SEOUL, Feb. 28 (Korea Bizwire) – The Seoul city government said Friday it will formally implement a policy to restrict tourist visits to a special management area of the city’s historic Bukchon Hanok Village, beginning March 1, and start to impose fines on violators. Under the policy meant to address overtourism, tourists are allowed to [...]
SEOUL, Feb. 28 (Korea Bizwire) — Nearly 6 out of 10 South Koreans support impeaching President Yoon Suk Yeol over his short-lived martial law declaration, a survey showed Friday, as the Constitutional Court began deliberations to decide whether to formally remove him from office or reinstate him. According to the survey conducted by Gallup on [...]
SEOUL, Feb. 28 (Korea Bizwire) — The number of lost items reported in the Seoul subway system reached 152,540 in 2024, marking a 4% increase from the previous year, according to Seoul Metro’s latest report released on February 27. On average, 418 lost items were registered daily, meaning approximately one in every 61 subway passengers [...]
SEOUL, Feb. 28 (Korea Bizwire) — Feeling listless and uninterested in daily activities may not be a natural part of aging but rather a sign of depression that requires prompt medical attention, medical experts say. Depression in older adults shares many diagnostic criteria with other age groups, including persistent feelings of sadness, loss of interest in [...]
SEOUL, Feb. 28 (Korea Bizwire) — Reversing vehicles account for 14% of all pedestrian traffic accidents in South Korea, according to a new study that highlights the need for a greater adoption of advanced safety features. The Samsung Fire & Marine Insurance Traffic Safety Research Institute analyzed traffic accident data from 2019 to 2023, revealing that [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s National Assembly passed the so-called ‘K-Chips Act’ on February 27, expanding tax benefits for semiconductor companies in a move aimed at strengthening the nation’s global competitiveness in chip manufacturing. The legislation comes at a crucial time as geopolitical uncertainties, including the new U.S. administration’s trade policies, add pressure [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s birthrate and total fertility rate experienced a rare uptick in 2024, driven by an increase in the population of women in their early 30s. However, experts warn that this trend may be short-lived as broader demographic declines continue. According to the latest government data, approximately 238,000 babies [...]
SEOUL, Feb. 27 (Korea Bizwire) — As South Korea’s prolonged economic downturn continues, small business owners are increasingly burdened by rising labor costs. A recent analysis shows that small independent business operators employ an average of 1.8 workers per establishment, highlighting the strain on entrepreneurs trying to sustain their workforce. According to data from the [...]
SEOUL, Feb. 27 (Korea Bizwire) — North Korea appears to have deployed additional troops to support Russia’s war against Ukraine, although the number of recently deployed troops is being assessed, South Korea’s spy agency said Thursday. “Following about a monthlong lull, North Korean troops were placed back in the frontline region of Kursk starting in [...]
WASHINGTON, Feb. 26 (Korea Bizwire) — South Korea’s industry minister expressed confidence Wednesday that Seoul and Washington will be able to find a “constructive” and “win-win” alternative, as the Trump administration is working to impose “reciprocal” tariffs on U.S. imports to match what other countries slap on American goods. Industry Minister Ahn Duk-geun made the [...]