SEOUL, March 20 (Korea Bizwire) — South Korea has formally confirmed its ratification of a U.N. agreement on the sustainable use of marine biological diversity, becoming the first East Asian country to do so, Seoul’s foreign ministry said Thursday. South Korean Ambassador to the U.N. Hwang Joon-kook deposited an instrument of the ratification for the [...]
SEOUL, March 20 (Korea Bizwire) — As phone-based phishing scams grow increasingly sophisticated, South Koreans are turning in droves to “Citizen Conan,” an anti-phishing app operated by the National Police Agency. According to mobile analytics firm IGAWorks Mobile Index, the number of Citizen Conan users surged by 215.9% in February, reaching 1.39 million, compared to [...]
SEOUL, March 20 (Korea Bizwire) — The government will provide incentives to public entities entering the offshore wind power market as part of efforts to promote the growth of the renewable energy industry, the industry ministry said Thursday. Public institutions and companies that make a bid for the government’s offshore wind power development project will [...]
SEOUL, March 20 (Korea Bizwire) — The South Korean government has unveiled a comprehensive plan to protect its steel industry from mounting trade risks, including the recent 25% tariff imposed by the Trump administration in the United States and an influx of low-cost Chinese steel. The Ministry of Trade, Industry and Energy announced on Wednesday [...]
JEONJU, March 20 (Korea Bizwire) — South Korea’s Rural Development Administration (RDA) announced on Wednesday that it had developed standardized guidelines for using honeybees and bumblebees as pollinators for mango trees. Mangoes are cross-pollinating crops that traditionally rely on flies attracted by seafood products for pollination on Jeju Island, the main production region in South Korea. However, [...]
SEOUL, March 20 (Korea Bizwire) — A new study has revealed that chief executive officers with management and finance backgrounds are increasingly taking the helm at South Korea’s largest corporations, while those with technical expertise are becoming less common in the boardroom. According to data released on Wednesday by CEO Score, a corporate research firm, the proportion [...]
SEOUL, March 19 (Korea Bizwire) — As South Korea enters a super-aged society, health experts and policymakers are increasingly calling for an adjustment to the official age classification of “elderly,” citing evidence that older adults are maintaining good physical function well into their 70s. At a policy forum hosted by the Ministry of Health and [...]
SEOUL, March 19 (Korea Bizwire) — A new government survey has revealed that the number of non-professional foreign workers holding E-9 visas in South Korea now exceeds 300,000, with the vast majority employed in the mining and manufacturing industries. Statistics Korea released its “2024 Survey on Immigration Status and Employment – Foreign Residents by Visa Status” [...]
SEOUL, March 19 (Korea Bizwire) — The government will push for the development of cloud computing technologies to bolster the data infrastructure of the country as part of efforts to foster new growth engines, the finance ministry said. The Ministry of Economy and Finance announced the plan as part of the new growth engine project, [...]
SEOUL, March 19 (Korea Bizwire) — Acting President Choi Sang-mok said Wednesday the government will use all available resources to curb the rise in home prices. Choi made the remarks in an economy-related ministers’ meeting, noting, “Home prices have been on a recent rise in some parts of Seoul.” “We will view the situation seriously [...]