SEOUL, March 10 (Korea Bizwire) — The fate of the Ministry of Gender Equality and Family has become uncertain as Yoon Suk-yeol was elected Thursday as president of South Korea with a campaign pledge to close the ministry. President-elect Yoon of the conservative People Power Party (PPP) pledged to dissolve the 21-year-old ministry in a [...]
SEOUL, March 10 (Korea Bizwire) — South Korea is likely to make a U-turn from its yearslong nuclear phase-out drive as President-elect Yoon Suk-yeol has vowed to scrap the policy and make the country a powerhouse in nuclear power generation. President Moon Jae-in has championed breaking away from nuclear energy since his inauguration in 2017 [...]
GWANGJU, March 9 (Korea Bizwire) — Single men and women have different reasons for having second thoughts about marriage, a survey showed Tuesday. The Gwangju Foundation for Women and Family conducted a survey of 1,614 single men and women living in the southwestern city of Gwangju between the ages of 20 and 39, in which [...]
SEOUL, March 8 (Korea Bizwire) — South Korean companies with business ties with Russia will likely be hit by Moscow’s retaliatory moves to allow Russian companies to make payments to foreign creditors in the Russian currency. Moscow announced a list of a few dozens of “unfriendly” nations on Monday, including South Korea, the United States, [...]
SEOUL, March 4 (Korea Bizwire) — About 2,000 restaurant owners and other small merchants sued the government Friday for a total of more than 161 billion won (US$133 million) won in damages for losses incurred due to anti-COVID-19 business restrictions before a compensation law was enacted. The association of small businesses representing the businessmen filed [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s foreign ministry said Thursday it will spell and pronounce names of Ukrainian cities and other areas in the way Ukrainians want, shifting from the current style that only uses the Russian transliteration. The move comes at the request of the Ukrainian Embassy in Seoul amid keen public [...]
SEOUL, March 2 (Korea Bizwire) — The South Korean government is considering spelling and pronouncing names of Ukrainian cities and other areas in the way Ukrainians want as well, in a shift from the current style that only uses the Russian transliteration, an official said Wednesday. The move comes at the request of the Ukrainian [...]
SEOUL, Feb. 28 (Korea Bizwire) — The government is under fire as it recently came to light that foreigners are also eligible for ‘Youth Hope Installment Savings’ accounts, high-interest savings plans introduced by the government for younger citizens. A 34-year-old office worker posted a petition on the website of the presidential office Cheong Wa Dae [...]
SEOUL, Feb. 27 (Korea Bizwire) — Iconic landmarks across Seoul were lit up in the colors of the Ukrainian flag Sunday in support of the Eastern European nation under siege amid the Russian assault. N Seoul Tower on Mount Namsan, Seoul City Hall, Sebitseom on the Han River and Seoullo Media Canvas glowed blue and [...]
SEOUL, Feb. 25 (Korea Bizwire) — South Korean chipmakers will be affected by export controls that Washington imposed on Russia over the Ukraine crisis, but the impact is not likely to be significant, experts said Friday. The U.S. Commerce Department announced new sanctions Thursday that it said “will severely restrict Russia’s access to technologies and [...]