Reform Archives | Be Korea-savvy
Gov’t Announces Financial Services Reforms

Gov’t Announces Financial Services Reforms

SEOUL, March 25 (Korea Bizwire) — South Korea’s chief financial regulator has announced a host of new policy measures and reforms, including a measure to prevent parents who are estranged from their children from receiving insurance money for their children’s deaths. The Financial Services Commission (FSC) said Tuesday that it has drawn up 18 improvements [...]

S. Korea to Turn Key Elite Schools into General Ones by 2025

S. Korea to Turn Key Elite Schools into General Ones by 2025

SEOUL, Nov. 7 (Korea Bizwire) — South Korea on Thursday announced a plan to transform three categories of elite high schools into general schools by 2025 to promote fairness in education and improve overall public education. The education ministry said autonomous private, foreign language and international high schools will be deprived of their status of [...]

Conglomerates Pushing Reform After Graft Scandal

Conglomerates Pushing Reform After Graft Scandal

SEOUL, Feb. 22 (Korea Bizwire) – South Korea’s major conglomerates are ramping up efforts to run their sprawling business empires in a more transparent and law-abiding way following a high-profile corruption scandal that led to the impeachment of President Park Geun-hye, sources said Wednesday.  Dozens of large companies, including top conglomerate Samsung Group, have been [...]