SEOUL, May 7 (Korea Bizwire) — In a bid to bolster protections against stalking and gender-based violence, Seoul’s Seocho District announced Monday the full-scale rollout of its upgraded “Seoripul Safety Button” program, along with a complementary home security initiative. The “Seoripul Safety Button” is a keychain-style whistle embedded with an SOS emergency alert system. When activated [...]
SEOUL, May 5 (Korea Bizwire) — The Seoul Metropolitan Government is reviewing a proposal to lower the upper age limit for women eligible for its egg freezing subsidy program from 49 to 45, amid growing concerns over the program’s effectiveness in older age groups. The move follows a recommendation by the Seoul Metropolitan Audit Committee, which [...]
SEOUL, May 5 (Korea Bizwire) — A month after South Korea fully reinstated short selling across all listed stocks, expectations that foreign investors would return to the domestic market have yet to materialize, despite signs of market resilience and easing volatility. According to data from the Korea Exchange, total short-selling turnover on the KOSPI and KOSDAQ [...]
SEOUL, May 2 (Korea Bizwire) — A South Korean civilian-government delegation recently wrapped up a four-nation Latin America visit to promote defense exports, the state arms procurement agency said Friday, as Seoul seeks to diversify its overseas arms sales. The delegation, comprising officials from the Defense Acquisition Program Administration (DAPA), defense and foreign ministries, and [...]
SEOUL, May 2 (Korea Bizwire) — South Korea’s antitrust regulator said Friday it has decided to fine Meta Platforms Inc., the operator of Facebook and Instagram, on charges of violating the country’s law on consumer protection. Meta Platforms was slapped with a 6 million-won (US$4,176) fine and ordered to take necessary measures to align with [...]
SEOUL, May 2 (Korea Bizwire) — The South Korean government on Thursday announced a sweeping plan to manage the country’s growing number of vacant homes, aiming to turn more than 134,000 unused properties into assets that support regional revitalization and public safety. Unveiled during an economic policy meeting chaired by Deputy Prime Minister and Finance [...]
SEOUL, May 2 (Korea Bizwire) — In a bid to improve access to healthcare for foreign residents and multicultural families facing language barriers, the Seoul Metropolitan Government has launched the “2025 Seoul Medical Interpretation Support Corps” (MeSic), city officials announced Thursday. The initiative, which began this month, enlists a team of 43 qualified interpreters—comprising trained [...]
SEOUL, May 1 (Korea Bizwire) — The antitrust regulator said Thursday it has decided to add four more business groups to the list of conglomerates subject to tighter supervision, including cryptocurrency exchange Bithumb. The number of conglomerates on the watchlist came to 92, which have 3,301 affiliates under their wings combined, compared with last year’s [...]
SEJONG, May 1 (Korea Bizwire) — The government will work to “swiftly” implement 25 trillion won (US$17.5 billion) of policy financing for export companies following the planned passage of an extra budget bill by the National Assembly, the finance ministry said Thursday. In a pan-government meeting on trade issues, the Ministry of Economy and Finance [...]
SEOUL, May 1 (Korea Bizwire) — The government on Thursday issued an administrative guidance order instructing SK Telecom Co. to suspend new subscriber sign-ups until it resolves a shortage of universal subscriber identity module (USIM) cards related to a recent company network data breach. The Ministry of Science and ICT said the measure aims to [...]