SEJONG, May 29 (Korea Bizwire) – New home permits in South Korea plunged nearly 30 percent in April from a year earlier, the government said Monday, amid its move to limit housing sales as a way of curing household debt and rising interest rates. Construction permits issued for new homes came to 43,568 last month, [...]
SEOUL, April 25 (Korea Bizwire) – South Korea announced Monday it has developed an advanced artillery-locating radar to help counter North Korea’s rocket threats more effectively. The mobile radar system, called “counter-artillery detection radar-II,” will be operational starting in 2018, according to the country’s arms procurement agency. “In recent tests it met all of the required operational capabilities of the military. It has [...]
GYEONGGI, April 21 (Korea Bizwire) – Dongtan Global High School in Gyeonggi Province is drawing attention as its ‘no supervisor’ exam policy continues to prove successful seven years after the school opened, with no breach of exam regulations reported. Since its founding in 2011, Dongtan Global High School has been conducting some of its exams [...]
SEJONG, April 19 (Korea Bizwire) – South Korea’s capital city and its surrounding areas saw their net residents move out from the region in 2015 amid rising housing costs, government data showed Wednesday. About 2.39 million people moved to the Seoul metropolitan area in 2015 from five years ago, while 2.55 million people changed their [...]
SUWON, May 30 (Korea Bizwire) – Gyeonggi Province’s ‘English Villages’ are closing down after 12 years of operation. Instead, they will be redeveloped into talent-training institutes, offering various educational programs that are more future-oriented. An English Village was first established in 2004 in Ansan in an effort to create an environment that would offer professional [...]
PAJU, April 4 (Korea Bizwire) – The filming site of the sensational TV series “Descendants of the Sun” in Camp Greaves, the former U.S. military camp near the Demilitarized Zone (DMZ) in Paju, north of Seoul, will turn into a foothold of the region’s tourism industry, provincial officials said Sunday. The camp, which is currently [...]
SEOUL, Sept. 8 (Korea Bizwire) – As charcoal is often used to commit suicide, a local government, charcoal manufacturers and retailers joined forces to promote a campaign to use the products for the proper purposes. Gyeonggi Province signed an MoU on Sept. 8 with Daemyeong Charcoal and Korea Supermarket Cooperative Fedeeration to hold a “Life [...]
SUWON, Jun. 26 (Korea Bizwire) — Gyeonggi-do is planning to provide big-data based analysis on commercial areas for individuals or companies planning to open new businesses in the province. The Gyeonggi Provincial Assembly has pre-announced legislation for an ordinance to develop a system for the analysis, said the assembly on June 25. The system will [...]
SEOUL, June 4 (Korea Bizwire) – As the deadly Middle Eastern Respiratory Syndrome (MERS) virus is spreading rapidly and worry increases, education authorities are canceling classes at more than 500 schools to prevent its spread. According to the Ministry of Education, as of June 3 a total of 544 schools including 196 kindergartens, 273 elementary schools, [...]
SEOUL, May 20 (Korea Bizwire) — As part of an ambitious plan for an “Eco-DMZ Initiative,” Gyeonggi Province will introduce an “ecosystem payment scheme” at the DMZ and civilian access control lines (CACL) which offer the natural benefits of clean water, air, land, tourism and leisure. People are urged to donate a certain amount of money [...]