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Ex-justice Minister Gets 2-yr Prison Term for Academic Irregularities Surrounding Family

Ex-justice Minister Gets 2-yr Prison Term for Academic Irregularities Surrounding Family

SEOUL, Feb. 3 (Korea Bizwire) — Former Justice Minister Cho Kuk was sentenced to two years in prison Friday for using his influence to receive academic favors, including university admissions, for his children. The Seoul Central District Court also found Cho guilty of interfering with an inspection into a corruption case by using his power [...]

Mayor Says Seoul to Discuss Reforming Free Transportation Benefits for Seniors

Mayor Says Seoul to Discuss Reforming Free Transportation Benefits for Seniors

SEOUL, Feb. 3 (Korea Bizwire) — Seoul Mayor Oh Se-hoon said Friday his city government will discuss reforming the public transportation fare system, including the possibility of cutting the free public transportation benefit for seniors, to address the aging population and rising debts of the subway operator. “The city of Seoul will consult with the [...]

China Begins Mandatory COVID-19 Tests on All Travelers from S. Korea, Except for Chinese Nationals

China Begins Mandatory COVID-19 Tests on All Travelers from S. Korea, Except for Chinese Nationals

SEOUL, Feb. 3 (Korea Bizwire) — China on Wednesday resumed mandatory COVID-19 tests for arrivals from South Korea only, in its latest tit-for-tat response over Seoul’s strengthened antivirus curbs against travelers from the neighboring nation. The tests were mostly conducted on foreign nationals, most of whom were Koreans. Sources said that travelers from South Korea [...]

S. Korea’s Economic Growth May Fall Below 1 pct if Population Continues to Shrink: Study

S. Korea’s Economic Growth May Fall Below 1 pct if Population Continues to Shrink: Study

SEOUL, Feb. 3 (Korea Bizwire) — The shrinking population driven by low birthrate and aging will cut South Korea’s economic growth by close to 1 percent each year in the long term, a research paper showed Thursday. Lee Jong-wha, an economics professor at Korea University and chief of the Korean Economic Association, estimated a forecast [...]