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[South Korea] new crop of young people seek to realize their dreams in farming

[South Korea] new crop of young people seek to realize their dreams in farming

While most young jobseekers in South Korea unusually struggle to find well-paying positions at big name companies, such as Samsung, Jeong Kang-seok took a different approach upon graduating from college. The 25-year-old man, instead of sending out resumes, wanted to stay clear of city life and opted to sow seeds on his own farm. “What […]

Seoul to complete privatization of Woori Financial by 2022

Seoul to complete privatization of Woori Financial by 2022

The government plans to sell its remaining stake in Woori Financial Holdings Co. by 2022, in a bid to recoup taxpayers’ money that was used to bail out the financial holding firm in the wake of the financial crisis in 1997, the financial regulator said Tuesday. In a statement, the Financial Services Commission (FSC) said […]

Gender equality may lead to economic growth: vice gender equality minister

Gender equality may lead to economic growth: vice gender equality minister

Increasing gender equality in the workplace will give the South Korean economy additional momentum to grow further, the vice minister of gender equality and family said Monday. “Gender diversity in the labor market will help a country or a company enhance flexibility in adapting to changing society and demand, upgrade their policy-making process and expand […]

2 Russian bombers enter S. Korea’s air defense zone

2 Russian bombers enter S. Korea’s air defense zone

Two Russian military aircraft violated South Korea’s air defense identification zone (KADIZ) on Thursday, prompting the Air Force to scramble fighter jets in response, a military source here said. The Tu-95 bombers entered the KADIZ without prior notice above the East Sea once at around 3:37 a.m. and stayed in the zone for about 29 […]

South Korea: over 700 cases of workplace sexual harassment reported in 1 year

South Korea: over 700 cases of workplace sexual harassment reported in 1 year

Workplace sexual harassment is still prevalent in Korea despite measures to increase awareness of sexual crimes and the #MeToo movement, with insufficient measures to properly discipline the offenders, according to recent government data. The Ministry of Employment and Labor said Thursday it had received 717 reports of sexual harassment at workplaces in the one year since […]

In graying S. Korea, retirees delay receiving public pension

In graying S. Korea, retirees delay receiving public pension

At 62, Kim Byung-jong reached public pension age last month. Instead of automatically taking the state pension, Kim, a retired car salesman, asked the National Pension Service (NPS), the operator of South Korea’s state pension fund, to defer his pension for five years. The reason? Delaying his pension will increase the amount Kim would get […]

S. Korea, China hold economic cooperation talks amid U.S. campaign against Huawei

S. Korea, China hold economic cooperation talks amid U.S. campaign against Huawei

South Korea and China held their annual vice-ministerial economic cooperation talks Wednesday amid a U.S. campaign to push allies to shun Chinese telecom giant Huawei Technologies Co. Vice Foreign Minister Lee Tae-ho and officials from other related ministries met with a Chinese delegation headed by Beijing’s Assistant Minister of Commerce Li Chenggang at the 23rd […]

S. Korea aims to re-eradicate malaria by 2021

S. Korea aims to re-eradicate malaria by 2021

South Korea aims to re-eradicate malaria by 2021 and win international confirmation as a country free from mosquito-borne infectious disease, the Korea Centers for Disease Control and Prevention (KCDC) said Monday. Under the five-year plan, Seoul aims to bring down domestic malaria cases to zero by the target date and maintain this for three straight […]

Cheong Wa Dae says inter-Korean summit is not a must before G-20

Cheong Wa Dae says inter-Korean summit is not a must before G-20

South Korea’s presidential office publicly toned down its expectations for another inter-Korean summit Tuesday, a day after Beijing and Pyongyang announced this week’s bilateral summit. Attending the Oslo Forum in the Norwegian capital last week, President Moon Jae-in expressed his desire to meet again with North Korean leader Kim Jong-un before U.S. President Donald Trump […]

Economic uncertainty prompts rush to safe assets

Economic uncertainty prompts rush to safe assets

Uncertainties stemming from the escalating U.S.-China trade dispute and a slowdown in Asia’s fourth-largest economy are changing the way investors here behave, with many apparently rushing to buy what they believe to be safer assets, such as bonds, gold and houses, data showed Monday. Bond prices have skyrocketed to multi-year highs and gold prices have […]

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