SEOUL, Dec. 20 (Korea Bizwire) — The ruling People Power Party (PPP) on Tuesday proposed applying the alternative holiday bill to Christmas and Buddha’s Birthday, allowing the designation of a substitute holiday for the two public holidays when they fall on weekends. PPP floor leader Joo Ho-young made the formal proposal to the government during [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korea plans to allow delivery workers and designated drivers to receive benefits from the employment insurance system starting next year as the government seeks to expand the labor safety net, a senior government official said Friday. It is part of the government’s plan to expand the employment insurance [...]
SEOUL, Oct. 27 (Korea Bizwire) — SK Nexilis, a specialist in the production of copper foil, a core component for the batteries of electric vehicles (EVs), announced that it is on track to expand factory output as well as to establish new production lines overseas. This move came after the demand for copper foil increased [...]
SEOUL, July 12 (Korea Bizwire) — South Korea is in talks with China to increase the number of flights to the country to 10 a week mainly to meet travel demand from businessmen, the transport ministry said Sunday. Korean airlines currently serve three routes from Incheon to Chinese cities and plan to resume flights on [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korea will invest 4.84 trillion won (US$4.2 billion) to expand its main airport by 2024 to meet rapidly rising travel demand, the transport ministry said Tuesday. Incheon International Airport Corp. (IIAC), the operator of Incheon International Airport, will make the investment in stages over the next five years [...]
SEOUL, Oct. 6 (Korea Bizwire) — The rental van-hailing service Tada said Sunday that its service will be available across all metropolitan areas by the end of this year. The Tada service, launched in October last year and operated by car-sharing app SoCar’s subsidiary Value Creators & Company (VCNC), will expand services — which now [...]
SEOUL, Mar. 3 (Korea Bizwire) — U.S.-based coworking space provider WeWork will “definitely” continue to invest in South Korea as it sees a growing number of individuals and startups seeking support and a sense of community, a WeWork executive said Sunday. WeWork entered Korea in August 2016 by opening its first location in the affluent [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Korean plans to build 550 national and public kindergartens and childcare centers this year in line with ongoing efforts to boost the country’s low birthrate, the government said Thursday. The Ministry of Health and Welfare said it has decided to increase the number of new centers from 450, [...]
SEOUL, Jan. 21 (Korea Bizwire) — The Gwanghwamun Plaza, a national landmark located in the heart of Seoul, will be greatly expanded to be reborn as the capital’s cultural, historical and transportation hub, the municipal government said Monday. The size of Gwanghwamun Plaza, next to Gyeongbok Palace, the main royal palace of the Joseon Dynasty, [...]
SEOUL, Feb. 6 (Korea Bizwire) — Emart24, Shinsegae Group’s rebranded convenience store chain, is expanding at a faster pace than its main rivals although it’s still behind in the total number of stores, industry data showed Tuesday. Emart24 added 95 more stores in January, compared with 71 for CU, 84 for GS25 and 25 for [...]