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S. Korea Assures Foreign Diplomats of Security of PyeongChang Olympics

S. Korea Assures Foreign Diplomats of Security of PyeongChang Olympics

SEOUL, Oct. 20 (Korea Bizwire) – South Korea on Friday assured foreign diplomats and executives of foreign companies operating in the country of its efforts to ensure the safety of the 2018 PyeongChang Winter Olympics and Paralympics.  The Ministry of Foreign Affairs briefed around 100 diplomats from embassies and business people on the measures being [...]

South Korea, U.N. Population Agency Discuss North Korea Census Plan

South Korea, U.N. Population Agency Discuss North Korea Census Plan

SEOUL, Oct. 20 (Korea Bizwire) – South Korea’s unification minister met with the head of a U.N. agency on population Friday to discuss Seoul’s possible support for its census on North Korea, government officials said. Minister Cho Myoung-gyon held talks with Natalia Kanem, executive director of the United Nations Population Fund (UNFPA), who is in Seoul for a forum on population, according to the Ministry of Unification. Cho emphasized the [...]

North Korea Stops Provocation Temporarily Amid Trump Visit Next Month

North Korea Stops Provocation Temporarily Amid Trump Visit Next Month

SEOUL, Oct. 20 (Korea Bizwire) – More than a month has passed since North Korea’s last military provocation, an intermediate-range ballistic missile launch, with U.S. President Donald Trump set to visit South Korea within a few weeks. The gap between the North Korean government’s controversial missile tests is the longest hiatus of military provocation since South [...]

Stories of Couples Opting for Vasectomies Before Marriage Add to Concerns Over Low Birthrate

Stories of Couples Opting for Vasectomies Before Marriage Add to Concerns Over Low Birthrate

BUSAN, Oct. 20 (Korea Bizwire) – A conference titled ‘Marriage Is’ was held by the Busan Woman NGO Federation on October 20 in Busan, where 200 men and women of marriageable age, led by an expert from the Busan Women and Family Development Institute (BWFDI), participated in a wide-ranging discussion on the current challenges surrounding [...]

Semiconductor Boom Leading to Increased Industrial Investment, but Employment Still Lagging Behind

Semiconductor Boom Leading to Increased Industrial Investment, but Employment Still Lagging Behind

SEOUL, Oct. 20 (Korea Bizwire) – Details of a report from the Bank of Korea released October 19 indicate that the recent boom in semiconductor manufacturing for domestic companies has led to increased plant and equipment investment, while employment figures remain nearly constant. The report identified the periods between the fourth quarters of 2002 and [...]

South Korea’s Tax Rate 5th Highest Among Major Economies Under Moon Administration’s Plan

South Korea’s Tax Rate 5th Highest Among Major Economies Under Moon Administration’s Plan

SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s tax rate will rise to be the fifth highest among major economies if the incumbent Moon Jae-in administration follows through on its plans to collect more dues from very big companies, an opposition lawmaker said Friday. The government and the ruling Democratic Party have said they will [...]