SEOUL/SEJONG, Apr. 21 (Korea Bizwire) — The government plans to spend nearly 60 percent of this year’s budget in the first half in a bid to put the fizz back into the slowing economy, the finance ministry said Tuesday. The plan comes amid escalating concern that Asia’s fourth-largest economy may grow at a far weaker [...]
SEOUL, Aug. 4 (Korea Bizwire) — From now on, companies switching non-regular workers to the status of regular ones must fully recognize the past years of service as part of their career. This is important for those serving long years as non-permanent workers because it would affect their salary levels and promotion. According to the Ministry [...]
SEOUL, May 21 (Korea Bizwire) – Social security benefits will be enhanced for the self-employed including the independent app developers who have started their own business based on their technical skills but are financially strapped. On May 19, the Ministry of Strategy and Finance, Financial Services Commission, the Small and Medium Business Administration and other [...]
SEOUL, Korea, April 24, 2014 (Korea Bizwire) – Not long after the Ministry of Strategy and Finance of Korea has requested other ministries to secure the sources of non-tax revenues such as fines, a statistics revealed that almost a quarter of Seoul citizens have violated parking regulations at least once last year. As many as [...]
SEOUL, Korea, Mar 28 (Korea Bizwire) – With about one in ten grown-ups buying lottos, certain “lucky spots” have sprung up. The lucky spots are Lotto stores where many lotto winners have bought their winning tickets. It has been 12 years since lotto was first introduced in Korea in 2002, and the lucky spots are [...]