JEJU, Jan. 12 (Korea Bizwire) – Jeju Island in South Korea is set to fully implement a new program designed to compensate local residents and landowners who contribute to the preservation of the island’s natural environment. The initiative will soon be recruiting participants, following the establishment of implementation guidelines. These guidelines include setting an hourly wage [...]
SEOUL, Jan. 12 (Korea Bizwire) – In a significant advancement for military training facilities, the South Korean Army has unveiled the nation’s first shooting range with a barrier wall structure, designed to drastically reduce grenade shrapnel, stray bullets, and firing noise. This ground-breaking development represents a major step forward in enhancing both training efficiency and community [...]
SEOUL, Jan. 11 (Korea Bizwire) – In a noteworthy development announced Thursday by Seoul’s unification ministry, responsible for inter-Korean affairs, South Korea is set to launch its first annual global survey this year to assess awareness regarding the potential unification with North Korea. The survey, spanning various countries including the United States, Japan, Germany, and [...]
SEOUL, Jan. 11 (Korea Bizwire) – The government and the ruling People Power Party (PPP) agreed on Thursday to expunge records of overdue loan repayments for small business owners and those in vulnerable groups if they repay all of their debts by May. The “credit pardons” will be granted to individuals with 20 million won [...]
SEJONG, Jan. 11 (Korea Bizwire) – South Korea’s trade commission said Thursday it will launch a probe into alleged patent infringement involving a China-made smartphone battery and battery material. The Korea Trade Commission (KTC) said it plans to look into whether the patent by LG Chem Ltd.’s cathode material utilized in battery production, known as [...]
SEOUL, Jan. 11 (Korea Bizwire) – A recent study by the National Pension Research Institute has uncovered a concerning reality for South Korea’s older population. Nearly half of the individuals over 50 years old find themselves without support in times of sudden financial need. As part of the study, over 6,200 people aged 50 and above [...]
SEOUL, Jan. 11 (Korea Bizwire) — South Korea’s science ministry said Thursday it aims to launch a full-fledged space agency in May, with the nation seeking to join the ranks of advanced nations of spaceflight. The planned launch of the Korea AeroSpace Administration (KASA), which came as the National Assembly passed a set of bills [...]
SEOUL, Jan. 11 (Korea Bizwire) — South Korea will provide US$3 million worth of humanitarian assistance to Japan’s Ishikawa Prefecture to help the region cope with the aftermath of an earthquake that killed more than 200 people, the foreign ministry said Thursday. The government hopes the aid will help with the region’s recovery efforts and [...]
SEOUL, Jan. 11 (Korea Bizwire) — The Supreme Court on Thursday upheld another appellate court ruling that ordered a Japanese company to compensate the family of a late South Korean forced into wartime labor during Japan’s 1910-1945 colonial rule. The top court handed down the decision on a damages suit filed by the victim’s family [...]
SEOUL, Jan. 11 (Korea Bizwire) – Over 8,000 permanent residents have fulfilled South Korea’s military service over the past two decades under a voluntary enrollment system, the Military Manpower Administration (MMA) said Thursday. The manpower agency adopted the voluntary enrollment system in 2004 to allow overseas residents whose mandatory military service was exempted or postponed [...]