SEOUL, Aug. 14 (Korea Bizwire) — The South Korean government is moving to ease staffing requirements for home-based hospice services in an effort to expand access to end-of-life care that allows patients to die with dignity at home. According to the Ministry of Health and Welfare, a proposed amendment to the enforcement regulations of the Act [...]
SEOUL, Aug. 14 (Korea Bizwire) — Hanwha Aerospace Co., a major South Korean defense firm, has signed an agreement to export its homegrown K9 self-propelled howitzers to Vietnam, marking the first arms sale to the Southeast Asian country, industry sources said Thursday. Under the government-to-government deal worth US$250 million concluded last month, Hanwha Aerospace will [...]
SEOUL, Aug. 14 (Korea Bizwire) — The state arms procurement agency has launched a 47.6 billion-won (US$34.4 million) project to upgrade military wheeled armored vehicles, aiming to enhance operational capabilities, officials said Thursday. The Defense Acquisition Program Administration (DAPA) announced the decision after a meeting the previous day with Hyundai Rotem Co., which is leading [...]
SEOUL, Aug. 14 (Korea Bizwire) — The South Korean government will create an interagency task force to support a shipbuilding partnership with the United States, a project officials say could open new markets for Korean shipyards while aiding the revival of America’s own maritime industry. Industry Minister Kim Jung-kwan announced the plan on Thursday during [...]
SEOUL, Aug. 14 (Korea Bizwire) — Hyundai Steel has withdrawn a 4.61 billion won ($3.4 million) damages lawsuit against members of its irregular workers’ union, who staged a strike in 2021. The move comes as the ruling Democratic Party pushes to pass the so-called “Yellow Envelope Law” this month, aimed at limiting companies’ ability to seek [...]
SEOUL, Aug. 14 (Korea Bizwire) — Nearly 80 years after Korea’s liberation from Japanese colonial rule, a majority of South Koreans believe remnants of pro-Japanese collaboration remain unaddressed, according to a new survey released Wednesday by the Heritage of Korean Independence (HKI). The nationwide poll, conducted August 1–7 by Korea Data World, found that 70.9% [...]
SEOUL, Aug. 14 (Korea Bizwire) — President Lee Jae-myung’s signature higher-education pledge to create “10 new Seoul National Universities” has been adopted as an official state agenda item, setting the stage for full-scale implementation. The initiative, part of the administration’s effort to tackle longstanding regional disparities in education quality, aims to invest heavily in regional [...]
SEOUL, Aug. 13 (Korea Bizwire) — South Korea will hold a ceremony this week commemorating President Lee Jae Myung’s recent election and the 80th anniversary of Liberation Day, the interior ministry said Wednesday. The special ceremony symbolizing Lee’s appointment by the people will take place at Gwanghwamun Square in downtown Seoul on Friday in a [...]
SEOUL, Aug. 13 (Korea Bizwire) — President Lee Jae Myung and Saudi Crown Prince Mohammed bin Salman agreed to further strengthen the two countries’ cooperation as they held phone talks Wednesday, Lee’s office said. In their first phone call since Lee’s inauguration in June, the two leaders noted bilateral cooperation has expanded beyond the traditional [...]
SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s Presidential Committee on National Planning unveiled Wednesday a comprehensive set of labor policy initiatives that would extend protections to the country’s smallest workplaces and strengthen rights for all workers. The proposals are part of President Lee Jae Myung’s broader agenda for his term, aimed at modernizing the nation’s [...]