CHANGWON, Jan. 15 (Korea Bizwire) — The South Gyeongsang Province city of Changwon has announced plans to run a number of public feeding stations for stray cats this year, aiming to alleviate conflicts surrounding their care. From January until December, the city intends to set up and manage feeding stations at 50 locations within the Changwon area. [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea has shown growing signs of an economic recovery led by exports, though domestic demand remains weak, the finance ministry said Friday. “Signs of an economic recovery centering on exports have been rising, and inflationary pressure has been moderating. But the pace of recovery among sectors has been [...]
SEOUL, Jan. 12 (Korea Bizwire) — The government vowed Friday to step up the monitoring of the real estate project financing (PF) market amid potential insolvency risks and concerns as Taeyoung Engineering & Construction Co. won support from creditors to start a debt restructuring program. The midsized builder has received 96.1 percent of support from [...]
GIMPO, Jan. 12 (Korea Bizwire) – The city of Gimpo in Gyeonggi Province has decided to take legal action against a construction company, Y Construction, and its supervisory team for violating building height restrictions near Gimpo Airport, causing delays in apartment occupancy. The city announced on January 10 that it planned to file a complaint with [...]
JEJU, Jan. 12 (Korea Bizwire) – Jeju Island in South Korea is set to fully implement a new program designed to compensate local residents and landowners who contribute to the preservation of the island’s natural environment. The initiative will soon be recruiting participants, following the establishment of implementation guidelines. These guidelines include setting an hourly wage [...]
SEOUL, Jan. 11 (Korea Bizwire) – In a noteworthy development announced Thursday by Seoul’s unification ministry, responsible for inter-Korean affairs, South Korea is set to launch its first annual global survey this year to assess awareness regarding the potential unification with North Korea. The survey, spanning various countries including the United States, Japan, Germany, and [...]
SEOUL, Jan. 11 (Korea Bizwire) – The government and the ruling People Power Party (PPP) agreed on Thursday to expunge records of overdue loan repayments for small business owners and those in vulnerable groups if they repay all of their debts by May. The “credit pardons” will be granted to individuals with 20 million won [...]
SEOUL, Jan. 11 (Korea Bizwire) — South Korea’s science ministry said Thursday it aims to launch a full-fledged space agency in May, with the nation seeking to join the ranks of advanced nations of spaceflight. The planned launch of the Korea AeroSpace Administration (KASA), which came as the National Assembly passed a set of bills [...]
SEOUL, Jan. 11 (Korea Bizwire) – In a significant move towards sustainable practices, Seoul’s food delivery and takeaway services are seeing a transformative shift with the introduction of reusable containers. This initiative, part of the city’s ‘Zero Restaurant’ project, aims to reduce the burgeoning use of single-use plastics. Since December 2022, participating restaurants, like the one [...]
SEOUL, Jan. 11 (Korea Bizwire) – South Korea is poised to bid farewell to a controversial culinary practice with the government set to prohibit the breeding, slaughtering, and sale of dogs for consumption starting 2027. This move puts an end to a debate that has spanned half a century. Bosintang, literally translating to a soup that [...]