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2014 Environmental Policy Fund of 182.5 billion won reaches all-time high

SEOUL, Korea, 17, Jan. (Korea Bizwire) – Korea Institute of Environmental Technology & Industry (KEITI) under the Ministry of Environment (MOE) announced on the 16th that it will provide the environmental policy fund of 182.5 billion KRW to help business stabilization of small- and medium-sized enterprises (SMEs) in the field of environment. The fund hits [...]

[FastKorea] Colleges pad salaries by paying for pensions

The Ministry of Education said on Wednesday that 39 colleges across the nation have been caught unlawfully spending 186 billion won ($163.1 million) by covering the pension payments for their school personnel. The practice is causing an uproar as the schools mostly drew from student tuition fees to pay the teachers’ pensions, which account for [...]