SEOUL, Aug. 24 (Korea Bizwire) — The government and the ruling party agreed Tuesday to set aside a record budget to issue discount coupons for small businesses next year to boost spending and revitalize the economy. During a meeting between senior government officials and the People Power Party at the National Assembly, the two sides [...]
SEOUL, Aug. 19 (Korea Bizwire) – The ruling People Power Party (PPP) said Monday it will form a special committee to address educational, regional and financial disparities. PPP leader Han Dong-hoon made the announcement during a supreme council meeting at the party’s headquarters, pledging to “make people’s lives better with sustainable and balanced policies.” “We [...]
SEOUL, Aug. 15 (Korea Bizwire) — Independence fighter groups and opposition party lawmakers boycotted the government’s Liberation Day ceremony Thursday to separately commemorate the holiday in protest over the appointment of the new head of a national independence museum. The Heritage of Korean Independence (HKI), a state-funded association of independence fighters and their descendants, held [...]
SEOUL, Aug. 14 (Korea Bizwire) –Lee Yong-soo, an outspoken South Korean victim of Japan’s wartime military sexual slavery, urged the government on Wednesday to proactively intervene in securing compensation from Japan. The 96-year-old victim made the call in an interview with Yonhap News Agency during an event marking the memorial day for victims of [...]
SEOUL, Aug. 2 (Korea Bizwire) – The opposition-controlled National Assembly passed a bill on providing cash handouts to the entire population Friday despite protest from ruling party lawmakers. The bill passed in a 186-1 vote held after the Assembly, controlled by the main opposition Democratic Party (DP), voted to end a filibuster by the ruling [...]
SEOUL, Aug. 1 (Korea Bizwire) – South Korea on Thursday proposed providing humanitarian aid to North Korea over damage from the recent downpours in its northern border areas along the Amnok River, as the North is believed to have sustained huge casualties. The unification ministry said it is willing to urgently support the North Korean [...]
SEOUL, July 31 (Korea Bizwire) – In a quiet corner of western Japan, a group of dedicated citizens is working to shed light on a long-forgotten tragedy that claimed the lives of 183 miners, including 136 Koreans, during World War II. The Chosei coal mine disaster, which occurred on February 3, 1942, in the city of [...]
SEOUL, July 31 (Korea Bizwire) – The Korean Confederation of Trade Unions (KCTU), the biggest umbrella labor union, on Wednesday denounced the nomination of a former labor rights fighter-turned-conservative politician for the new labor minister as an “anti-labor disaster.” Kim Moon-soo, once a staunch labor and democratization activist who later became a three-term conservative lawmaker, [...]
SEJONG, July 29 (Korea Bizwire) – South Korea’s presidential committee on population policy announced an additional set of plans on Monday to ease the housing burden for families with young children, as the government struggles to address critically low birth rates. Under the new policy, families with children under the age of two will be [...]
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 [...]