SEOUL, Jan. 21 (Korea Bizwire) — President Lee Jae-myung on Tuesday signaled a push for stronger government intervention in everyday cost-of-living issues, calling for the development of low-cost sanitary pads — potentially distributed free of charge — while pressing ministers to accelerate reforms across welfare, labor safety and public integrity. Speaking at a Cabinet meeting at [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s government said Tuesday it plans to expand its popular “Culture Day” program to every Wednesday, a move aimed at broadening public access to museums, heritage sites and entertainment venues. The Ministry of Culture, Sports and Tourism announced that it will seek to revise the enforcement decree of the [...]
SEOUL, Jan. 21 (Korea Bizwire) — Seoul city officials said Tuesday that hundreds of complaints filed by foreign visitors since the launch of a QR-based taxi reporting system have revealed widespread concerns over overcharging, prompting stepped-up enforcement against illegal fare practices. Since introducing the “Taxi QR Complaint System” in June last year — the first such [...]
SEOUL, Jan. 20 (Korea Bizwire) – The South Korean government said Tuesday that it would introduce a temporary tax incentive aimed at encouraging retail investors to bring money back home, as policymakers seek to stem persistent capital outflows that have weighed on the nation’s currency. Under the plan, individual investors who sell overseas stocks this [...]
SEOUL, Jan. 20 (Korea Bizwire) – The chief of the country’s financial watchdog said Tuesday that his agency will look into risks related to private equity funds (PEFs), highlighting that illegal and unfair practices by some PEF operators may seriously undermine market principles. In a meeting with the heads of a dozen PEFs here, Lee [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea is confronting renewed debate over its drone regulations as the number of registered unmanned aircraft approaches 70,000 and hobbyists increasingly complain that the country’s rules are among the world’s most restrictive. Online forums and instructional videos about drones are frequently filled with frustrated comments from users who say [...]
SEOUL, Jan. 19 (Korea Bizwire) — The South Korean government is moving to expand traditional hanok architecture as part of a broader effort to strengthen regional tourism and revive smaller cities, officials said Monday, amid growing global interest in Korean culture. The Ministry of Land, Infrastructure and Transport said demand for hanok-based experiences has risen alongside [...]
SEOUL, Jan. 19 (Korea Bizwire) – South Korea aims to join forces with North Korea to seek UNESCO recognition for the traditional martial art of taekwondo as a shared intangible cultural heritage, officials said Monday. The Cultural Heritage Committee, an advisory body to the Korea Heritage Service (KHS), has selected taekwondo as the next candidate [...]
SEOUL, Jan. 16 (Korea Bizwire) — Foreign students who graduate from South Korean universities face steep hurdles in securing stable residency through employment, according to a new academic study, raising questions about the country’s ability to retain international talent amid demographic decline. The findings, published Friday in the Journal of the Korean Association for Immigration Policy, [...]
SEOUL, Jan. 16 (Korea Bizwire) — The government will roll out a range of tax incentives to support vulnerable groups and small merchants, and expand strategic technology industries to help create new growth engines, the finance ministry said Friday. The measures are part of a follow-up amendment to enforcement decrees linked to the government’s tax [...]