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Australian, Polish, Egyptian Troops Undergo K9 Howitzer Education Program in S. Korea

Australian, Polish, Egyptian Troops Undergo K9 Howitzer Education Program in S. Korea

SEOUL, Jul. 26 (Korea Bizwire) — South Korea has launched an education program on the K9 self-propelled howitzer for a group of military personnel from Australia, Poland and Egypt, the Army said Friday. The three-week program, which began July 9, is meant to provide the countries with a better operational understanding of South Korean weapons [...]

South Korea Expands Use of Fishery Byproducts to Include Beach Sand Alternatives

South Korea Expands Use of Fishery Byproducts to Include Beach Sand Alternatives

SEOUL, Jul. 26 (Korea Bizwire) – The Ministry of Oceans and Fisheries announced on July 25 that it has amended regulations to broaden the scope of fishery byproduct recycling, now including their use as alternatives to sand for beaches and civil engineering projects.  This revision to the Enforcement Rules of the Act on Promotion of Recycling [...]

South Korea’s Supreme Court Rules Ride-Hailing Drivers Are Employees, Not Contractors

South Korea’s Supreme Court Rules Ride-Hailing Drivers Are Employees, Not Contractors

SEOUL, July 25 (Korea Bizwire) – In a landmark decision, South Korea’s Supreme Court has ruled that drivers for the ride-hailing service Tada should be considered employees under labor law, potentially reshaping the gig economy landscape in the country. The court’s ruling, announced on July 25, applied traditional employment criteria to determine the status of workers [...]

AliExpress Fined 1.9 Billion Won for Leaking Korean Customer Information to 180,000 Entities

AliExpress Fined 1.9 Billion Won for Leaking Korean Customer Information to 180,000 Entities

SEOUL, July 25 (Korea Bizwire) – The personal information watchdog fined AliExpress, a Chinese e-commerce retail platform, 1.9 billion won (US$1.37 million) on Thursday for leaking the personal information of South Korean customers to about 180,000 overseas sellers without informing them. The Personal Information Protection Commission approved the decision during its plenary meeting, marking the [...]

Government to Reduce Inheritance Tax and Offer Tax Incentives for Corporate Investment and Marriage

Government to Reduce Inheritance Tax and Offer Tax Incentives for Corporate Investment and Marriage

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 [...]

Capitol Hill Event Honors Korean War Veterans ahead of Armistice Anniv.

Capitol Hill Event Honors Korean War Veterans ahead of Armistice Anniv.

WASHINGTON, Jul. 24 (Korea Bizwire) — U.S. lawmakers, Korean Americans and others gathered in Washington on Wednesday to honor Korean War veterans and hope for lasting peace on the Korean Peninsula, as they commemorated the signing of the armistice that halted the conflict 71 years ago. Celebrating the National Korean War Veterans Armistice Day, the [...]

South Korean Pharmaceutical Companies Step Up to Combat Low Birth Rate Crisis

South Korean Pharmaceutical Companies Step Up to Combat Low Birth Rate Crisis

SEOUL, Jul. 25 (Korea Bizwire) – As South Korea grapples with its alarmingly low birth rate, the pharmaceutical and biotech industries are joining the effort to address this pressing social issue. Companies are expanding childbirth subsidies and implementing support measures for couples struggling with infertility, all in a bid to encourage employees to have children.  According [...]