SEJONG, Dec. 30 (Korea Bizwire) — South Korea’s economy has entered uncharted waters as Deputy Prime Minister Choi Sang-mok assumes the role of acting president following the impeachment of Prime Minister Han Duck-soo, who had been serving as acting president. The markets, which had barely weathered the shock of the December 3 martial law declaration by [...]
SEOUL, Dec. 30 (Korea Bizwire) — The Korean historical drama “Harbin” has claimed the top spot at the box office during its opening weekend, drawing more than 2 million moviegoers. The film attracted an additional 903,000 viewers from Friday to Sunday, bringing its cumulative total to 2.39 million admissions, according to data from the Korean [...]
JEONJU, South Korea, Dec. 30 (Korea Bizwire) — The North Jeolla provincial government said Monday it will set up a joint memorial altar for the victims of this week’s Jeju Air plane crash that killed 179 people. The altar will be set up at 2 p.m. inside the provincial government’s office building in Jeonju, some [...]
SEOUL, Dec. 30 (Korea Bizwire) — As the won-dollar exchange rate soars to nearly 1,500 won, small and medium-sized enterprises (SMEs) in South Korea are grappling with mounting challenges, including volatile currency markets and the looming enforcement of stricter labor regulations. The steep rise in the exchange rate—up from the 1,300-won range earlier this year—has [...]
SEOUL, Dec. 30 (Korea Bizwire) — Ulsan HD FC goalkeeper Jo Hyeon-woo, the MVP of the 2024 K League 1 season, was also the highest-paid South Korean player in the league this year, data showed Monday. The Korea Professional Football League released salary figures for clubs and individual players Monday, including bonuses paid out for wins, [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korean companies are poised to showcase their advanced artificial intelligence technologies at CES 2025, the world’s largest consumer electronics and IT trade show, scheduled to open in Las Vegas next week. Not only will major home appliance companies like Samsung Electronics Co. and LG Electronics Inc. participate, but [...]
SEOUL, Dec. 30 (Korea Bizwire) — North Korean leader Kim Jong-un has visited a newly completed fish farm in the east coastal city of Sinpho and called for regional development to achieve regional economic self-reliance, state media reported Monday. Kim attended the inauguration ceremony of the Sinpho City Offshore Farm on Saturday, after he ordered [...]
SEOUL, Dec. 30 (Korea Bizwire) — FC Seoul announced their signing of longtime national team defender Kim Jin-su on Monday. FC Seoul said they will look to the 32-year-old left fullback to push the club to the next level in 2025, after a successful 2024 campaign. In 2024, FC Seoul finished in fourth place with [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korean stock markets have shed more than 250 trillion won in market capitalization this year, standing in stark contrast to the record-setting rallies seen in other major global markets. According to the Korea Exchange, as of December 27, the main KOSPI market’s capitalization stood at 1,966.96 trillion won, while [...]
SEOUL, Dec. 30 (Korea Bizwire) — A joint investigation team said Monday it has sought an arrest warrant for President Yoon Suk Yeol over his short-lived imposition of martial law, making him the first sitting president to face arrest. The team said it sought the warrant on insurrection and abuse of power charges after Yoon [...]