SEOUL, June 29 (Korea Bizwire) – South Korea’s industry ministry said Friday it will add 243 more items that can potentially be used for military purposes to the list of products regulated for export to Russia and Belarus. The decision raised the number of such items to 1,402, as South Korea has been tightening its [...]
SEOUL, Jun. 28 (Korea Bizwire) – As nearly 8 out of 10 South Koreans spend their final moments in hospitals, a new regulation set to take effect in August will require general hospitals and long-term care facilities to install dedicated “end-of-life” rooms. This move by the government aims to ensure a more dignified conclusion to life [...]
SEOUL, June 27 (Korea Bizwire) — Two kinds of educational institutions for preschool children will be integrated as early as 2026, the Ministry of Education said Thursday, as part of efforts to narrow social disparities. The government will come up with detailed procedures for the integration of kindergartens and child care centers, which have been [...]
SEOUL, June 27 (Korea Bizwire) – The defense ministry said Thursday it has decided to ban physical discipline training in boot camp in the wake of the recent death of an Army conscript after a grueling disciplinary session. Last month, the soldier died two days after collapsing during the session that involved running laps and [...]
DAEJEON, Jun. 27 (Korea Bizwire) – In a contentious legal battle, three South Korean companies have filed a lawsuit against the state-run Korea Minting and Security Printing Corporation (KOMSCO), seeking 7.5 billion won in damages. The dispute stems from a scrapped government initiative to implement a deposit system for disposable cups. The deposit system required coffee [...]
SEOUL, Jun. 27 (Korea Bizwire) – The Ministry of Oceans and Fisheries of South Korea has announced a recruitment drive for “Observers” to monitor illegal fishing activities and conduct scientific research aboard the country’s distant water fishing vessels. These individuals, often referred to as “Sea Guardians,” play a crucial role in overseeing fishing operations at sea. [...]
SEOUL, Jun. 26 (Korea Bizwire) — The finance ministry said Wednesday it will provide low-interest loans of 17 trillion won (US$12.22 billion) next month for corporate investment in the semiconductor industry and will push to extend tax benefits for investment in strategic technologies. It is part of execution plans for the comprehensive support package worth [...]
BUSAN, Jun. 24 (Korea Bizwire) – As local governments across South Korea grapple with a looming demographic crisis, one district in the city of Busan is taking an unprecedented approach: offering substantial financial incentives for couples who meet through government-sponsored matchmaking events and decide to marry. Saha District in Busan announced on June 22 that it [...]
SEOUL, Jun. 24 (Korea Bizwire) – As South Korea grapples with a declining birth rate, the country is witnessing a significant demographic shift in its multicultural population. Experts predict a decrease in the proportion of preschool-aged children from multicultural families, while the percentage of middle and high school students, as well as young adults in their [...]
SEOUL, Jun. 24 (Korea Bizwire) – The Korea Occupational Safety and Health Agency (KOSHA) announced on June 23 that it is distributing multilingual safety and health educational materials to help foreign workers better understand industrial accidents and work more safely. In response to the growing number of foreign workers in various industries, particularly shipbuilding, where serious [...]