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Gov’t to Offer Incentives to Foreign Workers to Tackle Dwindling Working Population

Gov’t to Offer Incentives to Foreign Workers to Tackle Dwindling Working Population

SEOUL, Sept. 19 (Korea Bizwire) — The government announced plans to welcome more foreign workers to address the dwindling working population in South Korea due to the low birthrate and aging society. The Ministry of Economy and Finance announced on Wednesday that it will introduce a new visa for highly educated, high income-earning foreigners which [...]

S. Korea to Spend Over 1 tln Won to Nurture Content Creators

S. Korea to Spend Over 1 tln Won to Nurture Content Creators

SEOUL, Sept. 17 (Korea Bizwire) — South Korea announced plans Tuesday to help raise the global competitiveness of the country’s entertainment and content industry via an investment-loan guarantee project worth more than 1 trillion won (US$841 million). The government will spend 450 billion won by 2022 in a “content venture investment fund” aimed at offering [...]

Gov’t Disapproves Mount Seorak Cable Car Project

Gov’t Disapproves Mount Seorak Cable Car Project

SEOUL, Sept. 16 (Korea Bizwire) — The Ministry of Environment said Monday it has decided not to permit a new cable car project on Mount Seorak, one of the nation’s most scenic mountains, ending a years-long debate on the project’s possible damage to the environment. The Wonju Regional Environmental Office, under the ministry, announced a [...]

Owners of Fierce Dogs Will Pay Fines if Compulsory Education Not Completed

Owners of Fierce Dogs Will Pay Fines if Compulsory Education Not Completed

SEOUL, Sept. 11 (Korea Bizwire) — For public safety, the government will limit the length of dog leashes when taking a walk to 2 meters and make education mandatory for the owners of so-called “fierce dogs.” The Ministry of Agriculture, Food and Rural Affairs announced Tuesday a revision to the Enforcement Rules of the Animal [...]

Gov’t Cracks Down on Country of Original Labeling for Seafood

Gov’t Cracks Down on Country of Original Labeling for Seafood

SEOUL, Sept. 4 (Korea Bizwire) — The government is set to launch a special crackdown on the origin of imported fisheries products. Targeted items include a large number of imported fishery products that are imported from Japan. The Ministry of Oceans and Fisheries and the National Fishery Products Quality Management Service (NFQS) said Tuesday they [...]

S. Korea to Invest 248 bln Won in Smart Farming in 2020

S. Korea to Invest 248 bln Won in Smart Farming in 2020

SEOUL, Sept. 3 (Korea Bizwire) — South Korea plans to allocate a whopping 248 billion won (US$203 million) for next year to nurture the country’s smart farming industry, Seoul’s agriculture ministry said Tuesday. The budget, which must be approved by parliament later this year, marks a more than 50-percent surge from 162 billion won earmarked [...]

Gov’t Spends More on Jobs for Seniors, Less on Those in Their 40′s

Gov’t Spends More on Jobs for Seniors, Less on Those in Their 40′s

SEOUL, Sept. 2 (Korea Bizwire) — Government funding set aside for workers in their 40s, composing the main tier of employment in South Korea, turned out to be much smaller than the budget allocated to jobs for seniors, drawing criticism that the government continues to focus on quantity, rather than quality, of employment. The 2020 [...]

Seoul Eyes Over 1 tln Won in Subsidies for Eco-friendly Cars in 2020

Seoul Eyes Over 1 tln Won in Subsidies for Eco-friendly Cars in 2020

SEJONG, Sept. 1 (Korea Bizwire) — South Korea will offer more than 1 trillion won (US$827 million) in subsidies to people who buy electric and hydrogen fuel-cell electric vehicles next year to promote the use of eco-friendly vehicles that do not emit the greenhouse gases largely responsible for global warming, an official said Sunday. The [...]