SEOUL, Sept. 26 (Korea Bizwire) – The South Korean government has announced a comprehensive plan to phase out the country’s dog meat industry by 2027, allocating more than 100 billion won in next year’s budget to support the closure of nearly 6,000 dog meat businesses nationwide. The Ministry of Agriculture, Food and Rural Affairs unveiled its [...]
SEOUL, Sept. 26 (Korea Bizwire) – South Korea will create a new visa program to attract foreign workers specializing in high-tech industries, the government said Thursday, as the country prepares for a society with a growing foreign population. Justice Minister Park Sung-jae announced the plan as part of a new immigration policy aimed at enhancing social [...]
SEOUL, Sept. 25 (Korea Bizwire) – The government will work to further advance its evaluation system for policy loans to startup businesses, a move aimed at identifying areas that can make the most out of the much-needed funds, the vice chief of the financial regulator said Wednesday. Kim So-young, deputy head of the Financial Services [...]
SEOUL, Sept. 25 (Korea Bizwire) – In a significant move to address electronic waste, South Korea’s Ministry of Environment announced on September 24 that it would broaden the scope of its recycling program to encompass a wider range of electronic devices, including Bluetooth earphones, clothes dryers, and electric scooters. The change, set to take effect in [...]
SEOUL, Sept. 25 (Korea Bizwire) – As the South Korean government moves to address medical shortages by allowing foreign-licensed doctors to practice, new data reveals that only 54.5% of foreign medical school graduates passed a key qualifying exam, raising concerns about the quality of care such a policy might introduce. The preliminary examination for medical licenses, [...]
SEOUL, Sept. 19 (Korea Bizwire) – Police will invest 9.1 billion won (US$6.8 million) over the next three years to develop technology for detecting deepfake, voice cloning and other fabricated content, the police agency said Thursday. The National Police Agency announced the investment as part of its budget plan for next year, which totals 13.54 [...]
SEOUL, Sept.17 (Korea Bizwire) – The National Police Agency of South Korea has closed over 200 police substations (police box or police stand) since announcing a nationwide closure plan last October, according to recent data. The closures, which have disproportionately affected Seoul, reflect an apparent sensitivity to concerns about potential security gaps in certain areas. Representative [...]
SEOUL, Sept. 12 (Korea Bizwire) – A new enforcement decree will go into effect next week, permitting firms to collect personal information necessary for service provision without users’ consent, officials said Thursday. The Personal Information Protection Commission said a new enforcement decree on personal data protection will take effect starting Sunday. Currently, online businesses are [...]
SEOUL, Sept. 11 (Korea Bizwire) – The financial regulator said Wednesday it will work to strengthen punishment for illegal money lending businesses and nullify their very contracts that are deemed antisocial. The move follows a recent spike in the number of complaints against loan sharks, which jumped from 10,350 in 2022 to 12,884 last year, [...]
SEOUL, Sept. 11 (Korea Bizwire) – The Seoul Metropolitan Government announced on September 10 that it will extend its Neighborhood Pet Care Center service to single-person households, broadening support for pet owners who need to leave their animals for extended periods. This initiative, coming just before the Chuseok holiday, widens the eligibility criteria from the previous [...]