DAEJEON, March 12 (Korea Bizwire) — Police on Wednesday disclosed photos and the identity of a teacher arrested on charges of stabbing an 8-year-old student to death at an elementary school in the central city of Daejeon last month. The mug shots of Myeong Jae-wan, 48, were made public by the Daejeon Metropolitan Police Agency [...]
WASHINGTON, March 11 (Korea Bizwire) — The U.S. nationwide cattlemen’s group asked the Trump administration Tuesday to help lift South Korea’s import ban on American beef from cattle aged 30 months or older, noting that similar curbs have been lifted in China, Japan and Taiwan. The National Cattlemen’s Beef Association (NCBA) sent its comments to [...]
SEOUL, March 12 (Korea Bizwire) — South Korea’s energy consumption grew at a sharply slower pace in 2022 than in previous years mainly due to limited transportation during the COVID-19 pandemic and lower demand from households, the industry ministry said Wednesday. The country’s overall energy consumption stood at 230 million tons of oil equivalent (TOE) [...]
SEOUL, March 12 (Korea Bizwire) — Acting President Choi Sang-mok said Wednesday the government will work to allow semiconductor workers to put in extra hours when needed and adopt measures to foster the development of new technologies and industries to ensure the country’s sustainable growth amid intensifying global competition. Choi made the remarks at a [...]
SEOUL, March 12 (Korea Bizwire) — The South Korean government has announced plans to significantly increase research and development funding for age tech services, which currently accounts for just 1% of total R&D spending, as part of its strategy to address the challenges of an aging society. The Presidential Committee on Ageing Society and Population Policy [...]
SEOUL, March 12 (Korea Bizwire) — South Korea plans to replace its decades-old estate tax system with an inheritance tax, easing tax burdens on beneficiaries in an effort to ensure tax fairness and align with global standards, the finance ministry said Wednesday. South Korea currently imposes an estate tax, which is levied on the net [...]
SEOUL, March 12 (Korea Bizwire) — A growing number of South Koreans are undergoing cancer screenings, with government-recommended participation rates reaching 70.2% last year, marking a 3.8 percentage-point increase from 2024, according to a new report by the National Cancer Center. The study, which surveyed 4,500 individuals without a prior cancer diagnosis, examined participation rates [...]
SEJONG, March 12 (Korea Bizwire) — While South Korean lawmakers from both ruling and opposition parties have agreed to eliminate inheritance taxes between spouses, a new analysis reveals that the tax benefits would primarily affect those with assets exceeding 7 billion won. According to an analysis by real estate tax calculation service Sellymmon, commissioned by Yonhap [...]
SEOUL, March 11 (Korea Bizwire) — As the Constitutional Court prepares to deliver its ruling on President Yoon Suk-yeol’s impeachment, South Korean authorities are implementing stringent security measures to prevent potential acts of violence, including restrictions on firearm access and airspace controls. According to sources familiar with the matter, the National Police Agency is considering an [...]
SEOUL, March 11 (Korea Bizwire) — Individuals with Type 1 diabetes face nearly twice the risk of suicide compared to the general population and 1.8 times higher risk than cancer patients, according to a groundbreaking study published in the Journal of Internal Medicine. The research, conducted by Kim Jae-hyeon, Kim Gyu-ri, and Kim Seohyun from Samsung Seoul [...]