SEOUL, June 8 (Korea Bizwire) – The newly-elected South Korean government is accelerating efforts to put an end to religious tax exemptions beginning next year, as President Moon Jae-in’s nominee for Deputy Prime Minister and Minister for Strategy and Finance, Kim Dong-yeon, has indicated his intent to deliver on the tax reform proposal. In a written [...]
SEJONG, May 29 (Korea Bizwire) – New home permits in South Korea plunged nearly 30 percent in April from a year earlier, the government said Monday, amid its move to limit housing sales as a way of curing household debt and rising interest rates. Construction permits issued for new homes came to 43,568 last month, [...]
SEOUL, May 29 (Korea Bizwire) – The Korea Agency for Infrastructure Technology Advancement (KAIA) has been selected to develop a traffic management system for low-altitude drones, as growing demand for unmanned aerial vehicles in South Korea calls for appropriate measures to secure safety. The organization that operates under the Ministry of Land, Infrastructure, and Transport will [...]
CHUNGPYEONG, May 15 (Korea Bizwire) – Chungpyeong Middle School in Gyeonggi Province is drawing attention over an after-school club called ‘Serotonin Drum Club’ consisting of 25 students where members expend energy and release stress by playing drums. The club was formed in 2011 by head teacher Go Sun-hwa, who was in charge of after-school programs [...]
SEOUL, May 12 (Korea Bizwire) – As Moon Jae-in was sworn into office as the 19th president of South Korea earlier this week, a pledge made during his campaign to scrap what is widely known as minimum phone bill charges has come back into the spotlight, a policy many voters viewed favorably amid a record high [...]
SEOUL, May 12 (Korea Bizwire) – President Moon Jae-in on Friday ordered the scrapping of controversial history textbooks authored by a government committee set up under the former conservative administration. “As efforts to normalize history education, the president has ordered the abolition of state authored history textbooks,” Moon’s chief press secretary Yoon Young-chan told a [...]
SEOUL, May 8 (Korea Bizwire) – As the Seoul Metropolitan Government continues to ramp up its efforts to invest in infrastructure, more and more people are using Seoul’s car and bicycle sharing services. As the prospects of splashing out on buying a new car are proving daunting for consumers amid the sluggish economy, not to mention [...]
SEOUL, May 2 (Korea Bizwire) — Amid a grey haze of fine dust that continues to blanket South Korea, flower farms are seeing a ray of light as consumers flock to buy air-filtering plants to take the issue of air quality into their own hands. The worsening air quality – the result of higher levels [...]
SEOUL, April 29 (Korea Bizwire) – The South Korean book market is at a crossroads. South Koreans now spend less than ever on books, with the average person forking out just over 16,000 won per month, according to a recent report. While more and more young people turn away from books and divert their attention to [...]
SEOUL, April 27 (Korea Bizwire) – Hyundai Card has opened a new cultural complex for cooking enthusiasts in Seoul, which has on offer a number of interesting features including some 10,000 books, a kitchen and a restaurant. The four-story building located near Dosan Park gives visitors an experience that stimulates the senses of taste, smell [...]