SEOUL, Nov. 14 (Korea Bizwire) — The government said Tuesday all aircraft takeoffs and landings across South Korea will be temporarily prohibited to regulate noise during this year’s annual College Scholastic Ability Test (CSAT) later his week. According to the transportation ministry, aircraft takeoffs and landings will be restricted for 35 minutes between 1:05 p.m. [...]
SEOUL, Nov. 14 (Korea Bizwire) — President Yoon Suk Yeol said Tuesday the current ban on stock short selling will remain in effect until financial authorities devise measures to fundamentally prevent potential damage to retail investors. Yoon made the remarks during a Cabinet meeting, following the financial regulator’s decision to prohibit short selling in stocks [...]
JEJU, Nov. 14 (Korea Bizwire) – The Southern Bottlenose Dolphins of Jeju, beloved by Woo Young-woo, the heroine of the popular Korean drama ‘Extraordinary Attorney Woo,’ will now possess basic legal rights similar to those of a person. On Monday, the Jeju Special Self-Governing Provincial Government announced its intention to amend the ‘Jeju Special Self-Governing Province [...]
CHEONAN, Nov. 14 (Korea Bizwire) – The Ministry of Food and Drug Safety (MFDS) has recently announced plans to gradually broaden the scope of items covered by the Drug E-Labeling and Information Provision Service. This initiative, initially operated as a pilot project, is set to expand starting next year. The MFDS noted that Japan implemented a [...]
SEOUL, Nov. 13 (Korea Bizwire) – The government will relax the maximum 52-hour weekly work hours for certain business sectors with heavy workloads, officials said Monday. “While retaining the 52-hour workweek system, the government plans to come up with reform measures for certain types of industries and occupations,” Vice Labor Minister Lee Sung-hee said. The [...]
SEOUL, Nov. 10 (Korea Bizwire) – The government is poised to announce a series of measures later this year to break the monopoly held by banks as they have been raking in record profits from interest income, according to sources from the presidential office on Friday. This decision follows President Yoon Suk Yeol’s strong criticism [...]
SEOUL, Nov. 9 (Korea Bizwire) – The National Human Right Commission on Thursday recommended mega coffee chain Starbucks provide sign language services or install kiosks at its drive-through stores to ensure equal access for the hearing-impaired and customers with language challenges. The recommendation was in response to a petition filed by hearing-impaired customers and others [...]
SEOUL, Nov. 9 (Korea Bizwire) — The industry ministry on Thursday asked local oil refiners to support the government’s efforts to stabilize oil prices. “As oil products are daily necessities for the people, the government is making proactive efforts to stabilize their prices,” Deputy Minister for Energy Policy Lee Ho-hyeon said during a meeting with [...]
SEOUL, Nov. 9 (Korea Bizwire) — South Korea has launched a government-wide special scheme on the management of prices of key food and other items to bring inflation under control, the finance ministry said Thursday. Vice ministers of all government ministries are supposed to be in charge of monitoring prices of items concerned and implementing [...]
SEOUL, Nov. 8 (Korea Bizwire) – The Ministry of Oceans and Fisheries announced a ban on the installation of new buoys made from Styrofoam (expanded polystyrene) at all aquaculture fishing grounds, starting from November 13. Styrofoam buoys have been recognized as a significant contributor to the issue of marine microplastics. The restriction on new Styrofoam [...]