SEOUL, Dec. 26 (Korea Bizwire) — Insurance payouts for small business closures in South Korea have reached a historic high of 1.3 trillion won in 2024, reflecting the deepening impact of the economic slowdown, according to the Korea Federation of SMEs. The federation reported on December 25 that payments under the “Yellow Umbrella” business closure insurance [...]
SEOUL, Oct. 27 (Korea Bizwire) — The Legoland Korea amusement park, which opened in Chuncheon, Gangwon Province in May, recently issued an arbitrary notice of closure, raising complaints from annual pass holders. Legoland Korea Resort, the theme park’s operator, recently announced that the park would be closed for a total of 15 days during the [...]
SEOUL, Dec. 28 (Korea Bizwire) — South Korea’s oldest coal-powered plant will be shut down for good this week, the energy ministry said Tuesday, in line with the government’s plan to shift toward renewable energy and to reduce fine dust. Honam Coal Power Plant, located in Yeosu, 450 kilometers south of Seoul, will stop operations [...]
SEOUL, Nov. 30 (Korea Bizwire) — A near-century-old restaurant in Seoul, believed to be the first to serve western-style cuisine in Korea, has announced it will shut down due to the pandemic after nearly a century of business. Seoul Station Grill, which opened on Oct. 15, 1925, on the second floor of the old Seoul [...]
SEOUL, Dec. 21 (Korea Bizwire) — The National Court Administration on Monday advised courts nationwide to shut down for three weeks to slow down the rapid spread of the coronavirus. “We advise judges to actively consider being flexible in delaying and rescheduling hearings and sentencing dates for three weeks starting Dec. 22,” Kim In-kyeom, head [...]
SEOUL, Aug. 24 (Korea Bizwire) — A resurgence of the coronavirus around the country forced hundreds of schools to shut down on Monday, with the largest number of school closures since reopening in June. A total of 1,845 schools halted in-person classes, the Ministry of Education said, more than double the previous record of 849 [...]
SEOUL, June 12 (Korea Bizwire) — The operation of state-run museums and theaters in Seoul and adjacent cities was further suspended Friday amid a resurgence of new coronavirus infections in the metropolitan area. The Ministry of Culture, Sports and Tourism said major state-run museums, including the National Museum of Korea, National Folk Museum of Korea [...]
SEOUL, Feb. 24 (Korea Bizwire) — State-run history and art museums as well as libraries will temporarily close their doors starting this week to prevent further spread of the novel coronavirus, the culture ministry said Monday. A total of 24 such institutes have begun or will begin to suspend their businesses as of Monday, including [...]
SEOUL, Aug. 2 (Korea Bizwire) — Japanese fashion brand Uniqlo, which has been hit the hardest by the boycott triggered by Japan’s export restrictions to South Korea, will begin the process of shuttering its branch in Jongno 3-ga. The five-story building in central Seoul, where the branch is located, had a large “for rent” sign [...]