SEOUL, Aug. 26 (Korea Bizwire) – The Seoul city government said Thursday it has rejected an application from a LGBTQ festival organizer to establish a non-profit foundation, citing concerns of social conflict if the request were to be approved. The city government sent a letter Wednesday to the Seoul Queer Culture Festival (SQCF) Organizing Committee [...]
SEOUL, Aug. 26 (Korea Bizwire) — Afghan evacuees, who fled their country seized by the Taliban, will be eventually granted long-term visas after they arrive in South Korea, the justice minister said Thursday. Justice Minister Park Beom-kye said the government decided to give legal status to the people who worked with the South Korean government [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korea said Thursday it plans to increase tax incentives for venture firms and support their drive for mergers and acquisitions (M&As) as part of efforts to nurture innovative startups. Under a vision to become one of the world’s major venture powerhouses, the government plans to support venture firms’ [...]
SEOUL, Aug. 26 (Korea Bizwire) — Japan has decided to release contaminated water from the crippled Fukushima nuclear power plant into the open sea that is one kilometer away from the plant, Japanese media outlets reported Wednesday. The contaminated water contains tritium, a radioactive substance. Tokyo Electric Power Company Holdings Inc., the operator of the [...]
SEOUL, Aug. 26 (Korea Bizwire) – South Korea’s daunting yet successful mission to evacuate Afghan colleagues from their war-ravaged country has hammered home a simple yet impactful message for them and its future partners: We will never abandon our friends. That message has resonated with nearly 400 Afghan evacuees throughout this week, as South Korean [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korea’s cement industry is increasing investment in eco-friendly areas, including the recycling of resources, to keep abreast with the global trend of pursuing carbon neutral policies. Sampyo Group, the parent of Sampyo Cement Co., announced on Monday that it will invest a total of 200 billion won (US$171 [...]
SEOUL, Aug. 26 (Korea Bizwire) – South Korea’s home shopping channel operators are increasingly embracing ‘mini programs’ that have a short broadcasting time of 10 to 40 minutes. Compared to general programs with a broadcasting time of more than 1 hour, mini programs require relatively minimal preparation, thereby enabling a product pitch reflecting the latest [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korea’s evacuation operations for Afghans, now in their final stage, have been marked by security and logistical hurdles, and unforeseen misfortunes, Seoul officials said Wednesday, stressing their “moral” responsibility to bring them out of harm’s way. A total of 391 Afghans, including dozens who aided Seoul’s efforts to [...]
SEOUL, Aug. 25 (Korea Bizwire) — A parliamentary committee on Wednesday passed a bill to ban Google and Apple from forcing app developers to use the platforms’ payment systems, clearing the last remaining hurdle before a final vote. The legislation and judiciary committee of the National Assembly approved the revision of the Telecommunications Business Act, [...]
SEOUL, Aug. 24 (Korea Bizwire) — With the new ‘contactless’ culture that has settled in with COVID-19, cars are beginning to be sold online, sparking a nationwide controversy as online car shopping is threatening the livelihood of offline dealers. Gwangju Global Motors, a firm jointly established by Hyundai Motor Co. and the southwestern city of [...]