SEOUL, May 25 (Korea Bizwire) – The United States, China and countries around the world are waging an intense battle to gain supremacy in the semiconductor industry, crucial for cutting-edge technologies. On May 23, in a meeting presided over by President Yoon Suk Yeol, South Korea’s government unveiled a comprehensive 26 trillion won support package for [...]
SEOUL, May 23 (Korea Bizwire) – Beginning in September, 100 Filipino household workers will be deployed in Seoul as part of a pilot program aimed at assisting dual-income families with child care. However, the high monthly cost of around 2.06 million won for full-time services has raised concerns among young couples about the program’s affordability. According [...]
SEOUL, May 23 (Korea Bizwire) – As young people grapple with the enduring footprint of their digital pasts, South Korea’s “Eraser Service” has emerged as a lifeline, enabling them to scrub embarrassing posts and personal information from the internet. The service, launched last year as a pilot program and now in full operation by the Personal [...]
SEOUL, May 23 (Korea Bizwire) – As South Korea braces for the sweltering summer months, the government has stepped up efforts to prevent heat-related illnesses among outdoor workers, fortifying weather forecasts and increasing inspections at vulnerable workplaces. According to the Ministry of Employment and Labor and the Korea Meteorological Administration, the weather agency will provide customized [...]
SEOUL, May 22 (Korea Bizwire) –In a groundbreaking move to prevent digital sex crimes and support victims, the Seoul Metropolitan Government has become the first in the nation to introduce artificial intelligence (AI) surveillance technology capable of detecting child and youth sexual exploitation material. This will enable 24-hour automated tracking and monitoring. The Seoul Institute, [...]
SEJONG, May 22 (Korea Bizwire) – As South Korea’s minimum wage council begins deliberations this year to set the wage floor for 2025, labor representatives are pushing to extend minimum pay protections to gig workers and freelancers, a move that could upend compensation practices across a widening swath of the economy. At the first plenary meeting [...]
SEOUL, May 21 (Korea Bizwire) – A tense standoff has emerged between Hyundai Motor Group and the Seoul Metropolitan Government over the proposed height of buildings in the forthcoming Global Business Complex (previously Global Business Center) slated for Seoul’s affluent Gangnam district. The discord centers on the maximum number of floors for the tallest skyscraper in [...]
SEOUL, May 20 (Korea Bizwire) – In a bold move towards a more sustainable future, Seoul has announced a comprehensive strategy to reduce the use of single-use plastics, aptly dubbed the Plastic-Free Seoul initiative. Starting from September, events and festivals hosted by the city with an anticipated attendance of 1,000 or more people will be prohibited [...]
SEOUL, May 20 (Korea Bizwire) — The Seoul city government announced Monday it will invest 250.6 billion won (US$184.8 million) over the next five years to attract foreign talent and businesses, aiming to boost the city’s global competitiveness. The plan, announced by Seoul Mayor Oh Se-hoon, came amid an increasing foreign population in Seoul, with [...]
SEOUL, May 20 (Korea Bizwire) — The government has come under criticism for retracting a plan to force the Korea Certification (KC) safety mark on certain goods directly purchased overseas, following strong protests from consumers. The government said Sunday its proposed ban on direct overseas purchases of 80 types of goods that may affect public [...]