SEOUL, Mar. 18 (Korea Bizwire) — Finance Minister Choi Sang-mok on Monday called for extra effort by government officials to bring inflation under control amid weak private consumption, his office said. Choi made the call during a meeting with officials of the Ministry of Economy and Finance, where he also instructed them to come up [...]
SEOUL, Mar. 18 (Korea Bizwire) — South Korea began an annual project Monday to recover the remains of soldiers killed during the 1950-53 Korean War, the defense ministry said. The Agency for KIA Recovery and Identification said it will mobilize service members to excavate war remains in 36 former battle sites across the country until [...]
SEOUL, Mar. 18 (Korea Bizwire) — Health Minister Cho Kyoo-hong on Monday expressed grave concerns about a decision by medical professors to resign en masse in support of junior doctors’ walkout that has crippled medical services for nearly a month. About 90 percent of 13,000 interns and resident doctors have stayed off the job since [...]
SEOUL, Mar. 18 (Korea Bizwire) – A recent study has shed light on the varying perceptions of occupational prestige across different countries, with lawmakers being held in high regard in Korea, China, and Japan, while firefighters are esteemed in the U.S. and Germany. The research, conducted by the Korea Research Institute for Vocational Education and Training [...]
SEOUL, Mar. 18 (Korea Bizwire) – South Korea is set to significantly expand a program that allows residents to safely dispose of expired or unwanted medication simply by dropping it into a mailbox, reducing environmental hazards from improper disposal. According to the Ministry of Environment, as many as 43 municipal governments across the country could adopt [...]
SEOUL, Mar. 18 (Korea Bizwire) – As concerns grow over household debt levels in South Korea, a new analysis has found that nearly one-third of those who have taken out loans from insurance companies are overwhelmed by obligations to multiple lenders, raising fears of potential defaults. The study by Lee Suk-ho, a senior research fellow at [...]
SEOUL, Mar. 17 (Korea Bizwire) –In an ambitious push to tackle South Korea’s alarmingly low birth rate, officials in Seoul announced on Sunday that they would provide transportation subsidies to all pregnant women living in the capital, regardless of how long they have been residents. The measure, eliminating a previous six-month residency requirement, is part [...]
SEOUL, Mar. 17 (Korea Bizwire) – A fresh analysis reveals that wages in South Korea now surpass those in Japan across both major corporations and smaller enterprises, marking a significant shift over the past two decades. The Korea Enterprises Federation (KEF) unveiled a comprehensive report titled “International Comparison and Implications of Korea-Japan Wage Trends” on Sunday, [...]
SEOUL, Mar. 16 (Korea Bizwire) – In a revealing study on South Korea’s labor market dynamics and their impact on family planning, researchers have pointed to a stark disparity in birth rates between contract (irregular workers not covered by major insurance) and full-time corporate employees. The findings suggest that the fertility rate among women in [...]
SEOUL, March 16 (Korea Bizwire) – Major general hospitals have requested the government expand low-interest loans for them as the protracted walkout by trainee doctors has disrupted hospital operations, causing billions of won in deficits per day, sources said Friday. The walkout, which has continued for over three weeks, disrupted operations of major general hospitals [...]