SEOUL, Feb. 26 (Korea Bizwire) — The financial regulator said Monday that it will work to incentivize efforts by local businesses to enhance their own value that will in turn lead to increased returns to investors. The move comes as part of efforts to end the “Korea Discount,” where local shares are traded at prices [...]
SEOUL, Feb. 26 (Korea Bizwire) — Concerns over public health deepened Monday as surgeries were delayed or reduced as thousands of trainee doctors didn’t come to work for the seventh day in a row in protest of the government’s plan to boost the number of medical students. About 8,000 trainee doctors have left worksites to [...]
SEOUL, Feb. 26 (Korea Bizwire) – The South Korean government’s policy to increase the number of medical school seats has led to a collective action by doctors, resulting in a healthcare gap that has left patients out in the cold. Amidst this backdrop, the upcoming tvN drama “Wise Resident Life” is facing backlash for its portrayal [...]
SEOUL, Feb. 26 (Korea Bizwire) – In a recent ruling, the Seoul Administrative Court dismissed the argument of an electronic cigarette liquid importer, Company A, that its product should not be classified as tobacco because it was extracted from the stem, not the leaves, of the tobacco plant. The importer had been importing e-cigarette liquid made [...]
SEOUL, Feb. 26 (Korea Bizwire) – Amidst the ongoing economic challenges marked by high inflation and interest rates, recent data has revealed that individuals in their 30s and 40s who have taken on debt to purchase homes are the ones who have most drastically cut back on their spending following the rise in interest rates. A [...]
SEOUL, Feb. 26 (Korea Bizwire) – The Seoul Metropolitan Government announced on February 25 that it is seeking participants for its “Home Parking Lot” project, an initiative aimed at addressing the parking shortage in residential areas by converting unused spaces, such as vacant lots, into parking lots. This project, initially introduced in 2004 under the name [...]
SEOUL, Feb. 23 (Korea Bizwire) – In a dramatic turn of events, the medical community in South Korea has launched a series of protests, including mass resignations by resident doctors and a collective leave of absence by medical students, in opposition to the government’s plans to increase medical school admissions. This move has sparked widespread concern [...]
TOKYO, Feb. 23 (Korea Bizwire) – On February 22, a significant controversy resurfaced as the Japanese government, local municipalities, and certain conservative media outlets reiterated their contentious claim over Dokdo, an islet Korea asserts sovereignty over, but Japan refers to as “Takeshima.” This assertion was made during the observance of what is known as “Takeshima Day,” [...]
SEOUL, Feb. 23 (Korea Bizwire) – While South Koreans’ quality of life has seen some improvement, the country continues to rank near the bottom among OECD member nations in terms of life satisfaction. According to a recent report from Statistics Korea, the life satisfaction score for South Koreans in 2022 was 6.5, a slight increase of [...]
SEOUL, Feb. 23 (Korea Bizwire) — Nearly 80 percent of trainee doctors nationwide have submitted resignations and over 7,800 doctors walked off the job to protest a plan to raise the medical school enrollment quota, leading to the government’s issuance of the highest health alert amid an exacerbating medical system crisis. Intern and resident doctors [...]