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Three Parties Agree to Draft Constitutional Amendment Bill

Three Parties Agree to Draft Constitutional Amendment Bill

SEOUL, Mar. 23 (Korea Bizwire) — South Korea’s three political parties on Wednesday hammered out a joint draft revision of the Constitution that calls for a shift from the current single-term, five-year presidency to a two-term, four-year presidency, party officials said. The proposal also envisions a power-sharing structure in which the president as the head [...]

US Law Firms Turn a Blind Eye to South Korean Legal Services Market, Despite Trade Deals

US Law Firms Turn a Blind Eye to South Korean Legal Services Market, Despite Trade Deals

SEOUL, March 16 (Korea Bizwire) – Calls for reforms to the Foreign Legal Consultant Act are growing as current legislation is being criticized as ‘too restrictive’ for international law firms to venture into the legal services market in South Korea. No American law firms have applied for a joint venture partnership with a South Korean [...]

Man Robs Convenience Store to Go to Jail

Man Robs Convenience Store to Go to Jail

CHUNGCHEONG, SOUTH KOREA, March 9 (Korea Bizwire) — A 25-year-old man named Kim who was arrested last week on robbery charges in North Chungcheong Province told police that he intentionally committed a crime to go to jail after his business failed. Kim entered a local convenience store he frequents, located in Eumseong County, around 7 p.m. last [...]

Korean Organization Calls for Long Overdue Tree Insurance

Korean Organization Calls for Long Overdue Tree Insurance

  SEOUL, March 6 (Korea Bizwire) — Calls are growing for insurance that protects tree owners in the wake of recent incidents of natural disasters. According to Forestry Cooperative in Korea and Korea Forest Service, there’s currently no agricultural disaster insurance coverage in South Korea for tree owners in case of natural disasters such as [...]

New Aviation Security Law to Lock Up Air Rage Offenders for Ten Years

New Aviation Security Law to Lock Up Air Rage Offenders for Ten Years

SEJONG, March 3 (Korea Bizwire) – A revised bill to Korea’s aviation security law was passed on Thursday, after rising concerns over an increasing number of air rage incidents on flights to and from Korea, an initiative that specifies legal punishment for those violating the law.  Punishment for air rage assaults that threaten the safety [...]