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 [...]
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 [...]
SEOUL, Mar. 22 (Korea Bizwire) — The “Newtro” craze for reinterpreting the retro look is leading growth in the so-called “reform” market, where people decorate or fix their own clothes or bags in their own style. In particular, this trend is spreading further as there have been frequent scenes of buying and reproducing products on [...]
SEOUL, Jul. 31 (Korea Bizwire) — The central government has announced the general direction of the tax system reform set to be implemented next year. For the first time in ten years, taxes will be lowered for many, while the wealthier portion of the population will end up paying more in taxes. According to the [...]
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 [...]