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PyeongChang Olympics Economic Boon for Host S. Korea

PyeongChang Olympics Economic Boon for Host S. Korea

SEOUL, Aug. 10 (Korea Bizwire) — With less than 200 days remaining before the start of the 2018 PyeongChang Winter Olympics, South Korea is going all-out to make the event a successful endeavor for the host country, with the economic benefits being at the forefront of things being keenly considered. Earlier, Lee Hee-beom, the chief [...]

Moon Introduces New, Improved Health Care to Lessen Medical Expenses

Moon Introduces New, Improved Health Care to Lessen Medical Expenses

SEOUL, Aug. 9 (Korea Bizwire) — President Moon Jae-in on Wednesday introduced a government move to significantly reform the state-run health care program that will greatly reduce the medical expenses of patients, especially those in the low-income bracket, while providing new and enhanced benefits. At the same time, the president vowed to keep the rise [...]

Government Revises Hiring Regulations to Promote Merit-Based ‘Blind’

Government Revises Hiring Regulations to Promote Merit-Based ‘Blind’

SEOUL, Aug. 9 (Korea Bizwire) – The government will not demand photo or other personal information unrelated to work from applicants when hiring experienced employees starting late this month, as part of efforts to promote merit-based “blind” hiring, the Ministry of Personnel Management said Wednesday. The ministry said it has revised regulations to introduce a [...]

Giant Coffee Cups Boost Recycling in Seocho District

Giant Coffee Cups Boost Recycling in Seocho District

SEOUL, Aug. 8 (Korea Bizwire) —In an attempt to encourage pedestrians to recycle, Seoul’s Seocho District is flexing its creative muscle. On August 7, the district office announced that it will place 44 recycling bins designed to look like giant coffee cups throughout the streets of the Gangnam and Banpo neighborhoods. Standing waist high, these garbage [...]

Gov’t to Adopt Pre-approval System for Biocidal Products from 2019

Gov’t to Adopt Pre-approval System for Biocidal Products from 2019

SEOUL, Aug. 8 (Korea Bizwire) — The government said Tuesday it will implement a prior approval system for biocidal products, such as disinfectants, starting in 2019, in a preventive measure after unscreened use of a deadly substance in a household humidifier disinfectant resulted in more than 70 deaths here. The Ministry of Environment announced the [...]

Cars to be Banned in Gwanghwamun Square, Presidential Office to Move In

Cars to be Banned in Gwanghwamun Square, Presidential Office to Move In

SEOUL, Aug. 7 (Korea Bizwire) — Gwanghwamun Square in the heart of Seoul will soon belong to pedestrians as the Seoul city government is reportedly drawing up plans to reconfigure the area. A focal point of the restructuring is redirecting automobile traffic while also beautifying the area. A city official spoke on the government’s intentions, [...]

Electronics Firms to Join Gov’t Arms Procurement Deal for 1st time

Electronics Firms to Join Gov’t Arms Procurement Deal for 1st time

SEOUL, Aug. 7 (Korea Bizwire) — The South Korean government has allowed electronics companies to join a weapons procurement project with a foreign contractor for the first time, enabling them to sell products in return for a contract, an industry source said Monday. Under an “offset” procurement program, a foreign contractor is obliged to undertake [...]