SEOUL, March 9 (Korea Bizwire) — South Korea’s elderly poverty rate, which was once the highest among Organization for Economic Cooperation and Development (OECD) member countries, has slipped to the 30 percent level for the first time. According to Statistics Korea, the nation’s elderly poverty rate for those aged 65 or older on the basis [...]
SEOUL, March 9 (Korea Bizwire) — The Ministry of Justice issued an advance legislation notice on Tuesday with respect to the revision of the Act on the Use of Electronic Documents in Civil Procedures. Current laws require litigants to submit by person their litigation documents such as land register, building register and certificate of corporate [...]
SEOUL, March 8 (Korea Bizwire) — Hyundai Motor Co.’s all-electric IONIQ 5 has been named the UK Car of the Year 2022, beating nine competitors in the final round, the company said Tuesday. The IONIQ 5 outpaced the nine models, including the Fiat 500-e city car, BMW iX crossover and Porsche’s Taycan Cross Turismo, in [...]
SEOUL, March 8 (Korea Bizwire) — The Supreme Court ruled Tuesday the failure by bus companies to provide equipment to board wheelchairs of handicapped passengers was in violation of the Disability Discrimination Act. The top court reached the decision in the case launched by three handicapped plaintiffs against the central government, the Seoul and Gyeonggi [...]
SEOUL, March 8 (Korea Bizwire) — South Korea will deliver emergency medical supplies to Ukraine this week to help people in need due to Russia’s invasion of the Eastern European nation, the foreign ministry said Tuesday. The government plans to ship 40 tons of medical equipment, including protective gear, medical gloves, masks, first aid kits, [...]
SEOUL, March 8 (Korea Bizwire) — The Seoul city government said Tuesday it plans to install 403 more CCTV cameras at riverside parks along the Han River to strengthen safety surveillance following a high-profile death of a medical college student last year. The plan to complete the installations of new CCTVs, including 40 smart poles, [...]
SEOUL, March 8 (Korea Bizwire) — The digital literacy capability of South Korean elementary and middle school students improved as the spread of COVID-19 resulted in an increase in non-face-to-face learning through the use of information and communication technology (ICT) and computers. According to a survey conducted by the Korea Education and Research Information Service [...]
SEOUL, March 8 (Korea Bizwire) — Samsung Electronics Co.’s OLED TV is unlikely to be released by year’s end as the company is demanding that panel suppliers cut their prices below the market price. The tech giant demanded that LG Display Co. set the supply price of 65-inch panels at a level up to 20 [...]
SEOUL, March 7 (Korea Bizwire) — Ukraine’s top envoy to Seoul said Monday his office has raised over US$3 million in donations from South Korea to support Ukrainian efforts in the war against Russia. “We will send some of the donated money directly to the National Bank of Ukraine and use some to buy and [...]
SEOUL, March 7 (Korea Bizwire) — South Korea said Monday it plans to suspend transactions with Russia’s central bank, sovereign wealth funds and another Russian lender as it has joined the global move to impose more financial sanctions against Moscow over its invasion of Ukraine. The government said it will end transactions with the Central [...]