SEOUL, Feb. 1 (Korea Bizwire) — The government announced a set of measures Wednesday to help the country’s vulnerable people to cope with a spike in heating and energy bills. The move came amid a mounting public outcry over higher heating bills caused by a global surge in gas and energy prices. The measures, among [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korea said Thursday it plans to spend 74 trillion won (US$53.4 billion) on supporting low-income families, senior citizens and other vulnerable people next year in a bid to ease the burden of rising living costs. The government plans to increase its budget spending by 8.7 trillion won in [...]
SEOUL, July 15 (Korea Bizwire) — South Korea said Friday it aims to provide policy financing worth 68.3 trillion won (US$51.4 billion) this year to small merchants and other vulnerable people in a bid to help ease the burden of rising borrowing costs. The move is a follow-up to the 125 trillion-won measure that was [...]
SEOUL, Dec. 7 (Korea Bizwire) — The Ministry of Environment said Sunday it plans to work with 17 cities and provinces to designate 36 locations across the country as zones for intensive care against fine dust, to protect vulnerable groups. Regions where multiple sources of emission exist, such as factories or heavy traffic, alongside schools, [...]
SEOUL, Nov. 10 (Korea Bizwire) — South Korean insurance companies will now be obliged to undergo deliberations by internal committees before exercising indemnity rights against minors and economically vulnerable people and the result of the deliberations should be disclosed to the public. This move is part of efforts to prevent the recurrence of a controversy [...]