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Many Fear the Depletion of National Pension Fund Without Gov’t Guarantee

Many Fear the Depletion of National Pension Fund Without Gov’t Guarantee

SEOUL, Aug. 11 (Korea Bizwire) — With an increasing number of South Koreans beginning to believe the argument that the national pension fund will be depleted around 2056 or 2057, which is three to four years earlier than previous estimates, worry over not being able to receive a proper pension is spreading among the general [...]

Seoul to Push for UNESCO Registration of “Candlelight Vigils”

Seoul to Push for UNESCO Registration of “Candlelight Vigils”

SEOUL, Jul. 20 (Korea Bizwire) — The Seoul Metropolitan Government (SMG) will be pushing for the registration of “candlelight vigils” in UNESCO’s Memory of the World Programme, an international initiative to protect the documentary heritage of humanity. The historical and cultural asset division of the SMG has commissioned experts to carry out initial research to [...]

8 out of 10 S. Koreans Support Overhauling or Dismantling Military Intelligence Unit

8 out of 10 S. Koreans Support Overhauling or Dismantling Military Intelligence Unit

SEOUL, Jul. 12 (Korea Bizwire) — Eight out of 10 South Koreans support overhauling or dismantling the military’s intelligence unit, a survey showed Thursday, following revelations the unit reviewed the possibility of martial law last year in response to protests calling for then-President Park Geun-hye’s ouster. A Defense Security Command (DSC) document, drawn up last [...]

Feminist Ads Banned on Metro, but Birthday Messages for Idol Stars Allowed

Feminist Ads Banned on Metro, but Birthday Messages for Idol Stars Allowed

SEOUL, Jul. 10 (Korea Bizwire) — Following backlash over its decision to disallow advertisements regarding feminism and politics in subway facilities, Seoul Metro has decided to ban all advertisements that feature personal views of individuals or interest groups. But experts say that the decision is bound to be controversial as the exact nature of what [...]

Rallies in Seoul Divided over Embracing Yemeni Asylum Seekers

Rallies in Seoul Divided over Embracing Yemeni Asylum Seekers

SEOUL, June 30 (Korea Bizwire) – Two separate rallies were held in central Seoul late Saturday with supporters and protesters from each side showing contrasting sentiment regarding hundreds of Yemini asylum seekers in the southern island of Jeju. A group of protesters, who named themselves People’s Solidarity Against Illegal Asylum Seekers, staged a rally in [...]

Blue House a Model of Environmental Stewardship

Blue House a Model of Environmental Stewardship

Jun. 30 (Korea Bizwire) – South Korea’s presidential Blue House is positioning itself as an exemplary “tree hugger” aimed at spurring more significant behavioral changes among the public. Cheong Wa Dae, the executive office of the South Korean head of state, announced yesterday that it would be cutting back on the use of single-use items [...]

Corporate Competition “Unfair”: Survey

Corporate Competition “Unfair”: Survey

SEOUL, Jun. 23 (Korea Bizwire) — A new survey has revealed that that 7 out of 10 people working for small and medium sized startup companies thought that competition practices among Korean businesses were unfair. This was according to a study commissioned by the Small and Medium Business Administration that was conducted on May 23 [...]