SEOUL, Jul. 11 (Korea Bizwire) – The population aged 65 or older has surpassed 10 million, accounting for 19.5 percent of the total officially registered population, the interior ministry said Thursday. The population of those aged 65 or over reached 10,000,062 as of Wednesday, out of a total population of nearly 51.27 million, according to [...]
SEOUL, Jul. 11 (Korea Bizwire) – The Seoul city government on Thursday withdrew a plan to set up a 100-meter-high pole topped with Taegeukgi, the national flag, in Gwanghwamun Square in central Seoul following criticism that the plan is grounded in excessive patriotism. Last month, Seoul Mayor Oh Se-hoon announced the plan to set up [...]
SEOUL, Jul. 11 (Korea Bizwire) –The government said Thursday it plans to launch a pilot program to enable tertiary general hospitals to focus more on critical and emergency patients as part of an overhaul of the country’s medical system. The government held a special committee meeting on medical reform at the government complex in Seoul [...]
SEOUL, Jul. 11 (Korea Bizwire) – A recent survey has revealed that approximately 3,000 elderly individuals in Seoul make a living by collecting waste paper, shedding light on the economic challenges faced by the city’s aging population. The Seoul Metropolitan Government released the findings on July 10, based on a comprehensive study conducted from February to [...]
SEOUL, Jul. 11 (Korea Bizwire) – A 35-year-old Thai woman became a beacon of hope for five South Koreans, donating her vital organs after being declared brain dead during a vacation in Korea. The Korea Organ Donation Agency announced on July 10 that Purima Rungthongkumkul, while on holiday with a friend, suddenly lost consciousness on June [...]
SEOUL, Jul. 11 (Korea Bizwire) — The Seoul city government is set to host a forum on North Korea’s human rights Thursday to raise awareness of the situation and discuss ways to improve it with the international community. The “Seoul Forum on North Korean Human Rights 2024″ will open at Seoul City Hall at 2 [...]
SEOUL, Jul. 11 (Korea Bizwire) — South Korea has filed a suit to reverse an international tribunal’s recent order to pay US$32 million in compensation to U.S. hedge fund Mason Capital over a controversial 2015 merger of two Samsung affiliates, officials said Thursday. The suit filed by the government is in response to the Permanent [...]
SEOUL, Jul. 11 (Korea Bizwire) — South Korea will begin production of a laser weapon designed to strike down enemy drones for deployment this year, the state arms procurement agency said Thursday, amid efforts to acquire advanced weapons systems for future warfare. Last month, the Defense Acquisition Program Administration (DAPA) signed a deal worth about [...]
SEOUL, Jul. 11 (Korea Bizwire) – South Korea is experiencing a phenomenon known as “ghost rain” – simultaneous heavy downpours and heat waves that have defied weather predictions – leaving citizens increasingly frustrated with inaccurate forecasts. This meteorological anomaly has sparked a trend of “weather migration,” with many South Koreans abandoning the national weather service’s app [...]
SEOUL, July 9 (Korea Bizwire) – South Korea achieved the average level in the product market regulation indicators set by the Organization for Economic Cooperation and Development (OECD) for the first time ever amid deregulation efforts, the finance ministry said Wednesday. As a comprehensive and internationally comparable set of indicators, product market regulation (PMR) indicators measure [...]