SEOUL, July 7 (Korea Bizwire) — Seoul is preparing to reintroduce trams to its streets for the first time in nearly six decades, as construction on the Wirye Line, the city’s first modern tram project, approaches completion. According to the Seoul Metropolitan Government, the Wirye tram line is scheduled to open in September 2026, with [...]
SEOUL, July 7 (Korea Bizwire) — South Korea’s Ministry of Health and Welfare announced Saturday that 60 additional in-home long-term care medical centers have been designated nationwide, bringing the total number to 195 just two and a half years after the initiative began. Launched in December 2022 with 28 sites, the program enables elderly individuals with [...]
SEOUL, July 4 (Korea Bizwire) — The South Korean government said Friday it will fine SK Telecom Co. for belatedly reporting a data breach affecting all 25 million users and ordered it to waive customer cancellation fees, wrapping up its two-month probe into one of the worst data leak cases in the country’s history. SK [...]
SEOUL, July 4 (Korea Bizwire) — Yongsan District in central Seoul has completed a cutting-edge urban design project aimed at crime prevention in Cheongpa-dong, an area with a high concentration of single female households, officials announced Thursday. The initiative, led in partnership with Sookmyung Women’s University’s environmental design department, integrates smart technologies and tailored spatial [...]
SEOUL, July 4 (Korea Bizwire) — South Korea’s Ministry of Culture, Sports and Tourism and the Korea Visual Artists Copyright Association convened a special policy seminar Thursday in central Seoul to discuss the future of the country’s nascent “art-for-tax” program, which allows inherited artworks to be used in lieu of cash for paying estate taxes. [...]
SEOUL, July 3 (Korea Bizwire) — South Korea’s ambitious initiative to curb antibiotic resistance through a national antibiotic stewardship program (ASP) is faltering due to widespread staffing shortages, with more than half of eligible hospitals unable to participate, a new government-commissioned report has found. The study, conducted by Hanyang University’s Industry-Academic Cooperation Foundation for the [...]
SEOUL, July 3 (Korea Bizwire) — South Korea’s National Assembly on Thursday passed a revised Commercial Act aimed at strengthening minority shareholder rights, a move welcomed by financial markets as a potential catalyst for resolving the longstanding “Korea Discount” that has weighed on domestic stock valuations. The legislation, which had previously been vetoed under the [...]
GIMPO, South Korea, July 3 (Korea Bizwire) – Not long ago, the western fringes of South Korea near the inter-Korean border were anything but peaceful. Night and day, the air reverberated with North Korean loudspeakers blaring a relentless mix of metallic screeches and propaganda across the Han River estuary — a psychological barrage that left [...]
SEOUL, July 3 (Korea Bizwire) — South Korea is facing renewed debate over reviving its once-prestigious national bar exam, as President Lee Jae-myung recently questioned the effectiveness of the country’s law school system. His remarks have reignited a long-standing controversy over access, fairness, and the future of legal education. At the heart of the discussion [...]
SEOUL, July 3 (Korea Bizwire) — In a bid to root out taxi overcharging and service refusals targeting foreign visitors, the Seoul Metropolitan Government announced on Wednesday a new crackdown initiative that leverages QR code-based reporting and strengthened on-site enforcement at major transportation hubs. Beginning last month, the city began distributing business card-sized survey cards [...]