SEOUL, Dec. 20 (Korea Bizwire) – Amid growing concerns over domestic consumption following the December 3 martial law crisis, small business owners and self-employed workers are reporting devastating impacts on what should be their peak season for sales. A post titled “December Sales Have Gone Crazy Due to National Crisis” appeared on December 18 in an [...]
SEOUL, Dec. 20 (Korea Bizwire) — The assassination of Ito Hirobumi, Japan’s first prime minister and resident-general of Korea, by the iconic Korean independence activist Ahn Jung-geun in 1909 is a historical moment familiar to most Koreans. The period drama film “Harbin” infuses this event with cinematic imagination, transforming it into a spy thriller. Set [...]
SEOUL, Dec. 20 (Korea Bizwire) – South Korea’s Supreme Court ruled on December 19 that conditional regular bonuses, tied to employment status or minimum workdays, must be included in the calculation of ordinary wages. This landmark decision overturns a 2013 precedent that required bonuses to meet strict “fixed” payment criteria to qualify, sparking significant debate [...]
SEOUL, Dec. 20 (Korea Bizwire) — Acting President Han Duck-soo said Friday that South Korea is ensuring no gaps in its security amid the ongoing impeachment turmoil by maintaining a watertight readiness posture with its ally the United States. Han made the remark during a meeting of senior government and ruling party officials, which was [...]
SEOUL, Dec. 20 (Korea Bizwire) — A Seoul court on Friday sentenced a medical school student to 26 years in prison on charges of murdering his girlfriend for allegedly breaking up with him. The 25-year-old, surnamed Choi, who attended a medical school in Seoul, was indicted with physical detention for stabbing his girlfriend to death [...]
SEOUL, Dec. 20 (Korea Bizwire) — The average commuting time for South Korean workers is over 70 minutes per day, but those in the wider Seoul area need to spend nearly 10 more minutes each day to commute, the statistics agency said Friday. The national average commuting time came to 73.9 minutes in 2024, while [...]
WASHINGTON, Dec. 19 (Korea Bizwire) — Hackers linked to North Korea stole more than US$1.3 billion from crypto platforms this year, marking the largest ever annual amount that they have raked in from hacking activities, a report from a blockchain analysis firm showed Thursday. Chainalysis released its analysis on North Korea-affiliated hackers’ activities, saying that [...]
SEOUL, Dec. 20 (Korea Bizwire) – A drillship participating in a major resource exploration project in the East Sea began its first drilling operation early Friday, the state-run oil company said, marking the full-fledged start of the search for an estimated 3.5 billion to 14 billion barrels of oil and gas. The announcement followed the [...]
SEOUL, Dec. 20 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Friday its U.S. unit has signed a multi-year deal to supply energy storage systems (ESS) to a local renewable energy infrastructure investor. LG Energy Solution Vertech, Inc. will supply 7.5-gigawatt-hour (GWh) ESS units to Excelsior Energy Capital LP [...]
SEOUL, Dec. 20 (Korea Bizwire) — A joint law enforcement team investigating the martial law case said Friday it has requested impeached President Yoon Suk Yeol appear for questioning next week over his involvement in the botched martial law imposition. The team sent the summons to Yoon to appear for questioning at the Corruption Investigation [...]