OECD Archives | Be Korea-savvy
Social Values and Better Quality of Life Government’s Top Priorities

Social Values and Better Quality of Life Government’s Top Priorities

SEOUL, March 20 (Korea Bizwire) — Social values and the improvement of quality of life are at the forefront of South Korea’s new government innovation plans. According to the new government innovation action plans announced by the Ministry of the Interior and Safety on Monday, social values will be prioritized in all sectors, including society, the [...]

FSC to Refrain From Restrictive Fintech Policies Following Criticism

FSC to Refrain From Restrictive Fintech Policies Following Criticism

SEOUL, Mar. 20 (Korea Bizwire) — Financial authorities will ease Fintech restrictions following criticism that South Korea has the most restrictive information protection policies in Asia. According to the Financial Services Commission on Monday, an opt-out policy will be introduced in the financial information sector to allow companies to collect data and improve data security for [...]

Dozens of Children Killed in School Zone Traffic Accidents Every Year

Dozens of Children Killed in School Zone Traffic Accidents Every Year

SEOUL, Mar. 6 (Korea Bizwire) — A worrying number of South Korean children are falling victim to car accidents, prompting road authorities and schools to take safety precautions. In Seoul alone, an average of 734 pedestrian accidents involving children have taken place each year over the last five years, prompting local police forces to ramp up [...]

Job Longevity Greater in Public Sector

Job Longevity Greater in Public Sector

SEJONG, Feb. 28 (Korea Bizwire) – South Korea’s statistics authority announced on February 27 its figures on public sector employment in 2016, which revealed average job longevity to be over three times longer for public employees than for all salaried workers.  Jobs at state-operated entities and government institutions combined, work positions in the public sector [...]