SEOUL, March 25 (Korea Bizwire) – Finance Minister Choi Sang-mok said Monday that the government will devise measures to boost the competitiveness of the farming industry and revamp its logistics structure as surging prices of fruits and fresh food items have pushed up inflation. Choi announced the plan during a visit to a major discount [...]
SEOUL, March 25 (Korea Bizwire) – The antitrust regulator said Monday it will launch a study into the e-commerce sector to analyze the market structure and check competition issues as part of efforts to ensure fair business practices amid a growing number of online shopping consumers. Four-week preliminary market research will begin Tuesday to collect [...]
SEOUL, Mar. 25 (Korea Bizwire) – The ubiquitous use of disposable wet wipes across South Korean households and businesses is incurring an environmental toll that has raised alarms, with a recent government study estimating that the annual cost of managing the resulting waste has reached a staggering 1.78 trillion won. The findings, contained in a report [...]
SUWON, Mar. 25 (Korea Bizwire) – In an effort to improve physical fitness and promote a more active lifestyle among its residents, Gyeonggi Province in South Korea is set to introduce a pioneering “sports points” program next year, after completing a policy research study on the initiative this month. The proposed program, dubbed the “Gyeonggi Sports [...]
SEOUL, Mar. 22 (Korea Bizwire) – Starting this year, South Korea will implement measures to enhance transparency in the relationship between healthcare professionals and pharmaceutical and medical device companies. The Ministry of Health and Welfare has announced guidelines for compiling reports detailing the economic benefits provided to doctors and pharmacists. In 2021, amendments were made to [...]
SEOUL, Mar. 22 (Korea Bizwire) — Prime Minister Han Duck-soo said Friday that the government will deploy additional military surgeons and public health doctors to help cope with the prolonged walkout by junior doctors. Over 90 percent of the country’s 13,000 junior doctors have been on mass resignations for more than a month, protesting against [...]
SEOUL, Mar. 22 (Korea Bizwire) – As the South Korean government finalizes plans to increase enrollment at medical schools by 2,000 students, a leading voice in the medical community has sounded the alarm about a potential exodus of aspiring doctors disillusioned with the changes. “Many residents are preparing for medical licensing exams in the United States [...]
SEOUL, Mar. 21 (Korea Bizwire) – The number of South Koreans opting to receive their national pension benefits before the official retirement age, despite incurring a financial penalty, has reached nearly one million, reflecting the economic struggles faced by many retirees. According to data from the National Pension Service released on March 20, the total number [...]
SEOUL, Mar. 21 (Korea Bizwire) — The health ministry said Thursday it will begin suspending medical licenses of trainee doctors who have defied a return-to-work order from next week, as the government pushed ahead with its plan to hike the number of medical students. A monthlong walkout by trainee doctors in protest of the hike [...]
SEOUL, Mar. 21 (Korea Bizwire) — The state-run Korea Electric Power Corp. (KEPCO), South Korea’s electricity monopoly, said Thursday it has decided to freeze electricity prices for the second quarter. In 2023, KEPCO raised the rates three times — by 13.1 won per kilowatt hour (kWh) in the first quarter, 8 won in the second [...]