SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s on-year employment grew at a slower pace in 2023 as the number of newly employed fell in the manufacturing sector and among young people, data showed Wednesday. The number of employed people rose 327,000 in 2023 from a year earlier, or 1.2 percent, to come to 28.41 [...]
SEOUL, Jan. 10 (Korea Bizwire) — Roh So-young, the estranged wife of SK Group Chairman Chey Tae-won, is said to have virtually doubled her claim for alimony and division of Chey’s wealth in their ongoing divorce appellate trial to over 2 trillion won (US$1.5 billion), judicial officials said Wednesday. Chey, who runs South Korea’s second-largest [...]
SEOUL, Jan. 10 (Korea Bizwire) – In a significant step towards combating high-risk crimes like stalking and domestic violence, South Korea’s National Police Agency has reported five instances where private security intervention prevented further harm to victims. This success comes from a pilot program run from June to December last year in regions including Seoul, Incheon, [...]
SEOUL, Jan. 10 (Korea Bizwire) – A recent analysis of the 2024 academic year’s regular admissions by Jongno Academy revealed that over 30% of universities recorded a competition rate of less than 3 to 1, indicating an admissions rate below the required threshold. The study analyzed 188 universities nationwide, finding an average competition rate of 4.67 [...]
SEJONG, Jan. 10 (Korea Bizwire) – In response to the decreasing student population in South Korea, local education offices are set to actively recruit international students. The Ministry of Education announced on January 9 that nine education offices, including Gwangju, North Gyeongsang Province, Daegu, Busan, Seoul, Incheon, South Jeolla Province, South Chungcheong Province, and North Chungcheong [...]
GIMHAE, Jan. 10 (Korea Bizwire) – The city of Gimhae in South Gyeongsang Province has announced the launch of its newly revamped multilingual website, starting this month, to better serve the city’s large foreign population. Gimhae, home to over 20,000 foreign residents including foreign workers and multicultural families, ranks as the city with the highest foreign [...]
SEOUL, Jan. 10 (Korea Bizwire) – The South Korean Ministry of Food and Drug Safety (MFDS) has announced that clinical trials for low-risk medical devices, including medical artificial intelligence (AI), can now be conducted without the need for clinical plan approval from the MFDS. This change will also allow trials to be conducted outside of designated [...]
SEOUL, Jan. 9 (Korea Bizwire) – The National Assembly was set to pass a special bill banning dog meat consumption Tuesday, paving the way for a legal ban on the practice that has fallen out of favor in recent decades. The ruling People Power Party (PPP) and the main opposition Democratic Party (DP) have jointly [...]
SEOUL, Jan. 9 (Korea Bizwire) – South Korea’s military is expected to resume exercises in buffer zones set under a 2018 inter-Korean military accord as they have become effectively invalid after North Korea’s recent artillery firing, officials said Tuesday. On Monday, the South’s military said it will resume artillery firings and drills near the sea [...]
SEOUL, Jan. 9 (Korea Bizwire) – The opposition-led National Assembly on Tuesday passed a special bill on the launch of a committee to reopen an investigation into a deadly 2022 crowd crush in Seoul’s Itaewon district. The bill, approved at a plenary meeting, aims to provide support to the victims and their bereaved family members [...]