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Seoul Lifts Citywide 35-story Limit on Apartment Buildings

Seoul Lifts Citywide 35-story Limit on Apartment Buildings

SEOUL, Jan. 5 (Korea Bizwire) – The city government of Seoul on Thursday lifted a citywide 35-story limit on apartment buildings to allow more flexible city planning and more colorful landscapes, officials said. The city will abolish the blanket cap that had been applied to Grade-3 residential buildings across Seoul and permit the maintenance of [...]

Blind App Flooded with Posts Complaining About Reverse Discrimination Against Men

Blind App Flooded with Posts Complaining About Reverse Discrimination Against Men

SEOUL, Jan. 4 (Korea Bizwire) — There are many posts complaining about reverse discrimination against men on Blind, an anonymous community app for the workplace, a women’s think tank said Tuesday. The Korea Women’s Development Institute categorized and analyzed 2,672 organizational culture-related comments posted on the Blind app during the period from August 2021 to [...]

Gov’t to Mandate Disclosure of Medical Fees for Animal Hospitals

Gov’t to Mandate Disclosure of Medical Fees for Animal Hospitals

SEOUL, Jan. 4 (Korea Bizwire) — Animal hospitals with more than two veterinarians will be required to disclose medical fees for major types of treatment, including vaccinations and X-rays. The Ministry of Agriculture, Food and Rural Affairs announced on Tuesday that the Veterinarians Act was revised to require that animal hospitals disclose medical costs for [...]

S. Korea to Ease Property Regulations amid Falling Home Prices

S. Korea to Ease Property Regulations amid Falling Home Prices

SEOUL, Jan. 3 (Korea Bizwire) — South Korea will lift property-related regulations in most of Seoul and metropolitan areas as the country’s housing market is at the risk of a deep freeze due to strict regulations and higher lending rates, the land ministry said Tuesday. The government will remove Seoul and its adjacent metropolitan areas [...]

Seoul’s Ultrafine Dust Density Falls to Record Low in 2022

Seoul’s Ultrafine Dust Density Falls to Record Low in 2022

SEOUL, Jan. 3 (Korea Bizwire) — Seoul saw a record-low ultrafine dust density last year mainly on the back of continued efforts to tackle worsening air pollution problems, and favorable weather conditions, the city government said Tuesday. The average density of ultrafine dust particles in the capital city was tallied at 18 micrograms per cubic [...]

S. Korea to Expand Tax Incentives for Chip Industry

S. Korea to Expand Tax Incentives for Chip Industry

SEOUL, Jan. 3 (Korea Bizwire) — South Korea will seek to expand tax incentives on strategic industries such as chips amid the heightening competition in the global market, the finance ministry said Tuesday. Under the proposed tax code revision, the government will apply a higher tax credit rate of 15 percent on facility investment in [...]

GS Retail to Introduce Forex Kiosks at Convenience Stores and Supermarkets

GS Retail to Introduce Forex Kiosks at Convenience Stores and Supermarkets

SEOUL, Jan. 3 (Korea Bizwire) — GS Retail Co. said Monday it will be installing foreign currency exchange kiosks at stores that are part of its convenience store chain GS25 and supermarket unit GS The Fresh. The forex kiosks will be operated on a trial basis at about 10 stores run by the company. The [...]

Exports of Agro-fisheries Products Hit Record High in 2022

Exports of Agro-fisheries Products Hit Record High in 2022

SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s exports of farm and fisheries products reached an all-time high last year, surpassing the US$10 billion mark for the second consecutive year, data showed Monday. Outbound shipments of agricultural and fisheries goods rose 5.45 percent on-year to come to a record high of $11.98 billion in 2022, [...]

Court Sides with Decision to Deport Foreigner with DUI Conviction

Court Sides with Decision to Deport Foreigner with DUI Conviction

ULSAN, Jan. 2 (Korea Bizwire) – A court has ruled in favor of the immigration office’s decision to deport a foreigner convicted of drunk driving, court officials said Monday. In accordance with the Immigration Control Act, immigration authorities issued the deportation of the Chinese national after he was handed down a suspended prison term for [...]