PLEASANT GROVE, Utah and NAIROBI, Kenya, Oct. 20 (Korea Bizwire) — doTERRA and its supply chain partners have connected with World Bank to improve access to funding for smallholder farmers in Kenya. The project is part of a broader plan called the Kenya Marine Fisheries and Socio-Economic Development Project (KEMFSED) that will support fisheries value [...]
SEJONG, June 9 (Korea Bizwire) — The World Bank has added South Korea to a list of countries that provide emergency medical care to the global organization’s employees, South Korea’s finance ministry said Tuesday. The World Bank requires its workers who have an acute or life-threatening condition or injuries to receive immediate medical treatment in [...]
BEIJING, Nov. 20 (Korea Bizwire) — Tax authorities could do more to realise the full potential of new technology to reduce the tax compliance burdens on taxpayers, according to the 2019 edition of the annual Paying Taxes report, produced by PwC and The World Bank Group. The report, released today in Beijing, has found that [...]
SEOUL, Jan. 29 (Korea Bizwire) – Samsung Engineering’s longstanding dispute with the government of Oman has been resolved, and industry insiders expect the resolution to lead to increased business activity between the two down the road. According to industry watchers, the court at the International Centre for Settlement of Investment Disputes (ICSID) handling Samsung Engineering’s [...]
SEJONG, Oct. 28 (Korea Bizwire) – South Korea’s business environment ranking has risen to fourth place among 189 countries on improvements in property registry, contract enforcement and minor investor protection, a report by the World Bank showed Wednesday. According to the international institution’s annual “Doing Business 2016″ ranking report, the ranking represents a one-notch rise [...]
SEOUL, July 15 (Korea Bizwire) — South Korea will constantly try to expand development assistance for countries in need, capitalizing on its own experience, Foreign Minister Yun Byung-se said Wednesday. “Korea is the prime example of a least-developed-country-turned-donor. As such, we know from experience what it takes to overcome poverty and promote sustainable development,” he said [...]
SEOUL, Apr. 22 (Korea Bizwire) — One of six North Korean children under age 5 have been suffering from chronic malnutrition, a report showed Wednesday, raising alarm over food situations in the North. The portion of underweight children suffering from malnutrition accounted for 15.2 percent of all of North Korea’s children under age 5 as [...]
SEJONG, Apr. 16 (Korea Bizwire) — South Korea has pledged US$300 million to the World Bank for its program to build critical infrastructure in developing countries and deal with their environmental and energy issues, the government said Thursday. The finance ministry said the memorandum of understanding (MOU) reached in Washington on Wednesday calls for the [...]
SEJONG, March 26 (Korea Bizwire) – South Korea will join the China-led regional development bank as one of its founding members, the finance ministry announced Thursday, helping bolster the Asian neighbor’s growing clout in the region that is alerting the U.S. The ministry said the decision to become a member of the Asian Infrastructure Investment [...]