SEJONG, Nov. 25 (Korea Bizwire) — The national pension fund said Monday that the number of its recipients reached 7 million this month, marking the first time the milestone has been reached since its launch in 1988. “More than half of South Koreans aged 65 and above are currently receiving national pension,” the National Pension [...]
SEOUL, Nov. 25 (Korea Bizwire) — The government will seek to revitalize Korean language education in foreign elementary and middle schools, the Ministry of Education said Monday, amid growing overseas interest in Korean after author Han Kang’s recent Nobel Prize in literature award. To that end, it will establish a new specialized organization to devise [...]
SEOUL, Nov. 25 (Korea Bizwire) – Following the recent suicide of a single mother in her 30s who was harassed by loan sharks, experts are calling for stronger enforcement of debt collection laws amid continuing reports of illegal collection practices. According to the Supreme Court’s Judicial Yearbook released November 24, only 13 cases (16.7%) out of [...]
SEOUL, Nov. 25 (Korea Bizwire) – A provision to exempt semiconductor R&D workers from South Korea’s 52-hour workweek regulation faces potential elimination from the proposed Semiconductor Industry Special Act, dealing another blow to efforts to reform the country’s strict labor laws. According to parliamentary sources on November 24, the National Assembly’s Trade, Industry, Energy, SMEs, and [...]
SEOUL, Nov. 24 (Korea Bizwire) – As former U.S. President Donald Trump positions for the return to the White House, South Korea is considering expanding its purchase of American energy as part of its strategy to manage trade pressures from the U.S. This move is also expected to strengthen South Korea’s negotiating power with its traditional [...]
JEJU, Nov. 24 (Korea Bizwire) –A new remote work initiative, Another Office, launched by Jeju Province in March, is drawing attention and positive feedback from public officials. Designed for civil servants ranked sixth grade or lower, the program allows them to temporarily work from designated public facilities instead of their regular offices. Originally exclusive to [...]
CHANGWON, Nov. 23 (Korea Bizwire) – Changwon City announced on Friday that it will discontinue the operation of its public delivery app, Nubigo, on November 30, just 21 months after its official launch in February 2023. Developed and managed by private firm Smart Market Service Co. with promotional support from the city, Nubigo was introduced as [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korea expects to achieve an economic effect worth 59 trillion won (US$42 billion) by beefing up the country’s “zero carbon energy ecosystem” by 2033, the industry ministry said Friday. The Ministry of Trade, Industry and Energy has announced the 5th Energy Technology Plan, which presented its energy technology [...]
SEOUL, Nov. 22 (Korea Bizwire) — The Joint Chiefs of Staff (JCS) is set to launch a new unit tasked with bolstering readiness in the domains of space, cyber and electronic warfare, officials said Friday, amid South Korea’s push to better prepare for future warfare. In a legislative notice, the defense ministry said the plan [...]
SEOUL, Nov. 22 (Korea Bizwire) – The Yongsan District Office has unveiled a new digital photo booth where visitors can capture their life’s significant moments, from weddings to childbirth, marking a modern upgrade to the traditional government office experience. The “Yongsan Happiness Photo Zone,” which opened on November 18, features a dedicated digital photo booth installed [...]