SEOUL, March 29 (Korea Bizwire) — South Korea said Sunday it is considering providing financial support to 10 million lower-income households as part of emergency measures in the wake of the coronavirus outbreak. Under the plan, a four-member household whose income is below the median income can receive a one-time lump sum of up to [...]
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 [...]
SEOUL, May 1 (Korea Bizwire) — The Korean Parents’ Network for People with Disabilities, a national civic group composed of parents whose children are affected by developmental disorders, held a protest near the Blue House on Monday. The protest had 2,000 people “taking three steps after taking a bow”, following a Buddhist tradition, to convey [...]
SEOUL, Sept. 5 (Korea Bizwire) – South Korea said Monday it will extend financial support for the contractors of Hanjin Shipping, the nation’s largest container shipping line under court receivership. The government plans to use funds from the newly-allocated supplementary budgets to help those firms, especially small and medium-sized ones with relatively good financial health [...]
SEOUL, Aug. 12 (Korea Bizwire) – The South Korean government plans to offer up to 600,000 won (US$543) to young job seekers as part of a broader package to tackle youth unemployment and prop up growth, officials said Friday. To those under the age of 34, who are “actively” seeking jobs, the government plans to [...]