SEOUL, Jan. 14 (Korea Bizwire) — South Korea has kicked off the development of a new homegrown missile system designed to intercept targets at higher altitudes, the state arms procurement agency said Tuesday, as the country seeks to bolster its air defense capabilities against North Korean threats. A meeting to discuss the development of the [...]
SEOUL, Jan. 14 (Korea Bizwire) — The surge in shareholder proposals at South Korean companies over the past five years is showing signs of stabilization in 2025 as corporations adopt proactive measures to address investor demands, according to a recent report. The Ajou Corporate Management Research Institute’s newly released “2025 Annual General Meeting Preview” reveals [...]
SEOUL, Jan. 14 (Korea Bizwire) – North Korea ranked as the 34th strongest in military firepower globally, while South Korea came in fifth, a global firepower index showed Tuesday. The numbers were released in the 2025 Military Strength Ranking, compiled by Global Firepower (GFP), which assesses the “potential war-making capability” of 145 nations by conventional [...]
SEOUL, Jan. 14 (Korea Bizwire) — Samsung Electronics is set to launch “Galaxy Easy Trade-in” (unofficial translation), a new buyback program for used smartphones, on its Samsung.com platform starting January 14. According to Samsung, customers looking to sell their used Galaxy smartphones can visit the Galaxy Easy Trade-in page on Samsung.com beginning January 14 to receive [...]
SEOUL, Jan. 14 (Korea Bizwire) — The government on Tuesday designated Jan. 27 as a temporary holiday in an effort to stimulate private consumption and promote domestic tourism ahead of the Lunar New Year. The motion was approved in a Cabinet meeting, resulting in an extended six-day holiday period from Jan. 25 to Jan. 30, [...]
SEOUL, Jan. 14 (Korea Bizwire) — Koo Ja-cheol, captain for South Korea at the 2014 FIFA World Cup, announced his retirement from football Tuesday, with a second career with his former K League 1 club awaiting him. Koo, who turns 36 next month, will work as a youth development adviser for Jeju SK FC, the [...]
BUSAN, Jan. 14 (Korea Bizwire) — Busan Mayor Park Heong-joon has received an official invitation to the inauguration ceremony of U.S. President-elect Donald Trump, slated for Jan. 20, and he is carefully considering whether to fly to Washington, D.C., city officials said Tuesday. Park has become the first mayor of Busan to be invited to [...]
EBC Financial Group earns high ratings across key areas, including a perfect 5.0 for deposit and withdrawal, and is committed to continuous improvement and innovation LONDON, Jan. 13 (Korea Bizwire) — EBC Financial Group (EBC), a leading global brokerage, has been recognised in FXEmpire’s 2025 review, earning recognition in four key categories: Best FCA-regulated Broker [...]
SEOUL, Jan. 14 (Korea Bizwire) — The Constitutional Court is set to hold the first formal hearing of President Yoon Suk Yeol’s impeachment trial Tuesday with Yoon absent from the proceedings out of safety concerns. The hearing is scheduled for 2 p.m. and will be held exactly a month after the National Assembly voted to [...]
SEOUL, Jan. 14 (Korea Bizwire) — A collective album of artists managed by SM Entertainment will be released next month to commemorate the 30th founding anniversary of the K-pop agency, the company said Tuesday. The album, titled “2025 SMTown: The Culture, The Future,” will drop on Feb. 14. It will be the first collective album [...]