Most Popular
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‘Gimflation’ in S. Korea as dried seaweed prices grow on rising global demand
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S. Korea's gender pay gap worst in OECD
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Yoon to resume diplomatic activity via 3-way summit with Japan, China
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South Korea unveils W26tr support program for chip industry
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SM, YG Entertainment’s K-pop groups benefit from troubles at Hybe
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S. Korea to hold rotating presidency of UN Security Council next month
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Student nabbed for biking naked 'due to stress'
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Yoon rejects Lee's proposal for pension reform talks
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Police arrest mastermind behind last year's palace vandalism
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BOK holds rate at 3.5%, ups growth outlook
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Foreigners also subjected to new antigraft rules from Sept. 28
[THE INVESTOR] Foreign nationals working in South Korea will also be subjected to the new antigraft laws, the Anti-Corruption and Civil Rights Commission said on July 22. The new law, which will take effect on Sept. 28, prohibits journalists, teachers, civil servants and others in position to exert influence in their professional capacities from receiving gifts and meals over a certain value. 123rfThe cost of a meal per person is set at 30,000 won (US$ 26), the value of gifts at 50,000 won, and
July 22, 2016
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Main opposition links supplementary budget bill to free child care
[THE INVESTOR] The main opposition Minjoo Party of Korea on July 22 said that it will oppose the supplementary budget bill without a solution for subsidizing a free child care program. “(The party) has requested the government to provide answers regarding how the Nuri Program budget will be included next year,” Rep. Park Wan-joo, the deputy floor leader of Minjoo Party, said. The Nuri Program is a free child care program for children aged between three and five. “An agreement on this (Nuri Progr
July 22, 2016
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Korean Cabinet OKs W11tr supplementary budget
[THE INVESTOR] The Cabinet on July 22 approved an 11 trillion won (US$9.7 billion) supplementary budget to fund the government’s economic stimulus measures. Along with the supplementary budget, the government plans to increase investment and spending by state-run companies and financial institutions to roll out economic stimulus measures to the scale of 28 trillion won. The supplementary budget will be submitted to the National Assembly on July 26. The bill will then be reviewed by concerned co
July 22, 2016