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Seoul’s Smartphone Tax Delinquency Notification Service Proves Effective

Seoul’s Smartphone Tax Delinquency Notification Service Proves Effective

SEOUL, Jan. 3 (Korea Bizwire) – The Seoul Metropolitan Government has reported significant success with its pilot operation of a ‘Smartphone Tax Delinquency Notification and Payment Service’ that informs citizens of their unpaid taxes via KakaoTalk. Launched as part of a pilot project, the service has seen a notable impact in encouraging prompt tax payments.  Implemented [...]

Incheon Welcomes First Beneficiary of “100 Million+i Dream” Policy

Incheon Welcomes First Beneficiary of “100 Million+i Dream” Policy

INCHEON, Jan. 3 (Korea Bizwire) – On the first day of 2024, a joyous event took place at the Gachon University Gil Hospital: the birth of a healthy baby girl weighing 3.4 kg. The newborn, affectionately nicknamed ‘Horam’, combines the characters ‘Ho’ from her father Choi Ho-kyu (40) and ‘Ram’ from her mother Kim Bo-ram (36). [...]

Restrictions on Employment in Social Service Sectors for Individuals with Substance Abuse or Sexual Offense History to Begin in 2025

Restrictions on Employment in Social Service Sectors for Individuals with Substance Abuse or Sexual Offense History to Begin in 2025

SEOUL, Jan. 2 (Korea Bizwire) – Drug addicts and sexual offenders will be banned from working in the social service sectors from next year, the health ministry said Tuesday. Under the revised law, those who have not completed their sentences after being charged with drug addiction or sexual assault charges will be banned from providing [...]

Gov’t to Introduce ‘Workation’ Visa for High-earning Foreigners

Gov’t to Introduce ‘Workation’ Visa for High-earning Foreigners

SEOUL, Dec. 30 (Korea Bizwire) – The government will launch a “workation” visa next year to allow foreigners to travel across the country while working remotely, officials said Friday. The justice ministry said it will start issuing “digital nomad,” or “workation,” visas to foreigners with over a year of work experience in the same industry, [...]

Hiring of Foreigners to Be Expanded to Hotel, Other Labor-intensive Industries

Hiring of Foreigners to Be Expanded to Hotel, Other Labor-intensive Industries

SEOUL, Dec. 29 (Korea Bizwire) — The hiring of foreigners will be further expanded in South Korea’s labor-intensive industries, beginning next year, the government said Friday, finalizing a plan to bring in an all-time high of 165,000 non-professional migrant workers in 2024 to tackle growing labor shortages. Hotels, condos and restaurants, among others, will be [...]

Policy Pivot, Weak Demand, Property Market Uncertainty Pose Risks to Financial Stability: BOK

Policy Pivot, Weak Demand, Property Market Uncertainty Pose Risks to Financial Stability: BOK

SEOUL, Dec. 28 (Korea Bizwire) — A pivot in monetary tightening modes, weak domestic demand and uncertainties over the property market may pose risks to financial stability, although the country’s financial system remains relatively stable, a central bank report showed Thursday. In its report on financial stability, the Bank of Korea (BOK) said market expectations [...]

Gov’t to Exclude AI Content from Copyright Protection

Gov’t to Exclude AI Content from Copyright Protection

SEOUL, Dec. 27 (Korea Bizwire) — The culture ministry announced Wednesday it will not grant copyright registration to artificial intelligence (AI)-generated content, drawing a clear line on the controversial issue of whether to legally recognize the creativity of such content. The Ministry of Culture, Sports and Tourism unveiled the plan as part of a set [...]