SEOUL, Aug. 17 (Korea Bizwire) – Postage stamps in celebration of South Korean President Moon Jae-in’s 100th day in office were released today, seeing hundreds of people waiting in line for hours in what could be the one and only opportunity to get ahold of the rare collectibles. According to Korea Post, over 300 people [...]
SEOUL, Aug. 14 (Korea Bizwire) — In less than 100 days since taking office, new South Korean President Moon Jae-in appears to have successfully turned the boat around, mostly for the better, but also with many challenges that include escalating tension with communist North Korea. The changes initiated by Moon during his first three months [...]
SEOUL, Aug. 9 (Korea Bizwire) — President Moon Jae-in on Wednesday introduced a government move to significantly reform the state-run health care program that will greatly reduce the medical expenses of patients, especially those in the low-income bracket, while providing new and enhanced benefits. At the same time, the president vowed to keep the rise [...]
SEOUL, Aug. 3 (Korea Bizwire) — Just seven years ago, Cho Soo-kyung, a public relations agency worker, hardly had time for herself as her job demanded nearly every moment of her waking hours. A sense of devotion and achievement were her rewards, or at least that’s what her company wanted her to believe. “Then, I [...]
SEJONG, Aug. 2 (Korea Bizwire) – South Korea will raise tax rates for the “super-rich” and big money-making companies, the finance ministry said Wednesday, in what many see as a move to finance the incumbent Moon Jae-in government’s pledges on job creation and expand social welfare. Under its biannual tax revision plan, which requires approval from [...]
SEOUL, Jul. 27 (Korea Bizwire) — President Moon Jae-in said Thursday that he has declared three areas recently hit by torrential rain disaster areas, enabling special government support for the regions. “I approved the request to declare the three areas special disaster areas. I hope this will help those regions in their recovery. I wish [...]
SEOUL, Jul. 26 (Korea Bizwire) — South Korean President Moon Jae-in has officially adopted a homeless dog as a presidential pet, his office said Wednesday. Moon received a rescue dog named “Tory” from the animal rights group Coexistence of Animal Rights on Earth (CARE) after signing an adoption agreement, the presidential office Cheong Wa Dae [...]
SEJONG, Jul. 25 (Korea Bizwire) — The economic policy plan of the new Moon Jae-in government released on Tuesday effectively proclaims a paradigm shift toward income- and consumption-led growth moving forward. It marks a full-fledged move to realize President Moon’s slogan of “income-led growth,” that calls for increasing household income and spending with the help [...]
SEOUL, July 21 (Korea Bizwire) – President Moon Jae-in appointed two new ministers Friday, nearly completing the list of his first Cabinet. Paik Un-gyu was appointed the new minister of trade, industry and energy, with Park Neung-hoo appointed the new health and welfare minister in a ceremony held at the presidential office Cheong Wa Dae. [...]
SEOUL, July 20 (Korea Bizwire) – South Korea will set up a new ministry in charge of small and medium-sized businesses (SMEs) that will be dedicated to supporting smaller companies and creating more jobs, the government said Thursday. After long-drawn-out negotiations, the National Assembly passed the bill which included elevating the Small and Medium Business [...]