SEOUL, Feb. 14 (Korea Bizwire) – From next year, private educational institutions, along with the Bank of Korea, the Korea Chamber of Commerce and Industry, and broadcasters like KBS, will be mandated to purchase ‘green products’ unless there are compelling reasons not to do so. The Ministry of Environment announced that the amendment to the Enforcement [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s industry ministry said Wednesday it has hosted a roundtable to promote its carbon-free vision with key partners on the margins of the International Energy Agency (IEA) meeting. The carbon-free energy roundtable, inviting “like-minded” nations, including Britain, Canada and Japan, was held in Paris on Tuesday (France time) [...]
SEOUL, Feb. 14 (Korea Bizwire) — The financial regulator said Wednesday it will unveil a set of guidelines on public disclosures for investments that commit to environmental, social and governance (ESG) goals in March or April, the financial regulator said Wednesday. The new standards, however, will continue to be subject to changes until their implementation [...]
DAEJEON, Feb. 14 (Korea Bizwire) – From August, infringements on intellectual property rights in Korea, including patent violations, trade secret breaches, and idea theft, will be subject to penalties of up to five times the amount of actual damages. The main feature of the revised law is the extension of the punitive damages limit from the [...]
SEOUL, Feb. 13 (Korea Bizwire) – The Seoul Metropolitan Government has announced plans to invest approximately 16.6 billion won this year to facilitate the distribution of 102 hydrogen fuel cell cars and 42 hydrogen buses, enhancing the city’s green mobility initiatives. Starting from February 13, the city will begin accepting applications for hydrogen car purchase support. [...]
SEOUL, Feb. 13 (Korea Bizwire) – The Korea Disease Control and Prevention Agency announced plans on February 12 to enhance its medical expense support program for low-income individuals battling rare diseases. Rare diseases are characterized as conditions affecting fewer than 20,000 individuals or those that are hard to diagnose due to the lack of precise data [...]
SEOUL, Feb. 13 (Korea Bizwire) — President Yoon Suk Yeol instructed his aides Tuesday to come up with tax benefits and other support measures to encourage companies to formulate birth incentive programs for their employees, his office said. Booyoung Group, a South Korean builder, recently said it will provide employees with 100 million won (US$75,000) [...]
SEOUL, Feb. 13 (Korea Bizwire) — The customs agency said Tuesday it will push to raise the limit of the duty-free allowance for alcohol to boost travelers’ convenience. It is part of the Korea Customs Service (KCS)’s comprehensive plan for 2024, which also includes measures to strengthen the crackdown on drug smuggling and to better [...]
SEOUL, Feb. 13 (Korea Bizwire) — Prime Minister Han Duck-soo called on the medical community Tuesday to cooperate with the government’s plan to significantly increase the annual medical school enrollment quota, stating that it marks the starting point of healthcare reform. Last week, the government announced its plan to add 2,000 seats to the country’s medical school [...]
SEOUL, Feb. 11 (Korea Bizwire) –In response to a noticeable disinterest in public sector jobs among younger South Koreans, commonly referred to as the MZ generation, the Seoul Metropolitan Government has unveiled plans to enhance welfare benefits to prevent early-career civil servant turnover and attract talented individuals. The initiative aims to create an environment where [...]