SEOUL, Oct. 6 (Korea Bizwire) – The Seoul city government said Sunday it has revised its pilot program for providing Filipina domestic workers to households, following about a month of the program’s implementation. The revisions, made during meetings between the labor ministry and other relevant parties, will take effect this month to address issues that arose [...]
SEOUL, Oct. 1 (Korea Bizwire) – As the fever for medical school admissions intensifies in South Korea, lawmakers and education activists are pushing for legislation to regulate so-called “elementary med school” classes, where young children are taught advanced mathematics concepts typically reserved for high school or even university curricula. On September 30, Representative Kang Kyung-sook of [...]
SEOUL, Sept. 26 (Korea Bizwire) — The government and the ruling People Power Party (PPP) agreed Thursday to provide new scholarships to 1,000 graduate students in science and engineering fields from next year. A scholarship of 5 million won (US$3,750) will be granted to each student annually as part of efforts to foster talents in [...]
SEOUL, Sept. 25 (Korea Bizwire) – The government will work to further advance its evaluation system for policy loans to startup businesses, a move aimed at identifying areas that can make the most out of the much-needed funds, the vice chief of the financial regulator said Wednesday. Kim So-young, deputy head of the Financial Services [...]
SEOUL, Sept. 24 (Korea Bizwire) — The government and the ruling People Power Party (PPP) agreed Tuesday to take measures to support the unemployed youth and to swiftly pass a bill aimed at assisting the “youth in crisis.” During their policy consultations, the two sides decided to support young people seeking employment by increasing work [...]
SEOUL, Sept. 19 (Korea Bizwire) – Police will invest 9.1 billion won (US$6.8 million) over the next three years to develop technology for detecting deepfake, voice cloning and other fabricated content, the police agency said Thursday. The National Police Agency announced the investment as part of its budget plan for next year, which totals 13.54 [...]
SEOUL, Sept.17 (Korea Bizwire) – The National Police Agency of South Korea has closed over 200 police substations (police box or police stand) since announcing a nationwide closure plan last October, according to recent data. The closures, which have disproportionately affected Seoul, reflect an apparent sensitivity to concerns about potential security gaps in certain areas. Representative [...]
SEOUL, Sept. 12 (Korea Bizwire) – A new enforcement decree will go into effect next week, permitting firms to collect personal information necessary for service provision without users’ consent, officials said Thursday. The Personal Information Protection Commission said a new enforcement decree on personal data protection will take effect starting Sunday. Currently, online businesses are [...]
SEOUL, Sept. 11 (Korea Bizwire) – The financial regulator said Wednesday it will work to strengthen punishment for illegal money lending businesses and nullify their very contracts that are deemed antisocial. The move follows a recent spike in the number of complaints against loan sharks, which jumped from 10,350 in 2022 to 12,884 last year, [...]
SEOUL, Sept. 10 (Korea Bizwire) – Parents who have at least 30 million won (US$22,336) in unpaid child support or default on such payments three times or more will be subject to penalties, such as overseas travel bans and driver’s license suspension, the gender ministry said Tuesday. Such punitive measures were made possible as the [...]