SEOUL, March 30 (Korea Bizwire) — South Korea is bracing for the possibility of a prolonged novel coronavirus pandemic as it plans to unveil guidelines for citizens to carry out quarantine measures as part of their daily routines. Public health authorities said Monday said that a social dialogue body will be formed this week involving [...]
SEOUL, March 25 (Korea Bizwire) — South Korea’s chief financial regulator has announced a host of new policy measures and reforms, including a measure to prevent parents who are estranged from their children from receiving insurance money for their children’s deaths. The Financial Services Commission (FSC) said Tuesday that it has drawn up 18 improvements [...]
SEOUL, Sept. 30 (Korea Bizwire) — A presidential committee on Monday suggested measures to reduce South Korea’s fine dust by up to 20 percent later this year amid growing concerns over an environmental issue that has social and diplomatic ramifications. The measures, encompassing seven areas such as industry, health and international cooperation, are expected to [...]
SEOUL, Jul. 17 (Korea Bizwire) — In what could signal an end to a monthslong tussle between conventional taxi service providers and new mobility platform operators, the government on Wednesday proposed easing regulations for new ride services, while outlining measures to support the taxi service industry. The taxi industry has been at odds with ride-sharing [...]
SEOUL, Feb. 1 (Korea Bizwire) — The government apologized Friday for the recent outbreak of the foot-and-mouth disease (FMD) in the country and vowed to make all-out efforts to tackle the spread of the highly contagious virus. “We have promptly taken countermeasures including immediate culling and issuing travel regulations as soon as we received reports [...]
SEOUL, Dec. 27 (Korea Bizwire) — The government is pushing to require all communication facilities to install bypass networks in case of serious disruptions to its operations following a transceiver station fire at the nation’s second-largest mobile carrier KT Corp., officials said Thursday. A set of countermeasures to strengthen communication facility management was drafted by [...]
SEJONG/SEOUL, Sept. 27 (Korea Bizwire) — South Korea plans to soften regulations on overseas remittance and allow mega-sized investment banking (IB) firms to issue foreign currency-denominated promissory notes, as part of its effort to push for deregulations, the country’s finance ministry said Thursday. The government also plans to allow duty-free shops at arrival terminals in [...]
SEOUL, Feb. 11 (Korea Bizwire) - South Korea said Thursday that it will come up with a set of measures to support its firms operating at a joint factory park in North Korea to help minimize any fallout from the shutdown. On Wednesday, the Seoul government announced that it will stop the operation of the factory [...]