SEOUL, Oct. 26 (Korea Bizwire) – The age of criminal responsibility will be lowered by one year from the current 14, the Ministry of Justice said Wednesday, announcing measures to cope with an increasing number of serious crimes committed by juveniles. The ministry said it will revise the criminal and juvenile laws to lower the [...]
SEJONG, Oct. 26 (Korea Bizwire) – The number of babies born in South Korea touched an all-time low in August with deaths soaring to a record high amid rapid aging and the COVID-19 pandemic, data showed Wednesday. A total of 21,758 babies were born in August, down 2.4 percent from the previous year, according to [...]
SEOUL, Oct. 25 (Korea Bizwire) — The number of young South Koreans who have spent more than three years finding their first job reached 360,000, data showed Monday. Among South Koreans between 15 and 29 years of age with employment experience after graduation, some 358,000 people had taken more than three years to get their [...]
SEOUL, Oct. 25 (Korea Bizwire) – The base taxi fare in Seoul will rise by 1,000 won (69 US cents) to 4,800 won from February next year in the first hike in four years, the city government said Tuesday. The Seoul Metropolitan Government passed the plan to raise the base rate for mid-sized sedan cabs [...]
SEOUL, Oct. 25 (Korea Bizwire) — It was found that a North Korean department store is openly selling counterfeits of global luxury brands. According to a recent report by DPRK Today, a Chinese-based North Korean propaganda outlet, a variety of counterfeit foreign luxury items were showcased at a consumer goods exhibition held at the Pyongyang [...]
SEOUL, Oct. 24 (Korea Bizwire) — While the risk of cancer is rising among Koreans in their 20s and 30s, plans for returning to society after treatment are still lacking, a non-profit organization said Sunday. SWIMPYO surveyed 300 people in their 20s and 30s who had been treated for breast cancer, 90 percent of whom [...]
SEOUL, Oct. 24 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. is building an eco-friendly wind turbine installation vessel (WTIV) that is equipped with smart ship features. The company signed a contract with Monaco-headquartered maritime player Eneti Inc. last week to add its smart ship system to a WTIV being built at the company’s [...]
SEOUL, Oct. 24 (Korea Bizwire) — School regulations banning students from dying or perming their hair infringe upon their basic human rights, the state rights watchdog said Monday. A high school girl, whose name was withheld, from an undisclosed school in North Gyeongsang Province filed a petition with the National Human Rights Commission of Korea, [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Korea’s financial authorities announced plans Sunday to expand liquidity supply programs to at least 50 trillion won (US$34.7 billion) as part of efforts to calm corporate bond market jitters. Finance Minister Choo Kyung-ho made the announcement right after an emergency meeting with the central bank chief and top [...]
SEOUL, Oct. 21 (Korea Bizwire) — Until recently, the robot market has been largely comprised of large, expensive industrial robots with fixed arms and manipulators used primarily for production and distribution of goods. Major customers for those industrial or factory robots are carmakers, electronics producers and metal and machinery manufacturing companies. However, the yearslong COVID-19 [...]