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Yeongam County Opens Coffers for Comprehensive Child Support Plan

Yeongam County Opens Coffers for Comprehensive Child Support Plan

YEONGAM, Feb. 28 (Korea Bizwire) – Yeongam County in South Jeolla Province is rolling out a comprehensive plan to support children from infancy through to university, offering up to 262 million won per child in phased support.  The initiative aims to make Yeongam an ideal place to raise children, with the plan emerging from a review [...]

Gov’t to Designate 6 Metropolitan Cities, 43 Local Areas as Trial Special Education Zones

Gov’t to Designate 6 Metropolitan Cities, 43 Local Areas as Trial Special Education Zones

SEOUL, Feb. 28 (Korea Bizwire) — The government will designate six metropolitan cities and 43 local areas as trial special education zones as part of efforts to develop the regions, the presidential office said Wednesday. The trial zones, which will include the cities of Busan, Daegu, Gwangju and Daejeon, will be eligible to receive between [...]

White House Official Says S. Korean Firms Help Form Supply Chain Ecosystem, Create Decent Jobs

White House Official Says S. Korean Firms Help Form Supply Chain Ecosystem, Create Decent Jobs

WASHINGTON, Feb. 27 (Korea Bizwire) — A senior White House official on Tuesday portrayed South Korean enterprises operating in the United States as helping foster a robust supply chain ecosystem and create decent jobs, Seoul’s foreign ministry said. Lael Brainard, the director of the National Economic Council (NEC), made the point during a meeting with [...]

S. Korea, UAE Discuss Railway, Infrastructure Cooperation

S. Korea, UAE Discuss Railway, Infrastructure Cooperation

SEOUL Feb. 28 (Korea Bizwire) – South Korea and the United Arab Emirates (UAE) have recently held high-level meetings involving bilateral cooperation in the areas of railway construction, infrastructure and energy, officials said Wednesday. Park Sang-woo, South Korea’s land, infrastructure and transport minister, met with Suhail Mohamed Al Mazrouei, minister of energy and infrastructure of [...]

S. Korea Cuts Over 10,000 Employees at State-run Institutions in 2023

S. Korea Cuts Over 10,000 Employees at State-run Institutions in 2023

SEOUL, Feb. 28 (Korea Bizwire) — The government cut more than 10,000 workers from state-run companies in 2023 as part of efforts to reform and innovate the management of public firms, the finance ministry said Wednesday. Public companies let go of a combined 11,374 workers last year through organization restructuring, voluntary retirement and various other [...]

S. Korean, U.S. Antitrust Regulators Discuss Ways of Stronger Cooperation

S. Korean, U.S. Antitrust Regulators Discuss Ways of Stronger Cooperation

SEOUL, Feb. 28 (Korea Bizwire) — The South Korean and the United States’ antitrust regulators have discussed ways of enhancing bilateral cooperation on antitrust principles to promote economic fair competition, the regulator here said Wednesday. The discussions were made during a meeting between Cho Hong-sun, vice chairperson of the Fair Trade Commission (FTC), and Manish [...]

Study Reveals Top University Graduates Earn Up to 50% More, Exacerbating Social Inequalities

Study Reveals Top University Graduates Earn Up to 50% More, Exacerbating Social Inequalities

SEJONG, Feb. 28 (Korea Bizwire) – A striking wage gap has emerged in South Korea, with graduates from the top 20% of universities earning up to 50% more than those from the bottom 20%. This significant disparity is fueling intense competition for university admissions, contributing to social issues such as low birth rates and regional imbalances, [...]

South Korea Eases Rules for Employees Selling Overseas Stock Rewards

South Korea Eases Rules for Employees Selling Overseas Stock Rewards

SEOUL, Feb. 28 (Korea Bizwire) – Employees of foreign companies in South Korea who receive shares from their overseas headquarters as performance rewards will now be able to sell them directly without needing to transfer them to a domestic brokerage firm first.  The Financial Services Commission announced on February 27 that a revision to the “Enforcement [...]

Hyundai Launches ‘Colorful Life’ Campaign to Promote Biodiversity Conservation

Hyundai Launches ‘Colorful Life’ Campaign to Promote Biodiversity Conservation

SEOUL, Feb. 28 (Korea Bizwire) – Hyundai Motor has announced the launch of its ‘Colorful Life’ campaign, a four-day initiative aimed at raising awareness about biodiversity conservation. The campaign, which is being conducted in partnership with the Korea Green Foundation, will take place from February 26 to 29.  Designed to deepen the understanding of biodiversity among [...]