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Archive by category Public Insight

Seoul’s Yongsan District Unveils High-Tech Crime Prevention Design Near Sookmyung University

SEOUL, July 4 (Korea Bizwire) — Yongsan District in central Seoul has completed a cutting-edge urban design project aimed at crime prevention in Cheongpa-dong, an area with a high concentration of single female households, officials announced Thursday. The initiative, led in partnership with Sookmyung Women’s University’s environmental design department, integrates smart technologies and tailored spatial [...]

South Korea Hosts Seminar to Expand Art-for-Tax Program Amid Growing Interest

SEOUL, July 4 (Korea Bizwire) — South Korea’s Ministry of Culture, Sports and Tourism and the Korea Visual Artists Copyright Association convened a special policy seminar Thursday in central Seoul to discuss the future of the country’s nascent “art-for-tax” program, which allows inherited artworks to be used in lieu of cash for paying estate taxes. [...]

Antibiotic Stewardship Program Stalls Amid Staffing Shortages, Widening Hospital Gaps

SEOUL, July 3 (Korea Bizwire) — South Korea’s ambitious initiative to curb antibiotic resistance through a national antibiotic stewardship program (ASP) is faltering due to widespread staffing shortages, with more than half of eligible hospitals unable to participate, a new government-commissioned report has found. The study, conducted by Hanyang University’s Industry-Academic Cooperation Foundation for the [...]

Seoul Moves to Lift ‘Korea Discount’ With Long-Awaited Corporate Reform

SEOUL, July 3 (Korea Bizwire) — South Korea’s National Assembly on Thursday passed a revised Commercial Act aimed at strengthening minority shareholder rights, a move welcomed by financial markets as a potential catalyst for resolving the longstanding “Korea Discount” that has weighed on domestic stock valuations. The legislation, which had previously been vetoed under the [...]

Lee Calls For Dialogue With Doctors To Help Resolve Medical Impasse

SEOUL, July 3 (Korea Bizwire) — President Lee Jae Myung on Thursday called for sufficient dialogue with trainee doctors to help resolve the prolonged medical impasse. Lee gave the instruction to his senior aides as thousands of trainee doctors have left their jobs since February last year in protest against the government’s medical reform. “Regarding [...]

Lee Lauds K2 Export Deal With Poland, Vows To Expand Cooperation In Defense Sector

SEOUL, July 3 (Korea Bizwire) — President Lee Jae Myung on Thursday praised Seoul’s recently completed defense export deal with Poland involving South Korean-produced K2 tanks, calling it a “splendid feat” for the Korean defense sector. Lee’s remarks came a day after the Defense Acquisition Program Administration (DAPA) announced that it had secured the second [...]

Police Raid KRX In Connection With Alleged Irregularity of BTS Agency Chairman

SEOUL, July 3 (Korea Bizwire) — Police have raided the Korea Exchange (KRX), South Korea’s stock market operator, as part of an investigation into allegations of irregularity involving the chairman of Hybe, the K-pop agency behind boy band BTS, according to sources Thursday. Investigators at the Seoul Metropolitan Police Agency raided the offices of the [...]

Lee Discusses Deepening of S. Korea-NATO Partnership In Phone Talks With Rutte

SEOUL, July 3 (Korea Bizwire) — President Lee Jae Myung held his first phone talks with Mark Rutte, secretary general of the North Atlantic Treaty Organization (NATO), on Thursday and discussed ways to deepen Seoul’s partnership with the transnational military alliance, Lee’s office said. During the call, Lee congratulated Rutte for the successful hosting of [...]

SME Minister Nominee To Sell Entire 2.3 Bln-Won Stake In Naver

SEOUL, July 3 (Korea Bizwire) — Han Seong-sook, the nominee for the minister of small and medium-sized enterprises (SMEs) and startups, has decided to sell her 2.3 billion-won (US$1.69 million) stake in Naver Corp., where she previously served as chief executive officer (CEO), once she takes office, government sources said Thursday. She currently holds nearly [...]

Lee Meets With Leaders Of 5 Minor Political Parties

SEOUL, July 3 (Korea Bizwire) — President Lee Jae Myung had a luncheon with the leaders of five minor political parties on Thursday and exchanged views on political and social issues, the presidential office said. Attending the meeting at the presidential residence were Kim Sun-min of the Rebuilding Korea Party; Cheon Ha-ram of the New [...]