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Survey Shows Nearly Three-Quarters of Economists Anticipate Prolonged Low Growth

Survey Shows Nearly Three-Quarters of Economists Anticipate Prolonged Low Growth

SEOUL, Dec. 12 (Korea Bizwire) — Nearly three-fourths of local economic experts expect South Korea’s economic growth to remain stuck in a low range over the long term amid overseas risks, a poll showed Tuesday. The survey of 211 professors of economics and business administration showed 73.2 percent of the respondents predict the economy to grow [...]

Police Initiate Probe into Reported Coercive Repatriation of 22 Uzbek Students by University

Police Initiate Probe into Reported Coercive Repatriation of 22 Uzbek Students by University

Osan, South Korea, Dec. 12 (Korea Bizwire) — Police are looking into a claim that a university in a city south of Seoul repatriated 22 Uzbek students against their will before the end of semester, officials said Tuesday. According to Hanshin University, 23 Uzbek nationals attending a language institute on its campus in the city of Osan, just south [...]

Farmers in the Dog Meat Industry Rally Against Proposed Ban on Dog Meat Consumption

Farmers in the Dog Meat Industry Rally Against Proposed Ban on Dog Meat Consumption

SEOUL, Dec. 12 (Korea Bizwire) — An association of dog meat farmers held a protest rally Tuesday against a proposed bill banning the consumption of dog meat, saying unilateral legislation amounts to an abuse of legislative power. The protest by members of the Korean Dog Meat Association came as a subcommittee of the parliamentary committee on agriculture and food was set to discuss a special bill banning the raising of dogs for meat, as well as the butchering, distributing and selling [...]

Ministry of Education Debuts Innovative Math Program for Primary Education

Ministry of Education Debuts Innovative Math Program for Primary Education

SEOUL, Dec. 13 (Korea Bizwire) – The South Korean Ministry of Education, in collaboration with the Korea Foundation for the Advancement of Science & Creativity, announced on December 12 the trial operation of ‘AlgeoMath Kids’, a new educational tool for primary school students. This pilot program will run from December 15 until March of next year, [...]

Kookmin Bank Call Center Employees Rally Against Abrupt Layoffs, Seek Reinstatement

Kookmin Bank Call Center Employees Rally Against Abrupt Layoffs, Seek Reinstatement

DAEJEON, Dec. 13 (Korea Bizwire) – Amidst an abrupt termination of contracts by KB Kookmin Bank with its call center service providers in the Daejeon area, a growing number of non-regular employees, primarily call center associates, are intensifying their protests demanding the invalidation of their layoffs and assurances for employment succession. On December 12, union representatives, [...]

S. Korea Aims to Construct Cold Chain Logistics Center in Netherlands by 2027

S. Korea Aims to Construct Cold Chain Logistics Center in Netherlands by 2027

AMSTERDAM/SEOUL, Dec. 12 (Korea Bizwire) — South Korea aims to build a cold chain logistics center in the Dutch port city of Rotterdam by 2027, the presidential office said. The project will be pursued under a letter of intent to be signed between South Korea’s Busan Port Authority and the Netherlands’ Port of Rotterdam Authority [...]

S. Korea to Make Efforts to Ease Foreign Investors’ Concerns about Tensions on Peninsula: Minister

S. Korea to Make Efforts to Ease Foreign Investors’ Concerns about Tensions on Peninsula: Minister

SEOUL, Dec. 11 (Korea Bizwire) — South Korea’s unification minister said Monday the government will make efforts to assuage foreign investors’ concerns about heightened tensions on the Korean Peninsula, saying his country has been beefing up a readiness posture against North Korea’s potential provocations. Unification Minister Kim Yung-ho made the remark during his meeting with [...]

Yoon, Modi Exchange Messages Marking 50th Anniversary of Diplomatic Ties

Yoon, Modi Exchange Messages Marking 50th Anniversary of Diplomatic Ties

SEOUL, Dec. 11 (Korea Bizwire) — President Yoon Suk Yeol and Indian Prime Minister Narendra Modi have exchanged congratulatory messages marking the 50th anniversary of the establishment of diplomatic relations between the two countries, the foreign ministry said Monday. In the message marking their establishment of formal ties on Dec. 10, 1973, Yoon said the [...]