SEOUL, March 19 (Korea Bizwire) – Police will deploy about 14,000 riot police officers in Seoul on the day of President Yoon Suk Yeol’s impeachment ruling by the Constitutional Court to respond to possible social unrest, police officials said Wednesday. The number represents 60 percent of all available riot control forces to be mobilized nationwide [...]
SEOUL, March 19 (Korea Bizwire) — The government on Wednesday pre-announced the revision of tax laws aimed at replacing the decades-old estate tax system with an inheritance tax to ease tax burdens on beneficiaries, the finance ministry said. Under the proposed revision, South Korea will push to revise the inheritance tax and gift tax act,as [...]
SEOUL, March 19 (Korea Bizwire) — The Seoul city government on Wednesday said it will temporarily adopt the “land transaction permission system” in four affluent districts of the capital to help stabilize the real estate market, less than five weeks after it lifted the same regulation in two of those districts. The government has designated [...]
SEOUL, March 19 (Korea Bizwire) — The government will work to expand employment services to help young adults find jobs, the acting president said Wednesday, amid tough job market conditions for youths. Acting President Choi Sang-mok made the remarks in an opening speech for the 2025 Korea Job Fair, which kicked off in Seoul for [...]
SEOUL, March 19 (Korea Bizwire) — KT Corp., South Korea’s leading telecommunications company, announced on Tuesday that it will become the nation’s first telecom provider to adopt eco-friendly bobbins for its fiber optic cables starting in April. Bobbins, the cylindrical structures used to store and transport cables, are traditionally made from wood. KT’s new bobbins, [...]
SEOUL, March 19 (Korea Bizwire) — The Ministry of Oceans and Fisheries (MOF) revealed on March 18 that individuals who transitioned to fishing communities earned an average monthly household income of 3.47 million won in their first year, according to its ’2024 Return-to-Fishing Survey.’ The survey, which included 236 first-year fishing migrants from 2023, found their [...]
SEOUL, March 19 (Korea Bizwire) — South Korea has witnessed an alarming 43-fold increase in the illegal importation of medications containing narcotic substances, including cold medicines, sleeping pills, and diet pills, over the past four years, customs officials reported on March 17. According to the Korea Customs Service (KCS), the volume of illegal pharmaceuticals containing narcotic [...]
SEOUL, INCHEON & BEIJING, March 18 (Korea Bizwire) — A standoff between South Korean and Chinese maritime authorities has erupted in the West Sea’s Provisional Measure Zone (PMZ) near Ieodo, after South Korea attempted to investigate an unauthorized steel structure installed by China. According to government sources, on February 26, South Korea dispatched the Onnuri, a [...]
JEJU, South Korea, March 18 (Korea Bizwire) — In response to a recent uptick in crimes involving foreign nationals, the Jeju Provincial Police Agency has launched a sweeping 100-day public safety campaign aimed at strengthening oversight of the island’s visa-free entry system and curbing illegal activities. The initiative, led by Deputy Commissioner Jeong Seong-su, will run [...]
SEOUL, March 18 (Korea Bizwire) — If given the chance to restart their retirement planning, South Korean retirees would overwhelmingly choose real estate investment as their primary strategy, according to a new national survey released today by the Korea Insurance Development Institute. The survey, conducted last November across South Korea’s 17 provinces and major cities, gathered [...]