SEOUL, Dec. 29 (Korea Bizwire) – On December 28, the Ministry of Health and Welfare released findings from its inaugural nationwide survey on senior citizens aged 65 and above who engage in waste paper collection as a means of livelihood. The survey disclosed that there are 42,000 such individuals across the country. This marks the first [...]
SEOUL, Dec. 28 (Korea Bizwire) — The culture ministry said Thursday it will move away from one-time, small grants distributed to a wide range of artists toward more targeted and impactful support for large-scale projects over the years. The shift aims to enhance the capabilities of the art world and bolster the country’s cultural presence [...]
SEOUL, Dec. 28 (Korea Bizwire) — South Korea struck a free trade agreement (FTA) with a group of Arab countries Thursday, a move expected to strengthen Seoul’s export competitiveness and boost energy security, the industry ministry here said. South Korea’s Trade Minister Ahn Duk-geun and Secretary General of the Gulf Cooperation Council (GCC) Jassim Muhammad [...]
SEOUL, Dec. 28 (Korea Bizwire) — The Navy said Thursday it selected the 2,500-ton ROKS Gwangju frigate as this year’s “top gun” ship following an annual assessment of its warships’ combat capabilities. The frigate of the Third Fleet based in Yeongam County, 308 kilometers south of Seoul, won the title after scoring top marks in [...]
SEOUL, Dec. 28 (Korea Bizwire) — A pivot in monetary tightening modes, weak domestic demand and uncertainties over the property market may pose risks to financial stability, although the country’s financial system remains relatively stable, a central bank report showed Thursday. In its report on financial stability, the Bank of Korea (BOK) said market expectations [...]
SEOUL, Dec. 28 (Korea Bizwire) — The state arms procurement agency on Thursday delivered the first model of the new TA-50 Block 2 trainer jet to the Air Force. The delivery is part of a 1 trillion-won (US$771.8 million) project to supply 20 TA-50 Block 2 trainers to the Air Force through 2026, according to [...]
SEOUL, Dec. 27 (Korea Bizwire) — The culture ministry announced Wednesday it will not grant copyright registration to artificial intelligence (AI)-generated content, drawing a clear line on the controversial issue of whether to legally recognize the creativity of such content. The Ministry of Culture, Sports and Tourism unveiled the plan as part of a set [...]
SEOUL, Dec. 27 (Korea Bizwire) — The National Election Commission (NEC) said Wednesday it will introduce a manual ballot counting system for general elections in April in an effort to ensure transparency and prevent potential election rigging. Currently, machines are used to sort out and count votes. Under the envisioned new system, however, ballots will [...]
SEOUL, Dec. 27 (Korea Bizwire) — North Korea will continue to escalate its nuclear threats against the United States and South Korea next year while seeking to improve its capabilities to strike back with a nuclear weapon if it comes under a nuclear attack, experts said Wednesday. Jun Bong-geun, a professor emeritus at the state-run [...]
SEOUL, Dec. 27 (Korea Bizwire) — The employment rate of North Korean defectors in South Korea reached a new high of 60.5 percent earlier this year, a report showed Wednesday, in a sign of improving living conditions for those who fled from the North. The April figure — which serves as annual statistics for North [...]