SEOUL, July 18 (Korea Bizwire) – President Moon Jae-in’s ambitious policy project aimed at helping overcome the new coronavirus pandemic is expected to include expansion of employment insurance coverage and fostering of IT jobs for young job seekers. Earlier this week, Moon announced plans to invest 160 trillion won (US$133 billion) by 2025 to create [...]
SEOUL, July 17 (Korea Bizwire) — South Korea said Friday it is preparing for a long battle against the new coronavirus amid the lack of an effective vaccine and treatment although the country is less likely to suffer another wave of the virus outbreak. The country, which reported its first COVID-19 case on Jan. 20, [...]
SEOUL, July 17 (Korea Bizwire) — The government will spend 18.5 trillion won (US$15.35 billion) over the next five years on renovating about 2,800 dilapidated school buildings, as part of its “New Deal” project to create millions of jobs and reinvigorate the nation’s coronavirus-hit economy, the Ministry of Education said Friday. The massive school renovation [...]
SEJONG, July 14 (Korea Bizwire) — South Korea will invest 160 trillion won (US$133 billion) by 2025 under its bold stimulus step, the “Korean New Deal,” projects that will help create 1.9 million jobs and kick-start the coronavirus-hit economy, Finance Minister Hong Nam-ki said Tuesday. Hong unveiled what the government calls “Digital and Green New [...]
SEOUL, July 14 (Korea Bizwire) — The vast majority of South Koreans agree that government agencies including the Ministry of Health and Welfare have done a good job in fighting the coronavirus. Health Consumers Network, a South Korean civic group, conducted a nationwide survey of 1,200 men and women between the ages of 20 and [...]
SEOUL, July 14 (Korea Bizwire) — Moves are afoot for generic drugs which have different names but are composed of the same ingredients and made by the same manufacturers to be identified at a single glance. The Ministry of Food and Drug Safety announced on Monday that it will start providing information on such generic [...]
SEOUL, July 12 (Korea Bizwire) — South Korea will require foreigners arriving from high-risk nations to submit a certificate showing they tested negative for the new coronavirus from Monday, as the nation struggles with a steady rise in imported cases. The high-risk nations are Bangladesh, Pakistan, Kazakhstan and Kyrgyzstan, according to websites of South Korean [...]
SEOUL, July 12 (Korea Bizwire) — After a four-month operation, South Korea’s mask ration system ended Sunday as the supply of face masks designed to help fight the new coronavirus has stabilized. As prices of protective masks skyrocketed amid the COVID-19 outbreak here, the country introduced the mask rationing scheme in early March in a [...]
SEOUL, July 12 (Korea Bizwire) — South Korea aims to wrap up necessary regulatory reforms by the end of the year in a bid to help startups and small-scale firms find new growth engines, the science ministry said Sunday. So far, 63 programs have been selected for so-called sandbox regulatory measures, which are exempted from [...]
SEOUL, July 10 (Korea Bizwire) — The government has announced plans to significantly strengthen the safety management of medical devices that are implanted into human bodies. A new system will be set up to track medical implants from factory release until the surgical implant procedure. The Ministry of Food and Drug Safety announced on Thursday [...]