SEOUL, Mar. 27 (Korea Bizwire) — The number of South Koreans who moved to different residences in the country rose for the fifth consecutive month in February amid rising home transactions, data showed Wednesday. Around 655,000 people changed residences last month, up 5.2 percent from a year earlier, according to the data compiled by Statistics [...]
SEOUL, Mar. 27 (Korea Bizwire) — The financial regulator announced plans Wednesday to introduce new rules on the investigation and punishment of illegal transactions involving virtual assets. The new rules will be implemented in tandem with the new Virtual Asset Users Protection Act, set to be enacted July 19, according to the Financial Services Commission [...]
SEOUL, Mar. 27 (Korea Bizwire) — Unification Minister Kim Yung-ho on Wednesday condemned North Korea’s abduction and detention of South Korean nationals as an “inhumane” act, vowing the government’s utmost efforts to resolve the urgent issue. Kim made the remarks during a meeting with family members of the South Korean victims and chiefs of related [...]
PAJU, Mar. 27 (Korea Bizwire) – In a bid to alleviate the financial burden on families and encourage more childbirths, the city of Paju is drastically raising government payouts for newborns, becoming one of the most generous municipalities in South Korea for birth incentives. Paju, a satellite city of Seoul in Gyeonggi Province, announced on March [...]
SEOUL, Mar. 27 (Korea Bizwire) – As the European Union expands its environmental, social, and governance (ESG) regulations on exports, South Korean companies appear to be lagging in their awareness and preparedness, according to a recent survey conducted by the Korea Chamber of Commerce and Industry (KCCI). The survey, conducted with 205 domestic exporting firms, revealed [...]
SEOUL, Mar. 27 (Korea Bizwire) – South Korea’s capital has become the first local government in the country to secure certified carbon emissions credits through its public bike-sharing program, opening a new revenue stream as it expands eco-friendly transportation. The Seoul Metropolitan Government announced on March 26 that it had received approval to trade carbon credits [...]
SEOUL, Mar. 26 (Korea Bizwire) – As South Korea prepares for an unprecedented milestone of 10 million elderly citizens, the government has unveiled a sweeping set of measures aimed at enhancing housing options, improving care services, and fostering a supportive environment to meet the evolving needs of its rapidly aging demographic. At the 22nd Public [...]
TOKYO, Mar. 26 (Korea Bizwire) – In a defiant move, families of victims of forced labor during World War II, who have rejected South Korea’s proposed solution of third-party compensation, visited Japanese companies on March 25 to demand a direct apology and payment from the firms involved. However, their efforts were met with a [...]
SEOUL, Mar. 26 (Korea Bizwire) – An analysis by a South Korean lawmaker has revealed that monthly fees for English language academies targeting preschoolers have surpassed an average of 1.2 million won, amid record high private education spending across all school levels last year. Rep. Kang Deuk-gu of the Democratic Party stated on March 25 that [...]
SEOUL, Mar. 26 (Korea Bizwire) – Migrant worker rights organizations have urged the government to implement robust measures to address the persistent issue of unpaid wages, citing data obtained from the Ministry of Employment and Labor that revealed unpaid salaries for migrant workers reached a staggering 121.5 billion won in 2022. In a joint statement released [...]