SEOUL, July 4 (Korea Bizwire) — South Korea’s economic policy report unveiled Tuesday focused on laying the groundwork for the long-term and sustainable growth of Asia’s fourth-largest economy amid signs of a recovery in its exports and employment, along with a slowdown in inflation. In its latest report on the economic outlook for 2023, the [...]
SEOUL, June 30 (Korea Bizwire) — The government is launching an initiative to establish guidelines for caring for and neutering stray cats by the end of this year. The Ministry of Agriculture, Food and Rural Affairs said Friday it has formed a consultative group comprising animal protection groups, veterinary associations, academia members, legal organizations, and [...]
SEOUL, June 7 (Korea Bizwire) — South Korea plans to lift a set of industrial regulations to try to induce combined private investment worth 300 billion won (US$231 million), the finance ministry said Wednesday. The plan, the fifth of its kind, will lift hurdles for five investment projects, including construction of production lines, according to [...]
SEOUL, June 1 (Korea Bizwire) — The government will quickly overhaul its emergency messaging system in the wake of this week’s erroneous alert in an effort to prepare against future missile launches by North Korea, officials said Thursday. Seoul residents woke up Wednesday morning to air raid sirens and a mobile phone alert advising them [...]
SEOUL, June 1 (Korea Bizwire) — South Korea said Wednesday that disposable cups offered at cafes in government buildings will be phased out. The Ministry of Environment and the Ministry of the Interior and Safety announced that coffee chain restaurants in the nation’s 13 government buildings will be required to implement a multi-use cup circulation [...]
SEOUL, May 26 (Korea Bizwire) — South Korea unveiled its first five-year plan Friday to support a massive investment by private companies in the advanced industries of semiconductors, displays, batteries and bio by extending subsidies, nurturing talents and easing regulations. The plan is meant to help companies in the strategic industries make a planned investment [...]
SEOUL, May 24 (Korea Bizwire) — The Ministry of Agriculture, Food and Rural Affairs announced on Tuesday its intention to dispose of surplus government grain (rice) by the end of this year, aiming to reduce the excess stockpile. The grain will be utilized for alcohol production and animal feed. Last year, the ministry purchased a [...]
SEOUL, April 25 (Korea Bizwire) — South Korea plans to introduce a new service that allows teenagers to delete or hide posts that they uploaded on the internet when they were younger, the data protection watchdog said Monday. The Personal Information Protection Commission announced it would begin a trial project to increase control over children’s [...]
SEOUL, April 18 (Korea Bizwire) — South Korea is stepping up efforts to combat fast-growing drug crimes by establishing a large-scale investigation unit comprising 840 officials from different government agencies, the government said Tuesday. The plan is a follow-up to a set of comprehensive measures against drug crimes announced last November, which resulted in the [...]
SEOUL, April 10 (Korea Bizwire) — South Korean authorities are convening a high-level “Council of Related Agencies Responding to Drug Crimes” on Monday to tackle the growing number of drug-related incidents, including the recent case in which beverages laced with narcotics were handed out to students at cram schools in Seoul’s Gangnam district. The meeting, [...]