SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s Ministry of Land, Infrastructure, and Transport announced plans to increase the priority housing allocation for families with newborns under its special housing supply program for newlyweds. Under new rules, the allocation for such families will rise from 20% to 35%, reflecting a significant shift aimed at addressing [...]
SEOUL, Dec. 27 (Korea Bizwire) — A presidential committee on aging society and population said Friday the government will come up with a demographic policy blueprint in the near future, as South Korea has formally become a “super-aged” society. The remark came after the government data showed the number of South Koreans aged 65 or [...]
SEOUL, Dec. 27 (Korea Bizwire) — The South Korean government is set to intensify its efforts to reduce wildlife roadkill by designating and managing 100 high-risk road segments, up from the previous 50, according to a joint announcement by the Ministry of Environment and the Ministry of Land, Infrastructure and Transport on December 26. The new [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korea’s elderly population is grappling with insufficient pension income, as nearly half of recipients receive less than 420,000 won ($290) monthly, according to a report released by Statistics Korea on Thursday. While 90% of the country’s seniors aged 65 and older collect at least one type of pension, [...]
SEOUL, Dec. 27 (Korea Bizwire) — The South Korean government has designated the last Wednesday of every month as “Hanbok Day,” encouraging civil servants in government offices, local municipalities, and public institutions to wear the country’s traditional attire to work. The initiative is part of a broader effort to integrate traditional culture into everyday life [...]
SEOUL, Dec. 27 (Korea Bizwire) — The government and the ruling People Power Party (PPP) agreed Friday to provide 11.6 trillion won (US$7.86 billion) next year to stabilize consumer prices and ease the financial burden on low-income households. The two sides made the agreement during a consultative meeting among government officials, PPP lawmakers and private [...]
SEOUL, Dec. 26 (Korea Bizwire) – As global competition in advanced industries intensifies, more than half of South Korean companies in cutting-edge sectors, including biotechnology, batteries, and semiconductors, view the country’s regulatory environment as excessively stringent compared to international competitors. A survey conducted by the Korea Chamber of Commerce and Industry (KCCI) among 433 companies [...]
CHEONGJU, Dec. 26 (Korea Bizwire) — In the city of Jecheon, South Korea, two chubby-cheeked characters with snow-white skin and beaming smiles have captured the public’s imagination. Meet “Je-je” and “Cheon-cheon,” the official mascots whose charm has evolved from initial skepticism to beloved civic symbols. When first introduced four years ago, some likened the rotund pair [...]
SEOUL, Dec. 26 (Korea Bizwire) — The South Korean government designated a semiconductor cluster in Yongin, located on the southern outskirts of Seoul, as a national industrial complex, aiming to create one of the country’s biggest chip manufacturing hubs by 2030, the land ministry said Thursday. According to the ministry, the plan for the Yongin [...]
SEOUL, Dec. 26 (Korea Bizwire) — The government unveiled a set of measures Thursday aimed at stabilizing its tourism sector, facing setbacks after President Yoon Suk Yeol’s brief martial law declaration and impeachment. The Ministry of Culture, Sports and Tourism reported the measures during a government meeting presided over by acting President and Prime Minister [...]