SEOUL, Aug. 8 (Korea Bizwire) — The Moon Jae-in administration has formally put the brakes on Seoul Mayor Park Won-soon’s ambitious bid to renovate Gwanghwamun Square, a national landmark located in the heart of the capital, officials said Thursday. According to the officials, the Ministry of the Interior and Safety sent an official notice to [...]
SEOUL, Aug. 5 (Korea Bizwire) — The government announced Monday that the 2020 minimum wage will be set at 8,590 won (US$7.16) per hour as earlier decided as it has rejected a call for more deliberation by the labor sector. The labor ministry posted next year’s minimum wage in a publication in the government’s official [...]
SEJONG, Aug. 1 (Korea Bizwire) – South Korea on Thursday unveiled a plan to inject 41.8 trillion won (US$35.2 billion) by 2040 to boost the country’s cargo-handling capacity at 12 ports across the country The investment would increase the capacity to 1.85 billion tons per year in 2040 from the 1.32 billion tons in 2017, [...]
SEOUL, Aug. 1 (Korea Bizwire) — Drone delivery service will begin a testing phase for residents living on islands and in other remote areas. The Ministry of the Interior and Safety signed an agreement with Korea Post, government agencies, and local authorities to begin the pilot project. The project will set up a drone delivery [...]
SEOUL, Jul. 15 (Korea Bizwire) — The government has been offering subsidies for those purchasing an electric motorcycle as part of its strategy to reduce air pollution. The initiative, however, is facing difficulties as not enough electric motorcycles are being supplied to the public each year. Rep. Shin Chang-hyun of the ruling Democratic Party said [...]
SEOUL, Jul. 12 (Korea Bizwire) — South Korea faces the task of overhauling the decision-making scheme to set the minimum wage as repeated tensions between labor and business have raised the need to improve the negotiation-based system, experts say. The main challenge will be how to operate the government’s proposed two-layer scheme to set the [...]
SEOUL, Jul. 10 (Korea Bizwire) – The latest strikes by non-regular workers in the public sector have put the Moon Jae-in government’s labor policy — including his iconic pledge on minimum wage hikes — to the test, experts say. Moon took office in May 2017 with a pledge to build a society that abides by [...]
SEOUL, Jul. 8 (Korea Bizwire) — South Korea will invest 500 billion won (US$425 million) in overseas smart city projects to be built by local companies as it seeks to foster smart cities as a future growth driver, the transport ministry said Monday. In partnership with local pension funds and private investors, the ministry aims [...]
SEOUL, Jul. 4 (Korea Bizwire) — In the future, parents who need extended childcare, such as double-income couples, will be able obtain assistance in caring for their children without being sorry and feeling guilty for workers at daycare centers. The Ministry of Health and Welfare said Wednesday that a new childcare support system for daycare [...]
SEOUL, Jul. 3 (Korea Bizwire) — South Korea’s agriculture ministry said Wednesday it is drawing up a five-year plan on improving the welfare of animals in the country, which will focus on adopting tougher regulations against animal cruelty and providing them with a better living environment. Under the 2020-2024 plan which is anticipated to be [...]