SEOUL, Aug. 6 (Korea Bizwire) – The South Korean government’s initiative to cover emergency medical costs for patients unable to pay has resulted in significant financial losses, according to a recent report. Data released by the Ministry of Health and Welfare shows that over the past five and a half years, the government has been unable [...]
SEOUL, Aug. 5 (Korea Bizwire) – The first batch of 100 immigrant workers will arrive in South Korea this week to serve as home helpers for families with children or working parents, as part of a pilot project aimed at addressing workforce shortages, officials said Monday. The 100 Philippine workers scheduled to arrive in Seoul [...]
SEOUL, Aug. 2 (Korea Bizwire) – The opposition-controlled National Assembly passed a bill on providing cash handouts to the entire population Friday despite protest from ruling party lawmakers. The bill passed in a 186-1 vote held after the Assembly, controlled by the main opposition Democratic Party (DP), voted to end a filibuster by the ruling [...]
SEOUL, July 31 (Korea Bizwire) – A new data-sharing initiative in South Korea has sparked concerns about potential risks to consumer privacy and the competitiveness of domestic businesses. Experts warn that the MyData system, set to be implemented across all sectors by March of next year, could inadvertently lead to the cheap sale of Korean consumer [...]
SEJONG, July 29 (Korea Bizwire) – South Korea’s presidential committee on population policy announced an additional set of plans on Monday to ease the housing burden for families with young children, as the government struggles to address critically low birth rates. Under the new policy, families with children under the age of two will be [...]
SEOUL, July 25 (Korea Bizwire) – The personal information watchdog fined AliExpress, a Chinese e-commerce retail platform, 1.9 billion won (US$1.37 million) on Thursday for leaking the personal information of South Korean customers to about 180,000 overseas sellers without informing them. The Personal Information Protection Commission approved the decision during its plenary meeting, marking the [...]
SEOUL, July 25 (Korea Bizwire) – The government will push to reduce inheritance tax to reflect decades of changes in asset values and inflation, and to provide a tax credit for marriage and childbirth in an effort to boost the ultra-low birth rate, the finance ministry said Thursday. They are part of a tax code [...]
INCHEON, Jul. 24 (Korea Bizwire) – In a bold move to address the country’s declining birth rate, the city of Incheon announced on July 23 that it will begin implementing a new child allowance program next month, separate from the existing national child benefit system. The “Child Dream Allowance” program, set to launch on August 1, [...]
SEOUL, Jul. 24 (Korea Bizwire) – The Seoul Metropolitan Government announced on July 23 that it is implementing a Digital Guide program to assist elderly residents who are unfamiliar with digital devices. The initiative will be active at major subway stations, welfare facilities, and parks throughout the city. On the morning of July 23, the city [...]
SEOUL, July 22 (Korea Bizwire) – A parliamentary committee unilaterally passed a pro-labor bill Monday that aims to limit companies from making claims for damages against legitimate labor union disputes. Lawmakers affiliated with the main opposition Democratic Party and other progressive parties passed the revision to the Trade Union and Labor Relations Adjustment Act, nicknamed [...]