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Sat, September 23, 2023 | 20:24
Diverse scenarios considered to develop North Korea's economy
With the historic first summit between North Korean leader Kim Jong-un and U.S. President Donald Trump adding to a peaceful mood on the peninsula, diverse scenarios are being considered to help North Korea develop its economy.
IKEA, Daiso may face mandatory regular closures
Large-scale specialty stores such as IKEA and Daiso may be subject to mandatory regular closings every two weeks as the government is set to study the validity of such a regulation.
Ministries preparing for inter-Korean cooperation
With the historic summit between North Korean leader Kim Jong-un and U.S. President Donald Trump adding to expectation that the inter-Korean economic cooperation will gain momentum, government ministries are preparing for further progress.
Self-employed excluded in Moon's 'income-led' growth policies
While the administration expects salaried workers to benefit from its income-led growth policies, it seems to be overlooking others, such as the self-employed, in its policy priorities.
Regulations hampering innovation in Korea
While innovative growth is one of the main strategies of the current administration, regulation is continuing stifling innovative efforts. It is especially poor in labor regulation, being rated as one of the worst performers in the world, a report showed Sunday.
Finance minister works hard to regain status
Strategy and Finance Minister Kim Dong-yeon is throwing his backing behind innovation policies, one of the major economic strategies of the current administration along with income-led growth. The minister, who is celebrating one year in office, has recently protested Cheong Wa Dae's steep wage hikes, but now is expected to concentrate on deregulation and support for start-up...
KHNP CEO vows to lead nuclear exports
The Korea Hydro & Nuclear Power Corp. (KHNP) chief said that the firm is seeking to take the lead in exports of nuclear reactors. The company will also seek transformation into a comprehensive energy firm by expanding its business to renewable energy and consulting services.
Transport Ministry in dilemma over Jin Air license
The Ministry of Land, Infrastructure and Transport is in a dilemma over Jin Air. There is enough reason for the ministry to cancel Jin Air's license as a budget carrier, but the decision could hurt the administration's job policy as well as lead to punishment of the ministry officials.
Gov't monitoring soaring land prices near DMZ
The government is strengthening its monitoring of land transactions along the border with North Korea, as speculative investment is overheating the real estate market following signs of reconciliation between the two Koreas.
Bus, taxi firms scrambling to cope with shorter work hours
The adoption of shorter work hours scheduled to be put in place in July is putting the transport industry in a dilemma. While it could enhance safety by improving working conditions, both bus companies and drivers seem concerned.