SEOUL, May 21 (Korea Bizwire) — Lee Jae-myung, presidential candidate of the Democratic Party of Korea, has pledged to overhaul the nation’s animal welfare framework by introducing a Basic Animal Welfare Act and establishing a National Animal Welfare Promotion Agency, aiming to consolidate currently fragmented government responsibilities related to animals. In a policy statement released via [...]
SEOUL, April 12 (Korea Bizwire) — As South Korea’s petrochemical sector grapples with a historic downturn, the government is expected to unveil new support measures in the coming months, following the completion of a strategic industry consulting project commissioned to address deep structural challenges. The Korea Petrochemical Industry Association recently submitted a final report to [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s economy is forecast to expand 1.8 percent this year, the government said Thursday, emphasizing “stable management” as its primary policy focus amid unprecedented levels of uncertainty. The latest projection for Asia’s fourth-largest economy falls below the Bank of Korea’s forecast of 1.9 percent and the estimates of [...]
SEOUL, July 5 (Korea Bizwire) — The Ministry of Economy and Finance on Tuesday announced plans to promote tourism to foreigners as part of its economic policy for the latter half of the year. As part of the program, 700 round-trip flight tickets will be distributed both online and offline to attract more foreigners to [...]
SEOUL, Dec. 13 (Korea Bizwire) — The direction of the Yoon Suk-yeol government’s labor reform policy has become more concrete with a focus on overhauling the rigid 52-hour workweek and strengthening the performance-based pay system. The 52-hour workweek law introduced in 2018 during the previous Moon Jae-in government to prevent overwork mandates that overtime work [...]
SEOUL, May 20 (Korea Bizwire) — The state human rights watchdog on Thursday ruled that a dating app policy that only allows men from certain schools or occupations to join the app fails to amount to an act of discrimination. The National Human Rights Commission announced that it had turned down the complaint that it [...]
SEOUL, March 17 (Korea Bizwire) — Amid a major public divide over the issue of President-elect Yoon Suk-yeol’s vow to abolish the Ministry of Gender and Equality, two-thirds of South Koreans in their 20s believed that gender equality policies should be prioritized on the government’s agenda, a women’s think tank said Wednesday. The Korean Women’s [...]
SEOUL, Oct. 21 (Korea Bizwire) — Municipalities in Gyeonggi Province are coming up with various projects to boost childbirth. The city of Yongin decided to continue offering childbirth subsidies and give out ‘First Encounter Coupons’ to be introduced by the central government. The First Encounter Coupons are 2-million-won (US$1,700) vouchers given out for each child to [...]
SEOUL, June 24 (Korea Bizwire) — A recent study showed that the most cost effective policy for the reduction of fine dust among the initiatives pursued by the Seoul metropolitan government is a measure targeting the mitigation of vehicle emissions. A report released on Wednesday by the Seoul Institute, a think tank for the Seoul [...]
SEOUL, April 27 (Korea Bizwire) — Skepticism is growing over the effect of the government’s new policy of granting temporary stay permits to undocumented migrant children. The Ministry of Justice is receiving applications from those who want to benefit from the policy, which is limited to children who have lived here for more than 15 [...]