Korea Bizwire, Author at Be Korea-savvy
GM Korea, Union in Last-Minute Talks as Deadline Nears

GM Korea, Union in Last-Minute Talks as Deadline Nears

SEOUL/INCHEON, April 19 (Korea Bizwire) – General Motor Co.’s South Korean unit and its labor union have been holding last-minute negotiations on Thursday over a turnaround plan, a day before the deadline that would see GM Korea file for bankruptcy. The Detroit automaker, which announced in February that it will shut down its Gunsan plant by May, has said GM Korea will file for [...]

Ex-President Lee’s Corruption Trial to Begin May 3

Ex-President Lee’s Corruption Trial to Begin May 3

SEOUL, April 19 (Korea Bizwire) – The corruption trial of former President Lee Myung-bak, who has been indicted over bribery, embezzlement and other charges, will start May 3, a Seoul court said Thursday. Lee, president from 2008 to early 2013, was formally charged last Monday for committing a string of irregularities that largely center on his brother’s lucrative auto parts company, which Lee [...]

Government Scientists to Decode Fruit and Vegetable Genomes

Government Scientists to Decode Fruit and Vegetable Genomes

SEOUL, Apr. 19 (Korea Bizwire) — South Korean agricultural authorities have revealed plans to decode the genomes of popular agricultural products including strawberries and bell peppers. According to the plans released by the Rural Development Administration (RDA) on Wednesday, the new project will decode the genomes of 23 valuable agricultural products and animals including the Jeju [...]

South Korea Battles Fake News

South Korea Battles Fake News

SEOUL, Apr. 10 (Korea Bizwire) — With local elections on the horizon, South Korea is making all-out efforts to root out fake news, with both the government and online platforms implementing changes and cracking down on questionable content. Speaking at the Korea Press Center last Thursday, Prime Minister Lee Nak-yeon, acknowledged the serious threat fake news [...]