SEOUL, May 9 (Korea Bizwire) — President Yoon Suk Yeol said Thursday he will create a new ministry to tackle the country’s low birth rate. Yoon made the remark during an address to the nation marking the second anniversary of his presidency. “In order to overcome the low birth rate, which can be considered a [...]
SEOUL, Aug. 22 (Korea Bizwire) – South Korea will provide $200,000 worth of humanitarian aid to Nepal, which was hit hard by recent heavy rains and floods, the foreign ministry said Tuesday. The heavy rains that started late last week and the resulting floods and mudslides in Nepal have killed more than 130 people so [...]
SEOUL, June 9 (Korea Bizwire) – South Korean venture firms on Friday welcomed the government’s plans to establish a new ministry supporting small and medium-size startups, expressing hope that the new entity will concentrate on technology and growth potential rather than sales and financial stability in rendering assistance. During the election campaign, President Moon Jae-in [...]
SEOUL, Sept. 18 (Korea Bizwire) – When looking at the English names of Korean governmental organizations, there is a section in all departments called the ‘Creative Administration and Management Division’. When translated, it means that the section is in charge of administrative management in a creative way. A Korean would know that the name [...]