SEOUL, Jan. 24 (Korea Bizwire) – Members of the local and international media are invited to attend a press conference on January 25, 2017, at the National Assembly Building in Seoul, South Korea, at which time proposed legislation to significantly strengthen the country’s animal welfare laws will be introduced. Senator Pyo Chang-won, Chairman of the [...]
SEOUL, Jan. 6 (Korea Bizwire) – Animal rights organization Tinker Bell Project announced Thursday that it had installed four “soup kitchen” shelters for stray cats around the National Assembly building in Seoul on January 4. The shelters, in the form of two-story mini-cabins, will provide a resting place for the animals to escape the cold [...]
SEOUL, Sept. 1 (Korea Bizwire) – South Korea’s 20th National Assembly kicked off its first regular session on Thursday that will run through December, with the ruling Saenuri Party protesting against the parliamentary speaker’s remark criticizing the government’s bid to deploy a U.S. missile defense system. The Saenuri Party, as well as the Minjoo Party [...]
SEOUL, July 29 (Korea Bizwire) – The Korean Constitutional Court ruled Thursday to uphold a new anti-graft law, a decision that is likely to affect numerous businesses across Korea. Better known as the Kim Young-ran law, named after its advocate, the law prohibits government officials, civil servants, journalists, and faculty members of private schools from [...]
SEOUL, June 9 (Korea Bizwire) – The percentage of lawmakers in the new National Assembly who were exempted from serving in the military has fallen below the national average, data showed Wednesday, a development that reflects growing demand that elected officials fulfill their obligations before asking for votes. Of the 249 male lawmakers in the [...]
SEOUL, Aug. 5 (Korea Bizwire) — Korea is expected to implement the third stage of law market reforms permitting the establishment of joint venture law firms between local firms and foreign law firms according to free trade agreements with the European Union and the United States. The Ministry of Justice announced on August 4 that it [...]
SEOUL, July 28 (Korea Bizwire) – The standards for insurance payments on foreign cars are not clear, exposing drivers of low-priced cars to financial risks. Professors Ki Seung-do and Lee Kyu-hoon of the Korea Insurance Research Institute pointed out that domestic car drivers are exposed to more financial risks when getting in accidents with foreign cars. [...]
SEOUL, July 9 (Korea Bizwire) — Business leaders in South Korea vowed Thursday to keep pushing for their planned investment and taking the lead in rejuvenating the economy, which is struggling with slumping domestic demand in the wake of the Middle East Respiratory Syndrome (MERS) outbreak. In a joint statement, presidents of the country’s top 30 [...]
SEJONG, June 8 (Korea Bizwire) — The government on Monday proposed the construction of two new nuclear reactors over the next 15 years in an effort to help cut the country’s emission of greenhouse gases. The so-called basic plan for power supply calls for building the two nuclear reactors by 2029, bringing the total number [...]
SEJONG, May 29 (Korea Bizwire) — South Korea’s national debt surpassed the 1,200 trillion won (US$1.08 trillion) mark in 2014 due to increased fiscal spending for the economic recovery and a rise in pension payments for government employees and service members, a government report showed Friday. Gross national debt, including appropriations for pension payments, stood at [...]