SEOUL, Jan. 20 (Korea Bizwire) — South Korea on Monday officially began the development of a homegrown interceptor system akin to Israel’s Iron Dome to bolster its defense against North Korean artillery threats, the state arms procurement agency said. The government plans to spend 479.8 billion won (US$329 million) through 2028 to develop the Low-Altitude [...]
SEOUL, Jan. 20 (Korea Bizwire) — The oceans ministry said Monday it will spare no effort to successfully prepare for a global maritime conference scheduled to be held in the country this April, providing a venue for countries and civic societies to discuss the future of the sector. The 10th Our Ocean Conference (OOC) will [...]
SEOUL, Jan. 20 (Korea Bizwire) — North Korean leader Kim Jong-un has encouraged and expressed gratitude to troops deployed to fight for Russia in its war against Ukraine, in what appeared to be his New Year’s message sent to them, according to a news report. The Washington Post on Sunday (local time) published a report [...]
SEOUL, Jan. 20 (Korea Bizwire) — North Korean leader Kim Jong-un’s powerful sister issued a rare statement on her country’s stance on a summit meeting with Belarus on Monday, marking her first media remarks in about two months. Kim Yo-jong, vice department director of the Workers’ Party of Korea’s Central Committee, clarified a recent report [...]
SEOUL, Jan. 20 (Korea Bizwire) — The Bank of Korea (BOK) said Monday its outlook for South Korea’s economic growth this year may be lowered to as low as 1.6 percent due to a political crisis sparked by suspended President Yoon Suk Yeol and weak domestic demand. The BOK had presented 1.9 percent growth outlook [...]
SEOUL, Jan. 20 (Korea Bizwire) — The Hanwha Eagles announced Monday their brand new stadium will be called “Daejeon Hanwha Life Ballpark.” The venue will replace Hanwha Life Eagles Park in Daejeon, some 140 kilometers south of Seoul. The previous park had been the oldest stadium in the Korea Baseball Organization (KBO), having been built [...]
SEOUL, Jan. 20 (Korea Bizwire) – Director Bong Joon-ho, known for his Oscar-winning film “Parasite,” described his Hollywood debut, “Mickey 17,” as a new type of sci-fi film that “feels deeply human” during a press conference in Seoul on Monday. The film, based on American writer Edward Ashton’s novel “Mickey7,” tells the story of a cloned [...]
Universiti Teknologi MARA (UiTM) to support learners through access to McGraw Hill’s adaptive learning platform SHAH ALAM, Malaysia, Jan. 19 (Korea Bizwire) – McGraw Hill today announced that the largest higher education institution in Malaysia, Universiti Teknologi MARA (UiTM), intends to expand its use of McGraw Hill’s state-of-the-art digital content for its over 35,000 learners. The new agreement [...]
SEJONG, Jan. 20 (Korea Bizwire) — With Donald Trump’s inauguration as U.S. president on January 20, 2025, South Korea’s competition policy faces heightened uncertainty due to his administration’s protectionist agenda and potential pushback against regulatory moves targeting Big Tech firms. U.S. Resistance to South Korean Platform Regulation South Korea’s proposed legislative reforms aimed at curbing [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s universities face mounting financial challenges as the number of incoming students declines and dropout rates rise. Many institutions, particularly private universities in Seoul, are debating strategies to address the crisis, including tuition hikes and increased reliance on government funding. According to data released on Sunday by the [...]