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Speed of Increase of Household Debt in Korea Exceeds OECD Average

Speed of Increase of Household Debt in Korea Exceeds OECD Average

SEOUL, Sept. 21 (Korea Bizwire) — After the onset of the global financial crisis, the speed of increase of household debt in Korean families was found to be 7.8 times the OECD average. The aggregate of loans taken out by low income families (bottom 30 percent of the population) or by those who with low [...]

GPS Device that Tracks Dementia Patients a Huge Success

GPS Device that Tracks Dementia Patients a Huge Success

SEOUL, Sept. 21 (Korea Bizwire) — A GPS device that helps detect the whereabouts of elderly dementia patients was found to be very useful in locating those who had gone missing. According to police officials, all 30 senior dementia patients who received one of the devices were found after being reported missing. The average amount [...]

Moon Chung-in: “Kim Jong-un’s Decision to Visit Seoul Was His Alone”

Moon Chung-in: “Kim Jong-un’s Decision to Visit Seoul Was His Alone”

SEOUL, Sept. 20 (Korea Bizwire) – Moon Chung-in, the Special Advisor to South Korean President Moon Jae-in for Foreign Affairs and National Security, said yesterday that North Korean leader Kim Jong-un’s promise to visit Seoul was a single-handed decision made by Kim. Speaking at a briefing held at the press center at Pyongyang’s Koryo Hotel, [...]

Animal Activist Group Asks Society to Question Necessity of Zoos after Puma Shot and Killed

Animal Activist Group Asks Society to Question Necessity of Zoos after Puma Shot and Killed

SEOUL, Sept. 20 (Korea Bizwire) — Animal rights activist group CARE is pushing for a manual that would allow zookeepers to better handle animals that escape from their cages in response to an incident in Daejeon where a puma had to be shot after escaping from its cage. In a press released, CARE stated that [...]

Seocho-gu Wins International Award for Environmentally-Friendly Innovation

Seocho-gu Wins International Award for Environmentally-Friendly Innovation

SEOUL, Sept. 19 (Korea Bizwire) — Seoul’s Seocho-gu (district) has won a Silver Award at the Green World Awards, prizes given to companies, organizations and governments for environmental best practices. Seocho-gu won the prize for its large parasol shades at the awards ceremony hosted by the Turkish Ministry of Environment and Urbanization in Ankara, the [...]

Justice Minister Pledges to Expand Class Action Lawsuit System

Justice Minister Pledges to Expand Class Action Lawsuit System

SEOUL, Sept. 17 (Korea Bizwire) — Justice Minister Park Sang-ki said Monday the government will try to expand the class action lawsuit system so as to enable consumers to file such suits not only in stock-related cases, but also in other areas. Park made the remark during a meeting with victims of high-profile consumer cases, [...]