SEOUL, Nov. 22 (Korea Bizwire) — South Korea expects to achieve an economic effect worth 59 trillion won (US$42 billion) by beefing up the country’s “zero carbon energy ecosystem” by 2033, the industry ministry said Friday. The Ministry of Trade, Industry and Energy has announced the 5th Energy Technology Plan, which presented its energy technology [...]
SEOUL, Nov. 22 (Korea Bizwire) — The Joint Chiefs of Staff (JCS) is set to launch a new unit tasked with bolstering readiness in the domains of space, cyber and electronic warfare, officials said Friday, amid South Korea’s push to better prepare for future warfare. In a legislative notice, the defense ministry said the plan [...]
SEOUL, Nov. 22 (Korea Bizwire) – The Yongsan District Office has unveiled a new digital photo booth where visitors can capture their life’s significant moments, from weddings to childbirth, marking a modern upgrade to the traditional government office experience. The “Yongsan Happiness Photo Zone,” which opened on November 18, features a dedicated digital photo booth installed [...]
SEOUL, Nov. 21 (Korea Bizwire) – In a significant shift for South Korea’s healthcare system, 42 of the nation’s 47 tertiary hospitals have agreed to participate in a government initiative aimed at restructuring their services to focus on severe illnesses and emergency care. The program represents a key component of the government’s healthcare reform agenda, which [...]
DAEJEON, Nov. 21 (Korea Bizwire) – The ambitious plan to bring a Starbucks Reserve Roastery to a historic former government building in Daejeon has been scrapped, Mayor Lee Jang-woo announced during a city briefing on November 19. “We are discontinuing our pursuit of the Starbucks Reserve Roastery and will instead focus on restoring the former Daejeon [...]
SEOUL, Nov. 20 (Korea Bizwire) – South Korean regulators have blocked nearly 2,000 product listings from Chinese e-commerce platforms AliExpress and Temu since May, citing safety violations that threaten consumer well-being. This move underscores the growing challenges posed by cross-border e-commerce amid its meteoric rise in the country. A Surge in Unsafe Products From May to [...]
SEOUL, Nov. 19 (Korea Bizwire) – As obesity rates surge across all age groups in South Korea, lawmakers have introduced groundbreaking legislation to address what they increasingly see as a national health emergency. Representative Park Hee-seung of the Democratic Party, a member of the National Assembly’s Health and Welfare Committee, announced today the introduction of the [...]
SEOUL, Nov. 19 (Korea Bizwire) – In an effort to bring consistency to its international tourism branding, Seoul city officials are working to standardize the English-language name of the South Korean capital’s landmark waterway, emphasizing that “Hangang River” is the correct form over the commonly used “Han River.” The city’s push for standardization follows what officials [...]
SEOUL, Nov. 19 (Korea Bizwire) — The global messaging service Telegram has designated an officer in charge of protecting underage users from illicit content amid criticism over its passive response against sexually exploitative materials circulating on the platform, South Korea’s media regulator said Tuesday. The Korea Communications Commission (KCC) said Telegram made the designation and [...]
SEOUL, Nov. 19 (Korea Bizwire) – South Korea’s inheritance tax system, among the highest in developed nations, is hampering business continuity and economic dynamism, according to a new report released on November 18 by the Korea Chamber of Commerce and Industry (KCCI). The report, “Five Reasons Why Inheritance Tax Reform is Necessary,” comes as the government’s [...]