SEOUL, Jun. 13 (Korea Bizwire) – A new survey has underscored the increasing adoption of digital technologies like kiosks among older South Koreans, even as significant hurdles remain for many in that demographic navigating the online world. The report, released June 12 by the Seoul Digital Foundation after interviewing 5,500 residents aged 19 and above, found [...]
SEOUL, June 12 (Korea Bizwire) – The South Korean units of Google and Apple were among firms here fined for allegedly violating a law on location data collection, the telecom regulator said Wednesday. Google’s Korean unit was ordered to pay a fine of 3 million won (US$2,180) for allegedly violating a clause on disclosing its [...]
SEOUL, Jun. 12 (Korea Bizwire) – Despite spending 47 trillion won last year to tackle the country’s chronically low birth rate, about half of that budget was allocated to programs unrelated to the core issue, experts warned, calling for a restructuring of government spending to better address the demographic crisis. At a seminar on June 11 [...]
SEOUL, Jun. 12 (Korea Bizwire) — South Korea’s chief central banker on Wednesday emphasized the importance of a timely shift toward a monetary easing policy as inflation in Asia’s fourth-largest economy still runs high. In a speech to celebrate the 74th anniversary of the central bank’s establishment, Bank of Korea Gov. Rhee Chang-yong said inflation [...]
SEOUL, Jun. 10 (Korea Bizwire) – South Korea is set to introduce swifter penalties for non-custodial parents who defy court orders to pay child support, including travel bans and driver’s license suspensions if the amount in arrears is over 30 million won or they are delinquent on more than three payments. The Ministry of Gender Equality [...]
CHUNCHEON, Jun. 5 (Korea Bizwire) –A proposal to develop Camp Page, a 520,000 square meter former United States military base in the heart of Chuncheon, has sparked a bitter divide within the local community, pitting residents who support the project against those who demand a restart of the process. The site, which has remained largely [...]
DAEJEON, Jun. 4 (Korea Bizwire) –The Korea Advanced Institute of Science and Technology (KAIST) signed two memorandums of understanding on June 4, bolstering its collaborations with emerging scientific institutions in Kenya to address pressing global issues. One agreement was inked with the board of the Kenya Advanced Institute of Science and Technology (Kenya-AIST), an institution [...]
SEOUL, Jun. 4 (Korea Bizwire) –The Seoul Metropolitan Government announced on May 4 that it will produce its bottled drinking water brand Arisu in 100% recycled plastic PET bottles. Last year, the city supplied Arisu in bottles made with 30% recycled plastic, which had received certification from the Ministry of Environment and the Ministry of [...]
SEOUL, Jun. 4 (Korea Bizwire) – South Korea’s central bank is constructing a broadcast-quality studio to boost its communication efforts with the public on monetary policy decisions. The Bank of Korea recently awarded an 800 million won contract to purchase and install professional equipment for the studio, which will be located on the fourth floor of [...]
SEOUL, Jun. 3 (Korea Bizwire) — The government will extend greater tax benefits and tailored support to smaller companies to help them become second-tier midsized firms in an effort to create quality jobs and spur growth momentum, the finance ministry said Monday. A set of such supportive measures were presented during an economic ministers’ meeting [...]