Financial support Archives | Be Korea-savvy
S. Korean Multiplex Chains to Give Financial Support for New Releases in Feb.

S. Korean Multiplex Chains to Give Financial Support for New Releases in Feb.

SEOUL, Jan. 18 (Korea Bizwire) – South Korea’s three major multiplex chain operators said Monday they will provide additional financial support to new movies next month as an inducement strategy to bring weary moviegoers back to cinemas amid the prolonged coronavirus pandemic. In the South Korean film industry, theaters and film distributing companies divide the [...]

Gov’t Boosts Child-rearing Financial Support for Unmarried Fathers

Gov’t Boosts Child-rearing Financial Support for Unmarried Fathers

SEOUL, Aug. 13 (Korea Bizwire) — Starting from this month, unmarried fathers will be able to receive financial support for child-rearing expenses even before the birth of their child has been registered. Their children will also be able to continue to receive health insurance benefits. The Ministry of Gender Equality and Family unveiled such measures [...]

Samsung Affiliates Extend 2.6 tln Won to Virus-hit Suppliers

Samsung Affiliates Extend 2.6 tln Won to Virus-hit Suppliers

SEOUL, Feb. 9 (Korea Bizwire) — Samsung Group’s affiliates will extend 2.6 trillion won (US$2.2 billion) in financial support to their subcontractors to help them weather the fast-spreading coronavirus, the group said Sunday. Samsung Electronics Co., Samsung Display Co. and Samsung Electro-Mechanics will jointly extend 1 trillion won worth of loans at zero or low [...]