SEOUL, Sept. 4 (Korea Bizwire) – The government proposed raising the pension contribution rate to 13 percent from 9 percent and differentiating the pace of raising the contribution rate by age group, Health Minister Cho Kyoo-hong said, in what would be the biggest overhaul of the ailing pension system in 21 years. Details of the [...]
SEOUL, Sept. 3 (Korea Bizwire) –The government on Tuesday designated Armed Forces Day on Oct. 1 as a temporary holiday this year to boost troop morale and domestic consumption. A motion to designate the holiday was passed during a Cabinet meeting and signed off by President Yoon Suk Yeol later in the day. The [...]
SEOUL, Sept. 1 (Korea Bizwire) – South Korea will conduct offensive cyberdefense operations to protect critical national infrastructure from hacking attacks and counter disinformation, the presidential office said Sunday. The National Security Council (NSC) unveiled the National Cybersecurity Basic Plan jointly drawn up with 14 government agencies, including the spy agency, police as well as [...]
SEOUL, Aug. 29 (Korea Bizwire) — President Yoon Suk Yeol said Thursday that the government will pursue gradually increasing the pension premiums for the younger generation and the middle-aged generation at a different pace, as well as introduce mechanisms to enhance the pension system’s financial stability. Yoon outlined a set of reform measures during a [...]
SEOUL, Aug. 29 (Korea Bizwire) — The government and the ruling People Power Party (PPP) agreed Thursday to strengthen measures against deepfake sex crimes after a series of such pornography targeting young women on a messaging app sparked public outrage. During an emergency meeting at the National Assembly, the two sides also agreed to push [...]
SEOUL, Aug. 28 (Korea Bizwire) – The South Korean government has announced plans to implement a unified system for writing foreign names in administrative documents, a move aimed at reducing bureaucratic inefficiencies and confusion caused by inconsistent name notations. The Ministry of the Interior and Safety disclosed on August 28 that it has drafted a set [...]
SEOUL, Aug. 28 (Korea Bizwire) – The South Korean government has announced plans to grant private sector access to biodata held by public research institutions starting next year, in a move to bolster the country’s public biodata platform. The Ministry of Science and ICT disclosed this initiative on August 28 following the third regular meeting of [...]
SEOUL, Aug. 28 (Korea Bizwire) – Rival political parties held a parliamentary plenary meeting Wednesday and passed several key livelihood bills that have been stalled for months due to partisan disputes, including a nursing act that calls for nurses to play greater roles. It marks the first time since the 22nd National Assembly opened in [...]
SEOUL, Aug. 28 (Korea Bizwire) – As Seoul prepares to launch a controversial pilot program for foreign domestic workers next month, a heated debate has erupted over the wages these workers will receive. The program, set to begin on September 3, has drawn criticism for its potential to benefit only the wealthy and exacerbate existing labor [...]
SEOUL, Aug. 28 (Korea Bizwire) – A group of parents is preparing to take legal action against a controversial policy that bars student athletes from competing if they fail to meet minimum academic standards, a measure aimed at fostering student-athletes who are also strong academically. The Parents’ Alliance for South Korean Athletes has recently hired a [...]