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S. Korea Extends Natural Population Fall as Fertility Rate Falls to 0.7

S. Korea Extends Natural Population Fall as Fertility Rate Falls to 0.7

SEOUL, Aug. 30 (Korea Bizwire) — South Korea extended a natural decrease in population in June as the fertility rate hit yet another record low, data showed Wednesday, reflecting the grim demographic trend. Only 18,615 babies were born in June, down 1.6 percent from a year earlier, according to the monthly report from Statistics Korea. [...]

S. Korean Shipbuilders Employ Over 8,000 Foreign Workers in H1 amid Labor Shortage

S. Korean Shipbuilders Employ Over 8,000 Foreign Workers in H1 amid Labor Shortage

SEOUL, Aug. 30 (Korea Bizwire) — The South Korean government provided more than 10,000 workers, including around 8,400 foreign workers, for local shipbuilders in the first half of 2023 in an effort to ease pandemic-related labor shortages, the industry ministry said Wednesday. A total of 10,104 South Korean and foreign workers were employed by shipbuilders [...]

Seoul City Launches Initiative for Accessible Restrooms Discovery with Residents

Seoul City Launches Initiative for Accessible Restrooms Discovery with Residents

SEOUL, Aug. 30 (Korea Bizwire) — The Seoul Metropolitan Government said Tuesday it will launch the Wheelchair-Accessible Restrooms Discovery initiative, a joint effort with the city’s residents. The project, set to operate from Sept. 1 to Dec. 9, aims to improve the convenience of outings for individuals using wheelchairs, including those who are disabled or [...]

Foreign Seafarers on Longline Fishing Vessels to Increase amid Labor Shortages

Foreign Seafarers on Longline Fishing Vessels to Increase amid Labor Shortages

SEOUL, Aug. 30 (Korea Bizwire) — The number of foreign seafarers on longline fishing vessels is set to increase by 2,500 individuals. The Ministry of Justice on Monday provided its final approval for a proposal that had been put forth by the National Federation of Fisheries Cooperatives (NFFC). In an earlier agreement between the Federation [...]

PM Orders Review of Saemangeum Development Project from Scratch

PM Orders Review of Saemangeum Development Project from Scratch

SEOUL, Aug. 30 (Korea Bizwire) — Prime Minister Han Duck-soo instructed the government Tuesday to review the development plan for the southwestern reclaimed wetland of Saemangeum from scratch in a bid to improve its economic benefits, government sources said. The nation has been pushing to turn the 409-square-kilometer reclaimed area in North Jeolla Province into [...]

Introducing “Less Lethal” Handguns: Enhancing Police Safety and Accountability

Introducing “Less Lethal” Handguns: Enhancing Police Safety and Accountability

SEOUL, Aug. 29 (Korea Bizwire) — The police have made the decision to provide each local police officer, including those stationed at district and police boxes, with a firearm within a three-year timeframe, according to NPA’s announcement on Tuesday. This initiative includes the issuance of a .38 revolver as well as a low-risk revolver (or [...]

S. Korea Earmarks 520 bln Won for Ukraine Support Budget for 2024

S. Korea Earmarks 520 bln Won for Ukraine Support Budget for 2024

SEOUL, Aug. 29 (Korea Bizwire) — South Korea has tentatively allocated 520 billion won (US$393 million) in the state budget to be used in various support programs for Ukraine, including reconstruction-related projects, next year, according to the government’s budget proposal released Tuesday. Seoul’s funds earmarked for Ukraine-related projects for 2024 represents an over eightfold increase [...]

S. Korea to Invest 5 tln Won in R&D for 12 Strategic Technologies in 2024

S. Korea to Invest 5 tln Won in R&D for 12 Strategic Technologies in 2024

SEOUL, Aug. 29 (Korea Bizwire) — South Korea will funnel 5 trillion won (US$3.8 billion) into research and development (R&D) next year to promote 12 strategic technologies as part of the country’s long-term growth plan to take the global lead in up-to-date technologies, the science ministry said Tuesday. The 2024 amount increased 6.4 percent from [...]