SEOUL, Jan. 9 (Korea Bizwire) — South Korea plans to release a record amount of agricultural products into the market to stabilize prices and ease the financial burden on people ahead of the Lunar New Year, the government said Thursday. Under the plan, the government will release 265,000 tons of 16 major agricultural items, including [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korea will invest 86.2 billion won (US$59.3 million) this year for the development of technologies that will help tackle climate change, the science ministry said Wednesday. With the investment, the country will work to develop technologies that will help respond to global warming, along with those related to [...]
SEOUL, Jan. 8 (Korea Bizwire) — The government and the ruling People Power Party (PPP) agreed Wednesday to designate Jan. 27 as a temporary holiday this year to boost private consumption and domestic tourism ahead of the Lunar New Year. This year’s Lunar New Year falls on Jan. 29. If confirmed, the holiday will be [...]
SEOUL, Jan. 7 (Korea Bizwire) — Individuals with serious criminal records will face employment restrictions in online delivery services, such as Baemin and Coupang Eats, as well as in taxi services for disabled people, the transport ministry said Tuesday. Under the revised enforcement ordinances of transportation and services acts approved by the Cabinet, those with [...]
SINAN, Jan. 7 (Korea Bizwire) — A county in South Korea’s South Jeolla Province is breaking new ground with the nation’s first offshore wind power fund designed specifically for local residents. Sinan County announced on January 6 that it had signed a memorandum of understanding with Sinan Ui Offshore Wind and Root Energy to establish a [...]
SEOUL, Jan. 6 (Korea Bizwire) — An innovative childcare support program in Seoul offering 300,000 won monthly to grandparents caring for two-year-old children has revealed a striking pattern: maternal grandmothers comprise more than half of the participating grandparents. According to a policy review by the Seoul Foundation of Women and Family, maternal grandmothers account for 54% [...]
SEOUL, Jan. 6 (Korea Bizwire) — A surge in social media offers to create fake digital IDs, mainly targeting minors seeking age-restricted products, is threatening South Korea’s newly-launched mobile identification system. A search for “mobile ID creation” on X reveals dozens of posts offering counterfeit services. One account advertises a two-minute turnaround time for 30,000 won, [...]
SEOUL, Jan. 5 (Korea Bizwire) — In a move to enhance accessibility for its growing foreign resident population, South Korea’s Ministry of the Interior and Safety announced on Sunday that 235 frequently used civil service forms have been translated into 10 languages. The initiative aims to help foreign residents navigate administrative processes more accurately and efficiently. [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea has introduced a revised subsidy scheme for electric buses in 2025, offering additional financial incentives to manufacturers of hydrogen and school buses while implementing stricter criteria to prioritize safety and transparency. The move is seen as a response to concerns over the growing presence of Chinese-made electric [...]
SEOUL, Jan. 2 (Korea Bizwire) — The Ministry of Food and Drug Safety (MFDS) announced significant reforms to streamline drug approval processes in 2025, including reducing the time required for registering imported active pharmaceutical ingredients (APIs) and simplifying compliance procedures for low-risk manufacturers. A dedicated task force will now handle new drug approvals, increasing company consultations [...]