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Stricter Sentencing Guidelines for Animal Abuse, Sexual Crimes, and Fraud Set for July in South Korea

SEOUL, March 26 (Korea Bizwire) — South Korea’s Supreme Court Sentencing Commission announced on Tuesday new sentencing guidelines aimed at strengthening penalties for animal abuse, sexual offenses, large-scale fraud, and violations of electronic financial transaction laws. The updated guidelines, finalized during the commission’s 137th meeting on March 24, 2025, will apply to crimes prosecuted from [...]

South Koreans Cite Political Division as Top Social Conflict, Loneliness on the Rise

SEOUL, March 26 (Korea Bizwire) — Political polarization remains the most pressing social conflict in South Korea, according to the 2024 Korean Social Indicators report released by Statistics Korea on Tuesday. The report, reflecting data from the previous year, highlights growing concerns over social isolation and widening disparities, alongside shifts in education, housing, and health [...]

S. Korea Maintain 3-pt Lead in World Cup Qualifiers, on Verge of Clinching Spot

SEOUL, March 26 (Korea Bizwire) — South Korea maintained a three-point lead in their group in the Asian World Cup qualifiers thanks to an unexpected result in the wee hours of Wednesday. South Korea, world No. 23, only eked out a 1-1 draw against 64th-ranked Jordan on Tuesday at home in their latest Group B [...]

‘When Life Gives You Tangerines,’ ‘Revelations’ Top Netflix Non-English Charts

SEOUL, March 26 (Korea Bizwire) — Two Korean original works on Netflix topped the global weekly charts, the streaming platform said Wednesday. “When Life Gives You Tangerines” claimed the No. 1 spot on the non-English series chart for the week ending Sunday, garnering 5.5 million views. The nostalgic drama spans over 60 years in the [...]

KITA, Ukrainian Business Chamber Host Reconstruction Forum to Boost Postwar Cooperation

SEOUL, March 26 (Korea Bizwire) — The Korea International Trade Association (KITA) said Wednesday it has hosted a forum themed on the reconstruction of Ukraine with business representatives from the Eastern European nation to strengthen bilateral ties in Kyiv’s postwar rebuilding efforts. The event was held Tuesday in Seoul in conjunction with a visit by [...]

LG Energy Wins ESS Battery Supply Deal in Taiwan

SEOUL, March 26 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Wednesday it has signed a five-year deal with a Taiwanese company to supply batteries for residential energy storage systems (ESSs) in the United States. LGES will provide Delta Electronics, Inc. with lithium iron phosphate (LFP) batteries for the [...]

Arms Agency Upgrades Black Hawk Helicopter Simulators

SEOUL, March 26 (Korea Bizwire) — The state arms procurement agency said Wednesday it has completed a project to upgrade simulators for the Army’s UH-60 Black Hawk helicopters as part of efforts to better train pilots. The military has sought upgrades to the aging simulators deployed in 2000 and 2008 that have suffered performance issues [...]

Navy Holds Remembrance Ceremony for Fallen Sailors of 2010 Warship Sinking by N. Korea

SEOUL, March 26 (Korea Bizwire) – The Navy held a ceremony Wednesday to honor sailors killed during the 2010 sinking of the Cheonan corvette by a North Korean attack in the Yellow Sea. The 1,200-ton warship sank near the western Northern Limit Line, a de facto inter-Korean maritime border, in March 2010, after a North [...]

S. Korea to Provide ‘All-out’ Support to Export Firms amid Global Trade Uncertainties: Ministry

SEOUL, March 26 (Korea Bizwire) – The government will join hands with export-related agencies to provide “all-out” support to South Korean companies in export business, the industry ministry said Wednesday. The Ministry of Trade, Industry and Energy held a joint conference in Seoul with various export-related agencies, including the Korea Customs Service, the Korean Intellectual [...]

Watchdog Chief Urges MBK Partners to Share ‘Pain’ over Homeplus Fiasco

SEOUL, March 26 (Korea Bizwire) – The chief of the country’s financial watchdog called on private equity firm MBK Partners Ltd. to be more responsible for the recent Homeplus fiasco Wednesday. Since last week, the Financial Supervisory Service (FSS) has been inspecting MBK Partners to look into whether there have been any flaws in the [...]