SEOUL, Dec. 21 (Korea Bizwire) – The government is considering imposing antitrust regulations on large content platforms such as YouTube and Netflix amid a sharp increase in their subscription fees, an official said Thursday. According to the senior ruling camp official, the government and the presidential office immediately took steps to address monopolistic and oligopolistic [...]
SEOUL, Dec. 21 (Korea Bizwire) – In July, a man in his 60s tragically ended the life of his wife, whom he had dedicated over three years to caring for in Seoul. The man had given up his job to provide support to his wife, who suffered from a rare disease. He explained to the police, [...]
SEOUL, Dec. 19 (Korea Bizwire) – Sodium nitrite, primarily employed as a preservative and colorant in processed meats like ham, has been identified as a substance posing a risk for suicide. This classification stems from instances of sodium nitrite misuse as a tool for self-harm in recent years. On December 18, the Ministry of Health and [...]
SEOUL, Dec. 19 (Korea Bizwire) — Benefits for working parents taking a leave of absence to take care of their babies will be increased to a maximum of 39 million won (US$29,981) per couple next year, the labor ministry said Tuesday. The Cabinet approved a revised Employment Insurance Act, reflecting expanded parental benefits, during a [...]
JEJU, Dec. 19 (Korea Bizwire) – Known as the ‘Island of Electric Vehicles,’ South Korea’s Jeju Island is set to pilot a new project aimed at recycling used electric vehicle (EV) batteries. The Ministry of Environment, Jeju Special Self-Governing Province, and SF ECO Co., Ltd. announced that they would be signing a memorandum of understanding on [...]
INCHEON, Dec. 19 (Korea Bizwire) – The city of Incheon has introduced a groundbreaking birth policy aimed at addressing the alarming decline in birthrates. In a press release on Monday, Mayor Yoo Jeong-bok acknowledged the national crisis and unveiled the “100 Million+ i Dream” initiative, which pledges 100 million won for every child born in Incheon. [...]
SEOUL, Dec. 16 (Korea Bizwire) –A growing number of Southeast Asian tourists are facing failed attempts to enter South Korea, primarily due to difficulties in obtaining approval through the Korea Electronic Travel Authorization (K-ETA) system. As a result, many are expressing dissatisfaction with Korea’s rigorous travel authorization system and are instead turning to other destinations [...]
SEOUL, Dec. 15 (Korea Bizwire) – As of December 14, wildlife cafes in South Korea, popular for exhibiting rare animals like raccoons and meerkats in urban settings, are facing a nationwide ban. Under the new law, exhibiting wild animals in unlicensed facilities like cafes could lead to imprisonment of up to two years or a fine [...]
SEOUL, Dec. 15 (Korea Bizwire) – The Ministry of Food and Drug Safety of South Korea announced that it will hold a briefing on December 19 at the Grand Intercontinental Parnas Hotel in Gangnam, Seoul, targeting industry, academic, and research institutions. The event aims to discuss research projects in the areas of standardization of alternative animal [...]
SEOUL, Dec. 14 (Korea Bizwire) – The Seoul Metropolitan Government announced on December 13 that more than 4,300 applicants have registered for the ‘Seoul Child Care Subsidy’ program in the three months since its initiation. This innovative project, launched in September, offers a monthly subsidy of 300,000 won to grandparents and other relatives within the fourth [...]