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 [...]
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 [...]
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 [...]
SEOUL, Aug. 8 (Korea Bizwire) — South Korea may be hit hardest if the United States turns up the heat on China over trade issues as Seoul vies fiercely with Beijing for a bigger slice of the U.S. market, a report said Tuesday. The Korea International Trade Association (KITA) claimed in the report that Washington [...]
SEOUL, Aug. 8 (Korea Bizwire) — South Korea has been making efforts to classify indigenous species of biological resources as the country joins the global fray to secure sovereignty over them, a state-run think tank said Tuesday. Classification on what kinds of animals and plants inhabit the country is a vital step toward its endeavor [...]
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 [...]
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 [...]
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, [...]
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 [...]
SEOUL, Aug. 6 (Korea Bizwire) — The government is pushing to relocate the presidential office now situated at the foot of a mountain in Seoul to a state office complex in the downtown area in 2019, sources said Sunday. Later in the year, the government plans to launch a committee in charge of finalizing the [...]