SEOUL, Feb. 23 (Korea Bizwire) – SBW Group has declared its commitment to addressing South Korea’s declining birth rates by offering substantial childbirth incentives to its employees. During a campaign launch ceremony held at its headquarters in Yongsan-gu, Seoul, the conglomerate announced that from January 1 of this year, employees with over five years of service [...]
SEOUL, Feb. 6 (Korea Bizwire) – Booyoung Group is launching a groundbreaking initiative to encourage childbirth among its employees by offering 100 million won to those who have children. Additionally, the company has proposed providing permanent rental housing of average size to employees who have three or more children. Chairman Lee Joong-keun announced at the 2024 [...]
SEOUL, June 5 (Korea Bizwire) — The government will provide various incentives to facilitate the decentralization of data centers, currently concentrated in South Korea’s capital area, officials have said. Under the newly authorized detailed enforcement regulations by the Ministry of Trade, Industry, and Energy, newly built data centers in non-capital areas, supplied with 22.9-kilovolt power, [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s large companies will be eligible to receive incentives in the allocation of greenhouse gas emissions rights if they help small and medium-sized enterprises (SMEs) to reduce their emissions of greenhouse gases. The Ministry of Environment announced on Wednesday that it will revise guidelines concerning the acknowledgement of [...]
SEOUL, Nov. 3 (Korea Bizwire) — President Moon Jae-in on Wednesday offered incentives to attract foreign investors as South Korea kicked off its largest foreign investment forum meant to create new opportunities amid economic recovery during the pandemic. Invest Korea Week 2021, which runs through Friday, is expected to bring together 3,000 officials from major [...]
SEOUL, June 19 (Korea Bizwire) — A variety of industries ranging from hotels to movie theaters and local governments are giving discounts and other promotions to vaccinated people to encourage more people to be inoculated as the nationwide rollout speeds up. As of Friday, a total of more than 14.23 million people have received their [...]
SEOUL, June 16 (Korea Bizwire) — From free tickets to discounted travel, and to advantages in hiring, local governments are offering various incentives to encourage people to get vaccinated against COVID-19. As of Tuesday, 25.7 percent of South Koreans have received their first dose of a vaccine and 6.8 percent have been fully vaccinated, health [...]
BUSAN, March 25 (Korea Bizwire) — Providing incentives to vessels that enter the Port of Busan at low speeds is leading to better air quality. The Busan Port Authority reported Wednesday that the incentive program has led to a 26.2 percent drop in air pollutant emissions. The program offers discounts to ships that enter and [...]
SEOUL, May 25 (Korea Bizwire) — Doosan Solus Co., a South Korean copper foil maker, has obtained incentives worth about 34 billion won(US$27.4 million) from the Hungarian government over its investment there, its parent Doosan Corp. said Monday. Doosan Solus has been building a copper foil-producing plant in Hungary with a capacity of 10,000 tons, [...]
SEJONG, Jan. 29 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it plans to provide more incentives to overseas companies operating in the country and induce them to carry out more foreign direct investment (FDI). The Ministry of Industry, Trade, and Energy, which hosted meetings with officials from foreign companies here, said it is [...]