DONGDUCHEON, Nov. 20 (Korea Bizwire) – A derelict apartment complex that stood as a stark reminder of U.S. military presence for over two decades is getting a new lease on life as a cultural center in Dongducheon, a city north of Seoul. The city announced on November 19 that it will open a new Multi-Cultural Community [...]
SEOUL, Nov. 20 (Korea Bizwire) — Samsung Biologics Co. said Wednesday it has won two new contract manufacturing deals with a combined value of 930.4 billion won (US$667.7 million) from a Europe-based biopharmaceutical firm. The deals, set to last until the end of 2031, are valued at 752.4 billion won and 178 billion won, respectively, [...]
SEOUL, Nov. 20 (Korea Bizwire) — The Navy will receive a new 8,200-ton destroyer armed with an advanced missile interception platform next week, officials said Wednesday, in a move expected to help bolster the military’s air defense capabilities against North Korean missiles. The Navy will receive the Jeongjo the Great destroyer, named after a visionary [...]
SEOUL, Nov. 20 (Korea Bizwire) — The Ministry of Employment and Labor on Wednesday dismissed claims of workplace harassment against a member of K-pop girl group NewJeans, saying she cannot be regarded as a worker under the labor law. NewJeans fans filed a petition with the labor ministry in mid-September, alleging that Hanni Pham, a [...]
ULSAN, Nov. 20 (Korea Bizwire) — Police and forensic agency authorities plan to conduct a joint investigation Wednesday into the cause of an accident that left three people dead at a Hyundai Motor Co. plant in the southeastern city of Ulsan. On Tuesday, three researchers — two Hyundai employees and one affiliated with a subcontractor [...]
SEOUL, Nov. 20 (Korea Bizwire) — South Korea’s lead in their group for the Asian World Cup qualifiers has been cut from five points to three points, following the final set of matches for 2024, held Tuesday night across the Middle East. In the first of three Group B matches Tuesday in the third round [...]
SEOUL, Nov. 20 (Korea Bizwire) — An International Monetary Fund (IMF) team said Wednesday that South Korea’s economy is forecast to grow 2 percent next year, citing downside risks including a slowdown in trade and heightened geopolitical tensions. The latest forecast by the IMF team marked a 0.2 percentage-point drop from an earlier projection presented [...]
SEOUL, Nov. 20 (Korea Bizwire) — Back-to-back protests by railway and subway workers disrupted subway services in the capital area on Wednesday, with commuters complaining of delays during the morning rush hour. The Korean Railway Workers’ Union’s work-to-rule protest continued for the third day, causing eight trains on subway lines 1, 3 and 4 and [...]
SEOUL, Nov. 20 (Korea Bizwire) — South Korea added more than 254,000 wageworker jobs in the second quarter of this year, but the number grew at a slower pace, while the number of job openings for young people continued to fall for nearly two years, data showed Wednesday. The number of paid employee jobs came [...]
WANDO, Nov. 20 (Korea Bizwire) – A delegation from the Australian Sustainable Seaweed Alliance (ASSA) recently visited Wando, South Korea’s leading seaweed production region, signaling growing international interest in the Asian nation’s marine farming expertise. The 15-member delegation, led by ASSA representative Jo Kelly, toured seaweed farms, processing facilities, and the Marine Bio Research Center in [...]