Jeju Island, the main production region in South Korea. However, [...]
SEOUL, March 19 (Korea Bizwire) — The government will push for the development of cloud computing technologies to bolster the data infrastructure of the country as part of efforts to foster new growth engines, the finance ministry said. The Ministry of Economy and Finance announced the plan as part of the new growth engine project, [...]
SEOUL, March 19 (Korea Bizwire) — Acting President Choi Sang-mok said Wednesday the government will use all available resources to curb the rise in home prices. Choi made the remarks in an economy-related ministers’ meeting, noting, “Home prices have been on a recent rise in some parts of Seoul.” “We will view the situation seriously [...]
SEOUL, March 19 (Korea Bizwire) — The government on Wednesday pre-announced the revision of tax laws aimed at replacing the decades-old estate tax system with an inheritance tax to ease tax burdens on beneficiaries, the finance ministry said. Under the proposed revision, South Korea will push to revise the inheritance tax and gift tax act,as [...]
SEOUL, March 19 (Korea Bizwire) — The Seoul city government on Wednesday said it will temporarily adopt the “land transaction permission system” in four affluent districts of the capital to help stabilize the real estate market, less than five weeks after it lifted the same regulation in two of those districts. The government has designated [...]
SEOUL, March 19 (Korea Bizwire) — The government will work to expand employment services to help young adults find jobs, the acting president said Wednesday, amid tough job market conditions for youths. Acting President Choi Sang-mok made the remarks in an opening speech for the 2025 Korea Job Fair, which kicked off in Seoul for [...]
JEJU, South Korea, March 18 (Korea Bizwire) — In response to a recent uptick in crimes involving foreign nationals, the Jeju Provincial Police Agency has launched a sweeping 100-day public safety campaign aimed at strengthening oversight of the island’s visa-free entry system and curbing illegal activities. The initiative, led by Deputy Commissioner Jeong Seong-su, will run [...]
SEOUL, March 18 (Korea Bizwire) — The unification ministry is expected to resume its tour program to the truce village of Panmunjom on the inter-Korean border next month following its suspension in late 2023 due to military tensions, officials said Tuesday. “With the goal of resuming the tour program to Panmunjom next month, (the ministry) [...]
SEOUL, March 18 (Korea Bizwire) — Foreigners refusing to leave the country despite an eviction order will be forcibly deported, the justice ministry said Tuesday. Forced eviction is the strongest administrative measure that involves deporting a foreigner for illegally entering the country or violating conditions of their stay. “We plan to operate a designated overseas [...]
SEOUL, March 18 (Korea Bizwire) — South Korea will increase subsidies for electric motorcycles that offer faster charging speeds and enhanced battery status monitoring, the Ministry of Environment announced Monday. Under the newly finalized 2025 subsidy guidelines, electric motorcycles equipped with 3kW fast-charging capability or a battery status display/app integration will be eligible for an [...]