SEOUL, April 8 (Korea Bizwire) — The presence of Korean literature is growing widely in the world as local translations have won or been nominated for multiple prizes from literature awards outside of the country. An English translation of Chung Bora’s “Cursed Bunny” published by British publisher Honford Star was chosen as one of the [...]
SEOUL, April 6 (Korea Bizwire) — The relative poverty rate of South Korean senior citizens has been on the decline, but is still high among member countries of the Organization for Economic Cooperation and Development (OECD) amid rapid aging, a report showed Wednesday. The relative poverty rate of South Koreans aged 66 or older came [...]
SEOUL, April 5 (Korea Bizwire) — The Cabinet on Tuesday approved bills to allow single people to adopt children, as the number of one-person households is sharply increasing. The justice ministry revised the Civil Act and the Family Litigation Act, which currently stipulate only married couples can legally adopt. Under the revisions, single people can [...]
SEOUL, April 1 (Korea Bizwire) — The Ministry of the Interior and Safety said Thursday it will carry out a five-year plan to establish liquefied petroleum gas (LPG) distribution facilities for 31 islands and 4,200 households across the country. With a budget of 45.4 billion won (US$37.3 million), the project is aimed at installing storage [...]
SEOUL, March 31 (Korea Bizwire) – Countries with lower national income are more prone to believing in COVID-19-related fake news, a study showed Wednesday. The Institute for Basic Science’s Data Science Group led by Cha Meeyoung, a professor at the Korea Advanced Institute of Science and Technology (KAIST), analyzed data collected from 40 countries as [...]
SEOUL, March 30 (Korea Bizwire) — The transition team of President-elect Yoon Suk-yeol said Wednesday it will scrap the curfew on business hours once the spread of COVID-19 passes its peak. South Korea has enforced strict business restrictions through most of the pandemic, including caps on the size of private gatherings and curfews for restaurants, [...]
SEOUL, March 29 (Korea Bizwire) — As the number of COVID-19 infections continues to climb, some firms are forcing unpaid leave and wage cuts on employees, a pro-labor civic group said. Gabjil 119 received 19 reports between January and March 20 involving unjust treatment at workplaces in dealing with the pandemic. The civic group has also [...]
SEOUL, March 29 (Korea Bizwire) — The labor and management of Samsung Electronics Co. have failed to narrow their differences in 2021 wage negotiations. Management sent an official letter to the labor union last week, saying, “If the union merges the agenda proposed in the 2021 wage negotiations with the 2022 wage negotiations, discussions would [...]
SEOUL, March 25 (Korea Bizwire) — South Korea plans to invest more than 20 trillion won (US$16.4 billion) in data, network and artificial intelligence (AI) sectors over the next three years in a bid to help nurture future-oriented industries, the finance minister said Friday. Along with fiscal spending, the government plans to provide support for [...]
SEOUL, March 24 (Korea Bizwire) — The number of teenage felons aged between 10 and 13, with no criminal responsibility, has been on a steady rise in recent years, a police report showed Thursday. Last year, 8,474 people in the age group committed violent crimes, marking an increase for the third consecutive year from 7,081 [...]