SEOUL, Feb. 25 (Korea Bizwire) — The United States on Friday returned multiple parcels of its military’s Yongsan Garrison in central Seoul and two other bases north of the capital to South Korea, the defense ministry here said, a move bound to accelerate regional development projects. The decision, including the return of 165,000 square meters [...]
SEOUL, Feb. 25 (Korea Bizwire) – South Korea’s fisheries output rebounded last year from the previous year on the back of increased fish stocks and expanded fishing grounds, data showed Friday. Total fisheries output amounted to 3.82 million tons last year, up 2.9 percent from a year earlier, according to Statistics Korea. The 2021 tally [...]
SEOUL, Feb. 25 (Korea Bizwire) — A constitutional appeal has been filed against the Immigration Control Act that allows only those from eight English-speaking countries to work as native English instructors in South Korea, officials said Friday. Migrants Center Friend, an immigrant rights’ group, filed the petition after a Ugandan was denied a visa to [...]
SEOUL, Feb. 25 (Korea Bizwire) — South Korean auto parts maker Myong Shin Inc. is set to develop electric trucks in collaboration with Chinese automobile manufacturer Geely Auto Group. The company said it held a virtual meeting with Geely New Energy Commercial Vehicle Group on Monday and signed an agreement on the basic framework of [...]
SEOUL, Feb. 25 (Korea Bizwire) — The Ministry of Economy and Finance said Thursday that local companies investing in national strategic technologies directly connected with national economy and security will receive tax deduction up to 50 percent of their investments. This year’s tax law revision cleared the way for businesses that make research and development [...]
SEOUL, Feb. 24 (Korea Bizwire) — Consumers will have to pay a deposit of 300 won (US$0.25) when they buy a drink in a disposable cup at a large cafe or fast-food outlet starting in June, government officials said Thursday. The environment ministry said it will make a preannouncement of the measure aimed at reducing [...]
SEOUL, Feb. 24 (Korea Bizwire) — With South Korean health authorities now imposing stricter qualifications for receiving a polymerase chain reaction (PCR) test while lifting self-quarantine rules, an increasing number of people are finding themselves in the ‘gray area’ between those suspected of or infected with coronavirus. As people can no longer receive tests at [...]
SEOUL, Feb. 24 (Korea Bizwire) — Employment for wage workers in South Korea grew at a slow clip in the third quarter of 2021 from three months earlier amid the coronavirus pandemic, data showed Thursday. The number of paid employee jobs came to 19.6 million as of end-September, up 2.6 percent, or 491,000, from a [...]
SEOUL, Feb. 24 (Korea Bizwire) — Kakao Mobility Corp.’s taxi-hailing service is selective in choosing passengers depending on their destinations, the Seoul metropolitan government said Wednesday. The city government carried out a fact-finding ‘mystery shopper’ test during the period from October to November last year after complaints poured in from citizens having difficulty calling taxis, [...]
SEOUL, Feb. 23 (Korea Bizwire) — South Korea’s military on Wednesday conducted a successful test-firing of a long-range surface-to-air missile (L-SAM) under development, informed sources said, in an apparent move to counter North Korea’s evolving missile threats. The state-run Agency for Defense Development oversaw the launch at a testing site in Taean, 150 kilometers southwest [...]