SEJONG, May 22 (Korea Bizwire) – As South Korea’s minimum wage council begins deliberations this year to set the wage floor for 2025, labor representatives are pushing to extend minimum pay protections to gig workers and freelancers, a move that could upend compensation practices across a widening swath of the economy. At the first plenary meeting [...]
SEOUL, May 21 (Korea Bizwire) – A tense standoff has emerged between Hyundai Motor Group and the Seoul Metropolitan Government over the proposed height of buildings in the forthcoming Global Business Complex (previously Global Business Center) slated for Seoul’s affluent Gangnam district. The discord centers on the maximum number of floors for the tallest skyscraper in [...]
SEOUL, May 20 (Korea Bizwire) – In a bold move towards a more sustainable future, Seoul has announced a comprehensive strategy to reduce the use of single-use plastics, aptly dubbed the Plastic-Free Seoul initiative. Starting from September, events and festivals hosted by the city with an anticipated attendance of 1,000 or more people will be prohibited [...]
SEOUL, May 20 (Korea Bizwire) — The Seoul city government announced Monday it will invest 250.6 billion won (US$184.8 million) over the next five years to attract foreign talent and businesses, aiming to boost the city’s global competitiveness. The plan, announced by Seoul Mayor Oh Se-hoon, came amid an increasing foreign population in Seoul, with [...]
SEOUL, May 20 (Korea Bizwire) — The government has come under criticism for retracting a plan to force the Korea Certification (KC) safety mark on certain goods directly purchased overseas, following strong protests from consumers. The government said Sunday its proposed ban on direct overseas purchases of 80 types of goods that may affect public [...]
SEOUL, May 18 (Korea Bizwire) – The Seoul Metropolitan Government announced on May 16 that it will provide an electronic newspaper service to 3,000 disabled individuals and their families, transitioning from the paper-based news previously distributed to over 1,000 facilities and organizations serving the disabled community. The Korea Disabled News, a specialized publication covering disability welfare [...]
SEOUL, May 17 (Korea Bizwire) – South Korea will prohibit direct overseas purchases of products without safety certifications for 80 items that could potentially affect public health and safety, the government announced on May 16. At a meeting of ministers handling state affairs at the Incheon Airport Customs headquarters, Prime Minister Han Duck-soo unveiled measures to [...]
SEOUL, May 17 (Korea Bizwire) — South Korea will use the term “national heritage” instead of “cultural property,” a term that had been in use for more than 60 years, as a new law came into force Friday. Under the new Framework Act on National Heritage, the governing body overseeing cultural heritage matters, formerly the [...]
SEOUL, May 16 (Korea Bizwire) – South Korea’s industry ministry said Thursday it plans to make a proactive move to promote the use of wind power and solar energy in line with efforts to harness renewable sources to achieve carbon neutrality. Under this goal, the government plans to supply renewable energy production facilities with a [...]
SEOUL, May 16 (Korea Bizwire) – The Seoul city government said Thursday it will introduce a daily transit pass for tourists in July, offering unlimited access to the city’s subways and buses for a temporary period in the latest move to enhance the city’s competitiveness as a global tourist spot. The Seoul metropolitan government said [...]