SEOUL, July 25 (Korea Bizwire) – The government will push to reduce inheritance tax to reflect decades of changes in asset values and inflation, and to provide a tax credit for marriage and childbirth in an effort to boost the ultra-low birth rate, the finance ministry said Thursday. They are part of a tax code [...]
SEOUL, July 24 (Korea Bizwire) – South Korean civic organizations are calling on the government to cease psychological warfare operations against North Korea through loudspeaker broadcasts. The groups plan to send letters of protest to President Yoon Suk Yeol and Defense Minister Shin Won-sik. On July 24, the Korean Peninsula Peace Action, a coalition of 607 [...]
SEOUL, July 23 (Korea Bizwire) –Amid ongoing public requests to bring back Fu Bao, the giant panda recently returned to China, Seoul city officials have clarified that they are not currently pursuing any procedures for the panda’s return or a new panda lease. On July 23, the Seoul Metropolitan Government addressed the issue on “Imagine [...]
SEOUL, July 22 (Korea Bizwire) – A parliamentary committee unilaterally passed a pro-labor bill Monday that aims to limit companies from making claims for damages against legitimate labor union disputes. Lawmakers affiliated with the main opposition Democratic Party and other progressive parties passed the revision to the Trade Union and Labor Relations Adjustment Act, nicknamed [...]
SEOUL, July 20(Korea Bizwire) – Former President Donald Trump showcased his personal rapport with North Korean leader Kim Jong-un during his acceptance speech for the GOP nomination for the November 5 presidential election. Speaking on the final day of the Republican National Convention in Milwaukee, Trump suggested that Kim might prefer his return to office and [...]
SEOUL, Jul. 19 (Korea Bizwire) — Science minister nominee Yoo Sang-im on Friday vowed to make every effort to revamp South Korea’s research and development system to help the country take a global lead in advanced technologies. “We need to focus on restoring and securing technological sovereignty at a time when global powers are competing [...]
SEOUL, Jul. 18 (Korea Bizwire) — A prominent North Korean defector was named as the new head of the presidential advisory council on unification, the presidential office said Thursday. President Yoon Suk Yeol has tapped Tae Yong-ho, a former North Korean deputy ambassador to Britain, as the secretary general for the Peaceful Unification Advisory Council, [...]
SEOUL, Jul. 17 (Korea Bizwire) — A prominent North Korean defector is likely to be named as the new head of the presidential advisory council on unification, people familiar with the issue said Wednesday. Tae Yong-ho, a former North Korean deputy ambassador to Britain, has completed a candidate review process for the secretary general for [...]
SEOUL, July 12 (Korea Bizwire) – The Korea TV Broadcasting System (KTV), a government-affiliated broadcaster operating under the Ministry of Culture, Sports and Tourism, has filed a lawsuit against a singer who posted a satirical video of President Yoon Suk Yeol and his staff performing a choral piece, police sources confirmed on July 11. The Mapo [...]
SEOUL, July 12 (Korea Bizwire) – Nearly 60 percent of North Korean defectors believe there is a need to change the legal term describing them, citing persistent negative perceptions associated with it, according to a survey released on Friday. The survey was conducted by the Korea Institute for National Unification, a state-run think tank, ahead [...]