SEOUL, Aug. 28 (Korea Bizwire) – The South Korean government is set to establish a new national technical qualification in the field of smart manufacturing, a cutting-edge manufacturing process that integrates Information Technology (IT) and Artificial Intelligence (AI). On August 27, the Ministry of Employment and Labor announced the approval of an amendment to the enforcement [...]
SEOUL, Aug. 28 (Korea Bizwire) — The government plans to supply a record amount of 170,000 tons of high-demand foodstuffs and provide a discount worth 70 billion won (US$52.63 million) for the upcoming Chuseok holiday, the finance ministry said Wednesday. They are part of a set of measures meant to better support the livelihoods of [...]
SEOUL, Aug. 28 (Korea Bizwire) — The health ministry on Wednesday unveiled a set of measures to deal with emergency care before and after the Chuseok holiday next month, as doctors have warned of possible disruption of emergency rooms due to a protracted walkout by junior doctors. Under the measures, health authorities will keep 4,000 [...]
SEOUL, Aug. 27 (Korea Bizwire) – In a move to enhance consumer protection and transparency in the veterinary industry, South Korea is set to implement new measures requiring animal hospitals to display their service fees more prominently. Prime Minister Han Duck-soo presided over a meeting of the Consumer Policy Committee on August 26 at the Seoul [...]
SEOUL, Aug. 27 (Korea Bizwire) – The government on Tuesday proposed a budget of 677.4 trillion won (US$509.71 billion) for next year as it seeks to increase welfare spending for vulnerable people and prop up economic growth while ensuring fiscal health. The proposed budget for 2025, endorsed by the Cabinet on the day, marks a [...]
SEOUL, Aug. 27 (Korea Bizwire) — The price cap for meals for public servants and select other professions was raised to 50,000 won (US$38) from 30,000 won under a revised enforcement ordinance Tuesday. The revised enforcement ordinance to the Improper Solicitation and Graft Act, commonly known as the Kim Young-ran law, was approved by the [...]
SEJONG, Aug. 27 (Korea Bizwire) — Industry Minister Ahn Duk-geun has confirmed that the government will increase electricity prices after summer comes to a close, in an effort to ease financial burdens on Korea Electric Power Corp (KEPCO). “We plan to raise electricity bills,” Ahn said during a meeting with reporters in the central city [...]
SEOUL, Aug. 27 (Korea Bizwire) – South Korea has increased funding for North Korean defectors to support their early settlement as part of its budget proposal for next year, in line with its new unification blueprint. The unification ministry’s budget proposal, which was approved by the Cabinet on Tuesday, came to 1.55 trillion won (US$1.17 [...]
SEOUL, Aug. 27 (Korea Bizwire) — The government’s proposal of maintaining a tight budget in 2025 illustrated its commitment to fiscal policy normalization amid the tax revenue shortfall, but calls for greater fiscal policy roles have also grown in the face of weak domestic demand and longer-term growth momentum, experts said Tuesday. The finance ministry [...]
SEOUL, Aug. 26 (Korea Bizwire) – The Ministry of the Interior and Safety announced on August 25 that it will broaden its disaster alert system to include multiple languages, aiming to better inform the growing foreign population in South Korea during emergencies. The government has been sending disaster text messages in English and Chinese through its [...]