SEOUL, Oct. 10 (Korea Bizwire) – Three key South Korean government bodies announced on October 9 that they will initiate a bidding process for a consultancy project aimed at establishing guidelines for a Digital Product Passport (DPP) response platform. The Ministry of Trade, Industry and Energy, the Digital Platform Government Committee, and the Ministry of Science [...]
SEOUL, Oct. 8 (Korea Bizwire) – In a first for the country, the Seoul Metropolitan Government has initiated an ambitious program to attract top international talent in science, technology, engineering, and mathematics (STEM) fields. The Seoul Tech Scholarship aims to bolster the city’s future workforce in key industries. On October 7, a ceremony was held on [...]
SEOUL, Oct. 6 (Korea Bizwire) – The Seoul city government said Sunday it has revised its pilot program for providing Filipina domestic workers to households, following about a month of the program’s implementation. The revisions, made during meetings between the labor ministry and other relevant parties, will take effect this month to address issues that arose [...]
SEOUL, Oct. 2 (Korea Bizwire) — The government on Wednesday unveiled additional financial support for low-income earners that include complete debt forgiveness for those who are willing but unable to repay their loans. The move comes amid sharp increases in household debts and the number of people going bankrupt. The number of people filing for [...]
SEOUL, Oct. 2 (Korea Bizwire) – The South Korean Fair Trade Commission (FTC) has initiated regulatory action against AliExpress, the popular Chinese online shopping platform, over allegations of false advertising. On September 30, the FTC sent a report detailing potential sanctions to an AliExpress affiliate responsible for product sales. The commission determined that the company’s advertisements, [...]
SEOUL, Sept. 28 (Korea Bizwire) – In a bid to safeguard its reputation as a premier travel destination, the Seoul Metropolitan Government has launched an undercover operation to investigate low-cost tour packages sold overseas. The initiative aims to curb the spread of so-called “dumping tourism,” which officials fear could tarnish the city’s image and lead to [...]
SEOUL, Sept. 27 (Korea Bizwire) — The government plans to invest 3.3 trillion won (US$2.5 billion) of its health insurance funding annually over the next five years to reform tertiary care hospitals to better prioritize the treatment of critically ill patients, the interior minister said Friday. Minister Lee Sang-min made the remarks during a government [...]
SEOUL, Sept. 26 (Korea Bizwire) – The South Korean government has announced a comprehensive plan to phase out the country’s dog meat industry by 2027, allocating more than 100 billion won in next year’s budget to support the closure of nearly 6,000 dog meat businesses nationwide. The Ministry of Agriculture, Food and Rural Affairs unveiled its [...]
SEOUL, Sept. 26 (Korea Bizwire) – South Korea will create a new visa program to attract foreign workers specializing in high-tech industries, the government said Thursday, as the country prepares for a society with a growing foreign population. Justice Minister Park Sung-jae announced the plan as part of a new immigration policy aimed at enhancing social [...]
SEOUL, Sept. 25 (Korea Bizwire) – The government will work to further advance its evaluation system for policy loans to startup businesses, a move aimed at identifying areas that can make the most out of the much-needed funds, the vice chief of the financial regulator said Wednesday. Kim So-young, deputy head of the Financial Services [...]