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 [...]
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 [...]
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 [...]
SEOUL, Sept. 5 (Korea Bizwire) — The government on Thursday said it plans to introduce a system to make public the country’s wage distribution, for the first time, in December in a bid to narrow severe wage disparity among workers. The system is part of a set of measures worked out by the government and [...]
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 [...]
SEOUL, Sept. 3 (Korea Bizwire) — The government plans to increase its job creation budget by over 20 percent to a record volume of nearly 26 trillion won (US$21.4 billion) next year, with unemployment benefits accounting for a record 40 percent of the total, the Ministry of Employment and Labor said Tuesday. The government will [...]
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 [...]
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 [...]
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 [...]
SEOUL, Aug. 19 (Korea Bizwire) — South Korea has taken a first step toward free high school education by exempting all third graders from their entire education expenses starting in the fall semester, the Ministry of Education said Monday. As most high schools nationwide resumed classes on the day after a lengthy summer vacation, about [...]