SEOUL, Nov. 8 (Korea Bizwire) — The South Korean government vowed Wednesday to ease regulations and reduce administrative procedures to promote the swift and smooth implementation of major corporate investment projects, including S-Oil Co.’s petrochemical plant project and the U.S. Sphere Entertainment Co.’s K-pop arena construction plan. The government presented a set of tailored deregulatory [...]
SEOUL, Nov. 7 (Korea Bizwire) – The Seoul metropolitan government on Tuesday said it will hand out portable alarm devices to relieve public anxiety and ensure people’s safety in the face of a growing number of violent crimes in the capital. The portable SOS pager, along with an alarm device, will first be provided to [...]
SEOUL, Nov. 7 (Korea Bizwire) – A man in his 50s who worked as an airline flight attendant for 25 years and succumbed to stomach cancer has now been officially recognized as the victim of an industrial accident caused by cosmic radiation. Previously, cosmic radiation-related accidents among flight attendants had primarily been associated with blood cancers [...]
SEJONG, Nov. 7 (Korea Bizwire) – The South Korean Fair Trade Commission (FTC) has launched a fact-finding effort concerning Google’s alleged unfair practices, which include monopolizing the digital advertising market and engaging in ‘gapjil,’ a term referring to an arrogant and authoritarian attitude or actions by individuals or businesses in positions of power. According to industry [...]
SEOUL, Nov. 6 (Korea Bizwire) — The government on Monday finalized a blueprint to build a theme park and resort complex in the reclaimed land of Saemangeum on the west coast by 2026 with private sector investments worth 144.3 billion won (US$110.2 million). The decision was reached during a government meeting presided over by Prime [...]
SEOUL, Nov. 3 (Korea Bizwire) – The Ministry of Oceans and Fisheries (MOF) announced on Thursday that it has established a pilot blue carbon habitat in Gangjin, South Jeolla Province, aimed at technological development to create a ‘breathing’ coast. The MOF will host a completion ceremony for the initiative on Friday. Blue carbon refers to carbon-absorbing [...]
SEOUL, Nov. 2 (Korea Bizwire) – An artificial intelligence-based congestion prediction system will go into pilot service on Seoul’s subway networks this month to monitor the risks of overcrowding, the interior ministry said Thursday. On a project that commenced in June, the ministry’s Integrated Data Analysis Center has developed the AI-based prediction model based on [...]
SEOUL, Nov. 2 (Korea Bizwire) — South Korea will have newly registered expensive company-owned cars carry new license plates from 2024 to prevent private use of them by company officials for tax benefits and cost reductions, the transport ministry said Thursday. Starting Jan. 1, vehicles bought by companies for official purposes with corporate tax cuts [...]
SEOUL, Nov. 2 (Korea Bizwire) – Amidst a labor shortage at industrial sites, the government has taken steps to address the increasing number of foreign workers. Vice Minister of Employment and Labor Lee Sung-hee visited Hyundai Samho Heavy Industries in Yeongam, Jeollanam-do, and announced a comprehensive plan during an on-site meeting with six shipbuilding companies that [...]
SEOUL, Nov. 2 (Korea Bizwire) – Despite the recent surge in the number of children with developmental delays, largely attributed to the COVID-19 pandemic, they are now at risk of not receiving proper treatment as both the government and insurance companies seem to be turning their backs on these children. According to the Health Insurance Review [...]