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More than Half of S. Koreans Back Moon’s N. Korea Policy: Poll

More than Half of S. Koreans Back Moon’s N. Korea Policy: Poll

SEOUL, May 8 (Korea Bizwire) — More than half of South Korean adults positively evaluate the Moon Jae-in government’s policy of making peace with North Korea, a poll showed Wednesday. Realmeter’s survey of 505 people older than 19 nationwide found that 52.2 percent gave a positive assessment of Moon’s peace policy for the Korean Peninsula. [...]

About 340,000 Sign Up Against Nuclear Phase-out Policy: Activists

About 340,000 Sign Up Against Nuclear Phase-out Policy: Activists

SEOUL, Jan. 21 (Korea Bizwire) — Nearly 340,000 people have signed a petition opposing the Moon Jae-in government’s nuclear phase-out policy and demanding the resumption of construction of the Shin Hanul 3 and 4 nuclear plants, its organizers said Monday. The organizers, led by the main opposition Liberty Korea Party (LKP) and civic groups, said [...]

Gov’t Policy for Self-employed Criticized for Errors, Missteps

Gov’t Policy for Self-employed Criticized for Errors, Missteps

SEOUL, Dec. 17 (Korea Bizwire) — The South Korean economy has one of the highest portions of individuals running their own stores and shops, and they are getting pushed to the brink by a slumping economy and policy missteps, market watchers said Monday. Data from Statistics Korea put the number of self-employed people at some [...]

Korea Implements ‘Seasonal Employee’ Program

Korea Implements ‘Seasonal Employee’ Program

BOEUN, June 11 (Korea Bizwire) – There’s an unfamiliar face working alongside Korean farmers at Mr. Song’s garlic farm in a peaceful town in Boeun County, North Chungcheong Province. His name is Tran, and he’s a 45-year-old Vietnamese citizen who arrived in Korea last week to help out with Song’s farming operation.  Tran was recommended [...]

Finance Minister, BOK Chief Agree on Policy Harmony

Finance Minister, BOK Chief Agree on Policy Harmony

SEOUL, Jan. 15 (Korea Bizwire) -South Korea’s finance minister and the central bank chief agreed Friday to strengthen cooperation in managing economic and monetary policies in a bid to tide over current challenges at home and abroad. At their first meeting since Finance Minister Yoo Il-ho took office on Wednesday, Yoo and Bank of Korea [...]

S. Korea Set to Utilize FTAs to Revive Exports in 2016

S. Korea Set to Utilize FTAs to Revive Exports in 2016

SEJONG, Jan. 14 (Korea Bizwire) - South Korea will make full use of its free trade agreements (FTAs) and diversify products and services it sells overseas to revive exports in 2016 after a disappointing performance a year earlier, the trade ministry said Thursday. In a 2016 policy report to President Park Geun-hye, the Ministry of Trade, [...]

Gov’t to Energize Economy by Boosting Consumption

Gov’t to Energize Economy by Boosting Consumption

SEJONG, Jan. 14 (Korea Bizwire) – The government said Thursday that it will put its top economic policy priority on jump-starting the country’s economy by focusing fiscal spending on a faster recovery of domestic demand and revitalizing sagging exports. In a joint report to President Park Geun-hye on the government’s economic policy goals for this [...]