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S. Korea, Vietnam Agree to Expand Educational Cooperation

S. Korea, Vietnam Agree to Expand Educational Cooperation

HANOI, Dec. 14 (Korea Bizwire) – South Korea and Vietnam agreed Thursday to expand educational cooperation and exchanges, especially in language learning, according to Seoul officials. Deputy Prime Minister Kim Sang-kon, who also serves as education minister, met with his Vietnamese counterpart Vu Duc Dam in Hanoi. Kim requested Vietnam take measures to expand Korean [...]

Chinese Guards Assault S. Korean Journalists Ahead of Moon-Xi Summit

Chinese Guards Assault S. Korean Journalists Ahead of Moon-Xi Summit

BEIJING, Dec. 14 (Korea Bizwire) – Chinese security guards beat and injured two South Korean photojournalists who were covering a business function attended by South Korean President Moon Jae-in on Thursday hours before his summit with Chinese leader Xi Jinping. The incident occurred at a convention center in Beijing where a trade fair was held involving some 200 South Korean firms and 500 prospective Chinese buyers. Moon is currently on a four-day [...]

Trash Bins to Disappear from Public Restroom Stalls

Trash Bins to Disappear from Public Restroom Stalls

SEOUL, Dec. 14 (Korea Bizwire) – Following criticism and hygienic concerns, wastebaskets in public bathroom stalls will disappear in South Korea from next year. The Ministry of the Interior and Safety announced a new enforcement ordinance on Wednesday, which will bring a number of changes to public restrooms from next month, including a ban on trash [...]

EU Says South Korea Could Be Removed from Tax Haven Blacklist by January

EU Says South Korea Could Be Removed from Tax Haven Blacklist by January

BRUSSELS, Dec. 14 (Korea Bizwire) — The European Union has said South Korea could be off its tax haven blacklist as soon as late January, if the country promises to amend or scrap tax breaks for international companies. South Korea was branded as a tax haven along with 16 other countries including Mongolia and Namibia according [...]

Low-Income Bracket Drives Monthly Rent Growth

Low-Income Bracket Drives Monthly Rent Growth

SEOUL, Dec. 14 (Korea Bizwire) – Of the South Korean households that are renters, 60.5 percent utilize “wolse”, or monthly payment rental systems, boosted by a growing low-income bracket. According to the Korea National Council of Consumer Organizations, the percentage of households renting using “jeonse” – a key money deposit system usually requiring a lump-sum [...]

Over 90 Percent of South Korean 20-Somethings Defenseless Against Hepatitis A

Over 90 Percent of South Korean 20-Somethings Defenseless Against Hepatitis A

SEOUL, Dec. 14 (Korea Bizwire) – Nine out of ten South Korean young adults in their 20s lack antibodies for hepatitis A, which means their bodies are far more susceptible to infection than others who do. The discovery was made after researchers from Seoul National University Hospital examined the cases of 5,856 individuals 10 years [...]

S. Korea to Supply 1 Million Registered Private Rental Properties over Next 5 Years

S. Korea to Supply 1 Million Registered Private Rental Properties over Next 5 Years

SEOUL, Dec. 13 (Korea Bizwire) – South Korea will supply 1 million “registered private rent houses” in the next five years to help tenants keep a stable residence without worrying about a sharp increase in rental costs, the transport ministry said Wednesday. If the owner of multiple homes registers one of them as a rental house with the government, the [...]