SEOUL, July 24 (Korea Bizwire) — The ruling Democratic Party (DP) has been stepping up efforts to renew a more than decade-old plan to relocate South Korea’s administrative capital to Sejong, south of Seoul, in the face of strong protests from opposition lawmakers. During a party meeting on Thursday, DP floor leader Kim Tae-nyeon expressed [...]
SEOUL, July 24 (Korea Bizwire) — Amid the escalation of U.S.-China tension, LG Uplus Corp., one of South Korea’s largest mobile operators, found itself in a perplexing situation as a high-ranking U.S. official publicly called for the company to sever ties with China’s biggest telecommunications equipment maker, Huawei. Robert Strayer, deputy assistant secretary of state [...]
SEOUL, July 23 (Korea Bizwire) — South Korea’s food delivery app market has turned into a money game, putting the market leader Baedal Minjok – typically referred to as Baemin – in a crisis code. To expand their presence in the rapidly growing food delivery app market, latecomers, armed with abundant capital, are chasing the [...]
SEOUL, July 23 (Korea Bizwire) — South Korea will increase the admission quotas at medical schools and establish a new public medical school in a bid to broaden the reach of health care services, lawmakers and government officials said Thursday. The decision was confirmed earlier in the day during a policy coordination meeting between the [...]
SEOUL, July 21 (Korea Bizwire) — The number of animal abuse cases is growing year after year in South Korea. According to the National Police Agency on Sunday, the number of cases where people were investigated for violations of animal protection laws by the prosecutor’s office has been on an upward trend, rising from 264 [...]
SEOUL, July 18 (Korea Bizwire) — South Korea’s major telecom operators are lending hands to the country’s digital New Deal stimulus projects by expanding their investment in public infrastructure. Early this week, the country announced a set of ambitious stimulus measures amounting to 160 trillion won (US$132 billion). Under the digital New Deal initiative, 58.2 [...]
SEOUL, July 18 (Korea Bizwire) – President Moon Jae-in’s ambitious policy project aimed at helping overcome the new coronavirus pandemic is expected to include expansion of employment insurance coverage and fostering of IT jobs for young job seekers. Earlier this week, Moon announced plans to invest 160 trillion won (US$133 billion) by 2025 to create [...]
SEOUL, July 17 (Korea Bizwire) — South Korea said Friday it is preparing for a long battle against the new coronavirus amid the lack of an effective vaccine and treatment although the country is less likely to suffer another wave of the virus outbreak. The country, which reported its first COVID-19 case on Jan. 20, [...]
SEOUL, July 17 (Korea Bizwire) — The government will spend 18.5 trillion won (US$15.35 billion) over the next five years on renovating about 2,800 dilapidated school buildings, as part of its “New Deal” project to create millions of jobs and reinvigorate the nation’s coronavirus-hit economy, the Ministry of Education said Friday. The massive school renovation [...]
SEJONG, July 16 (Korea Bizwire) — In the six months after the new coronavirus was first reported in South Korea, the virus outbreak has battered the nation’s exports and depressed local consumption, with health experts warning that the highly contagious disease may not disappear in the coming months. The pandemic has brought the global economy [...]