SEOUL, March 19 (Korea Bizwire) – Police will deploy about 14,000 riot police officers in Seoul on the day of President Yoon Suk Yeol’s impeachment ruling by the Constitutional Court to respond to possible social unrest, police officials said Wednesday. The number represents 60 percent of all available riot control forces to be mobilized nationwide [...]
SEOUL, March 19 (Korea Bizwire) — South Korea’s box office saw sluggish performance last month, with ticket sales and attendance declining sharply year-on-year, data showed Wednesday. According to the Korean Film Council, total cinema attendance dropped 52.2 percent on-year to 5.47 million, while sales plummeted more than 60 percent to 26.3 billion won (US$18.1 million), [...]
SEOUL, March 19 (Korea Bizwire) — The government on Wednesday pre-announced the revision of tax laws aimed at replacing the decades-old estate tax system with an inheritance tax to ease tax burdens on beneficiaries, the finance ministry said. Under the proposed revision, South Korea will push to revise the inheritance tax and gift tax act,as [...]
SEOUL, March 19 (Korea Bizwire) — Jimin’s solo track “Who” has set a new record as the longest-running K-pop song on the Billboard Hot 100, surpassing “Dynamite” by his own group BTS. According to the latest chart released Tuesday (U.S. time), “Who” jumped 12 spots to reach No. 29, marking its 33rd consecutive week on [...]
SEOUL, March 19 (Korea Bizwire) — The South Korean baseball league announced Wednesday it set a new attendance record in the preseason this month, the latest sign of the sport’s massive popularity. The Korea Baseball Organization (KBO) said the 42 preseason games, played from March 8 to Tuesday, drew 321,763 fans, for a record 7,661 [...]
SEOUL, March 19 (Korea Bizwire) — The Seoul city government on Wednesday said it will temporarily adopt the “land transaction permission system” in four affluent districts of the capital to help stabilize the real estate market, less than five weeks after it lifted the same regulation in two of those districts. The government has designated [...]
SEOUL, March 19 (Korea Bizwire) — SK hynix Inc. said Wednesday it has shipped samples of the next-generation high bandwidth memory (HBM), 12-layer HBM4, to its major customers for the first time in the world. “The samples were delivered ahead of schedule based on SK hynix’s technological edge and production experience that have led [...]
SEOUL, March 19 (Korea Bizwire) — The government will work to expand employment services to help young adults find jobs, the acting president said Wednesday, amid tough job market conditions for youths. Acting President Choi Sang-mok made the remarks in an opening speech for the 2025 Korea Job Fair, which kicked off in Seoul for [...]
SEOUL, March 19 (Korea Bizwire) — KT Corp., South Korea’s leading telecommunications company, announced on Tuesday that it will become the nation’s first telecom provider to adopt eco-friendly bobbins for its fiber optic cables starting in April. Bobbins, the cylindrical structures used to store and transport cables, are traditionally made from wood. KT’s new bobbins, [...]
SEOUL, March 19 (Korea Bizwire) — The Ministry of Oceans and Fisheries (MOF) revealed on March 18 that individuals who transitioned to fishing communities earned an average monthly household income of 3.47 million won in their first year, according to its ’2024 Return-to-Fishing Survey.’ The survey, which included 236 first-year fishing migrants from 2023, found their [...]