SEOUL, May 5 (Korea Bizwire) — Eight out of 10 young people in their twenties who applied for personal rehabilitation took out loans from secondary financial institutions including credit cooperatives and savings banks, a survey showed Wednesday. The Seoul Financial Welfare Counseling Center conducted a survey of 512 young people in their twenties who completed [...]
SEOUL, May 4 (Korea Bizwire) — The Seoul city government said Wednesday it will expand the operation of late-night taxis to cope with the growing demand for taxi service during late hours following last month’s lifting of almost all social distancing measures and the business curfew. Starting April 18, restaurants, cafes and many other business [...]
SEOUL, May 4 (Korea Bizwire) — North Korea has published a photo book of the inter-Korean summits between its leader Kim Jong-un and South Korea’s outgoing President Moon Jae-in, a propaganda outlet said Wednesday, less than a week before Moon leaves office. The Pyongyang Publishing House issued the 83-page book, which carries over 100 photos [...]
SEOUL, May 4 (Korea Bizwire) — South Korea will allow visa-free entry through Jeju and Yangyang international airports starting June 1, resuming a visa-waiver program that has been suspended for more than two years due to the pandemic, Interior Minister Jeon Hae-cheol said Wednesday. Since 2002, the country has implemented a visa-free system under which [...]
SEOUL, May 4 (Korea Bizwire) — The Seoul Metropolitan Government is introducing remote checks for water meters in across the city using Internet of Things (IoT)technology. The city government said Tuesday it will replace some 660,000 water meters, which is equivalent to 30 percent of all 2.22 million water meters in the Seoul region, with [...]
SEOUL, May 4 (Korea Bizwire) — South Korea will embark on the production of a homegrown long-range radar prototype later this year under a project to replace the existing decades-old radar systems, the country’s state arms procurement agency said Wednesday. Launched in February last year, the project worth 46.7 billion won (US$37 million) is aimed [...]
SEOUL, May 4 (Korea Bizwire) — The Seoul Metropolitan Government has introduced a new concept of “pumasi” (the communal sharing of labor) system in which a user provides help to another user and then “timepay” credit is added to the helper’s account, which can be redeemed for services from other members. The city government announced [...]
SEOUL, May 4 (Korea Bizwire) — SK shieldus Co., a security arm of South Korean telecom giant SK Telecom Co., said it released an innovative wearable airbag in collaboration with industrial goods maker Safeware Inc. to minimize injuries from falls at construction sites. The new airbag looks like a normal vest but has GPS and rotation [...]
SEOUL, May 3 (Korea Bizwire) — Asking each generation to look back on their school life, the younger generation was less happy than the older generation, a Seoul-based charity said Monday. A recent study conducted by ChildFund Korea showed that millenials, members of Generation Z and high school teenagers were more likely to have a poor [...]
SEOUL, May 3 (Korea Bizwire) — While people are happier if they can earn more by working longer, the level of happiness stops rising after reaching a certain level of income, even if longer working hours results in a higher income, a recent study revealed. The Korea Institute for Health and Social Affairs conducted a [...]