SEJONG, Jan. 23 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it plans to spend 100 billion won (US$74.6 million) this year to support local businesses seeking to bring their production back home from overseas. The amount marks a 75 percent rise from the 57 billion won allocated in 2023, according to the Ministry [...]
SEOUL, Jan. 23 (Korea Bizwire) — The city of Namyangju, located in Gyeonggi Province, announced on January 22 that it would be initiating a service starting in May to ensure the safe return home of socially vulnerable groups, including women and students. This service becomes active when a smartphone is shaken or an SOS button is [...]
SEOUL, Jan. 22 (Korea Bizwire) – The government announced several measures aimed at reforming regulations related to people’s livelihoods, including scrapping the policy mandating large retailers to close their stores on Sunday twice a month, officials said Monday. The announcement was made during a government-public debate, the fifth in a series of sessions, led by [...]
SEOUL, Jan. 22 (Korea Bizwire) – The South Korean government on Monday announced its plans to scrap the decadelong controversial ban on handset subsidies as part of efforts to lower the financial burden on consumers for communications service. According to the Office for Government Policy Coordination, the government will abolish the Mobile Device Distribution Improvement [...]
SEOUL, Jan. 22 (Korea Bizwire) — A congenital brain malformation in a nurse’s child, believed to be caused by exposure to harmful environments during pregnancy, has been recognized as an industrial accident. This marks the first case since the implementation of the ‘Fetal Occupational Injury Law’ last year. On January 20, the Korea Workers’ Compensation and [...]
SEOUL, Jan. 19 (Korea Bizwire) — The South Korean Ministry of Agriculture, Food and Rural Affairs announced on January 18 that it has expanded its ’1000 Won Breakfast’ program to cover 4.5 million people this year. The program, aimed at university students, offers breakfast meals for just 1,000 won in an effort to reduce the rate of [...]
SEOUL, Jan. 19 (Korea Bizwire) — Starting from January 19, South Korea will enforce stricter penalties for unfair trading practices in the capital markets, including stock price manipulation. The Financial Services Commission and the Financial Supervisory Service announced that the amendment to the Financial Investment Services and Capital Markets Act (Capital Markets Act), which reinforces punishment for [...]
SEOUL, Jan. 19 (Korea Bizwire) — The Seoul Metropolitan Council has established legal grounds to safeguard the rights of young cultural artists, such as ‘idol trainees,’ who are often in a vulnerable position due to their young age and unstable status. On January 10, the Seoul City Council announced that the ‘Ordinance on the Protection and Support [...]
SEOUL, Jan. 19 (Korea Bizwire) — The Ministry of Oceans and Fisheries (MOF) in South Korea has announced plans to invest 2.4 billion won, an increase of 1 billion won from last year, into its Overseas Fisheries Resource Survey project for 2023. This initiative aims to pioneer new fishing grounds, particularly focusing on East Africa, including the [...]
SEOUL, Jan. 19 (Korea Bizwire) — Nowon District in Seoul, under the leadership of Mayor Oh Seung-rok, has announced the opening of a ‘Holiday Dog Care Center’ during the Lunar New Year holiday from February 9 to 11. The center, located on the second floor of the district office building, aims to reduce the burden on pet [...]