Search result for SOUTH KOREA GOVERNMENT
S. KOREA TO PROVIDE $8,970 FOR PEOPLE WITH COVID-19 VACCINE SIDE EFFECTS
Highlights –
- S. Korea to provide $8,970 for people with COVID-19 vaccine side effects.
- A causal link between a COVID-19 vaccine injection and side effects needs to be proven for the payout.
- The expanded medical expense coverage is sai...
S. KOREAN GOVT. TO INTRODUCE NEW COVID-19 SOCIAL DISTANCING RULES
Highlights –
- S. Korean govt. to introduce new COVID-19 social distancing rules.
- The new guidelines will be implemented in July if the country records less than 1,000 cases a day.
- S. Korean health authorities aim to vaccinate 12 millio...
S. KOREA TO REVISE LAWS ON USE OF SURNAMES OF CHILDREN
Highlights –
- S. Korea to revise laws on use of surnames of children.
- The country plans to revise such laws to embrace diverse forms of families.
- The Cabinet approved the ministry’s 2021-2025 plan to form the basis of its family-...
S. KOREAN PRESIDENT ASKS NOT TO “POLITICIZE” COVID-19 VACCINE ISSUE
Highlights –
- S. Korean President asks not to “politicize” COVID-19 vaccine issue.
- So far around 2.2 million, South Koreans have received coronavirus vaccine shots.
- The govt. announced a contract with Pfizer to purchas...
S. KOREAN GOVT. PLANS TO MONITOR ILLEGAL CRYPTOCURRENCY ACTIVITIES
Highlights –
- S. Korean govt. plans to monitor illegal cryptocurrency activities.
- S. Korea is concerned with speculative investments and potential illegal activities through cyrptocurrency.
- The country’s finance ministry, FSC, an...
S. KOREA TO DEVELOP A RESPONSE SYSTEM AGAINST ILLEGAL DRONES
Highlights –
- S. Korea to develop a response system against illegal drones.
- The govt. plans to invest $37.6 million to develop the system.
- A response system that spots and neutralizes the illegal unmanned aircraft is said to be built.<...
OECD SHOWS S. KOREA’S ODA TO HAVE FALLEN BY 8.7% IN 2020
Highlights –
- OECD shows S. Korea’s ODA to have fallen by 8.7% in 2020.
- S. Korea’s ODA for foreign countries dell to $2.25 billion in 2020 due to the pandemic.
- The country’s overall ranking among DAC members in terms ...
S. KOREA REPORTS INCREASE IN NUMBER OF EMPLOYED PEOPLE IN MARCH
Highlights –
- S. Korea reports increase in number of employed people in March.
- The country saw numbers of employed people reach 26.9 million.
- The unemployment rate also rose 0.1% point on-year to 4.3 percent last month.
- Temp...
S. KOREA TO INCREASE FINANCIAL SUPPORT FOR GREEN PROJECTS TO 13%
Highlights –
- S. Korea to increase financial support for green projects to 13%.
- S. Korea is planning to review the establishment of a climate response fund this year.
- S. Korea aims to achieve the goal of going carbon neutral by 2050.
MOON JAE IN TO HOLD A MEETING TO DISCUSS THE COUNTRY’S ECONOMY
Highlights –
- Moon Jae In to hold a meeting to discuss the country’s economy.
- The Blue House is said to have also invited several South Korean business leaders.
- Finance Minister Hong Nam-ki, Industry Minister Sung Yun-mo is to at...
FINANCE MINISTRY OF S. KOREA TO REMOVE TARIFF ON FEW IMPORTED GRAINS
Highlights –
- Finance Ministry of S. Korea to remove tariff on few imported grains.
- S. Korea will import edible corm and some grains without tariff until the end of the year.
- The country currently levies a 3 percent tariff duty on impo...
SK HYNIX’S PROJECT TO BUILD NEW SEMICONDUCTOR COMPLEX APPROVED
Highlights –
- SK Hynix’s project to build new semiconductor complex approved.
- The project is said to be of $106 billion and is a move to ease supply shortages.
- The company has completed all the necessary administrative procedures...
S. KOREA’S HOME TRANSACTION SANK 25 PERCENT IN FEBRUARY 2021
Highlights –
- S. Korea’s home transaction sank 25 percent in February 2021.
- The number of home transactions in Seoul metropolitan area was 47,433 in February.
- In remaining parts of the country home transactions came to 39,588 in ...
MIGRANTS' TRADE UNION ASKS S. KOREAN GOVT. TO IMPROVE WORKING CONDITIONS
Highlights –
- Migrants' Trade Union asks S. Korean govt. to improve working conditions.
- Foreigners are now allowed to land jobs of sorting and loading parcels.
- The Ministry of Justice has preannounced a revision of an enforcement d...
S. KOREA’S EXPORTS OF MEDICAL PRODUCTS ROSE TO $4.67 BILLION IN 2020
Highlights –
- S. Korea’s exports of medical products rose to $4.67 billion in 2020.
- Exports to the EU saw a significant rise on-year in 2020.
- South Korean trade and medical officials vowed with EU counterparts to make joint effor...
S. KOREA TO BOOST CIVIL-MILITARY TIES IN 2021 BY INVESTING $182 MILLION
Highlights –
- S. Korea to boost civil-military ties in 2021 by investing $182 million.
- The South Korean government plans to carry out more than 200 projects centered around state-of-the-art technologies.
- The government increased the bu...
NUMBER OF S. KOREAN’S GETTING MARRIED FELL TO AN ALL-TIME LOW IN 2020
Highlights –
- Number of S. Korean’s getting married fell to an all-time low in 2020.
- The number of couples getting married fell by 10.7 percent in 2020.
- Due to difficulties in finding jobs or buying homes many are refraining from...
KOREA LH OFFICIALS TO BE SUMMONED FOR ALLEGATIONS OF LAND SPECULATIONS
Highlights –
- Korea LH officials to be summoned for allegations of land speculations.
- Around 20 employees of Korea LH are currently under investigation.
- LH employees are said to have used insider information to purchase land in two cit...
FOREIGN DIRECT INVESTMENT IN SEOUL RECORDS $10.2 BILLION IN 2020
Highlights –
- Foreign Direct Investment in Seoul records $10.2 billion in 2020.
- Seoul continued to maintain an upward trend in FDI since 2017.
- South Korea’s overall FDI however fell11 percent.
- Seoul saw an increase in ...
S. KOREAN GOVT. ANNOUNCES TO MAKE EFFORTS TO CREATE MORE JOBS BY 2025
Highlights –
- S. Korean govt. announces to make efforts to create more jobs by 2025.
- The country’s finance minister Hong Nam Ki revealed a road map on developing the service industry.
- The ministry plans to resume the distribution...