SEOUL, Oct. 29 (Korea Bizwire) – South Korean stocks set a fresh record high Wednesday on hopes for the Seoul-Washington summit and a potential supply deal with Nvidia. The local currency was trading higher against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) added 70.74 points, or 1.76 percent, to close at [...]
GYEONGJU, South Korea, Oct. 29 (Korea Bizwire) – South Korean President Lee Jae Myung used a high-stakes summit in Gyeongju on Wednesday to push Washington toward a long-sought goal: the fuel needed to operate nuclear-powered submarines. Meeting U.S. President Donald Trump in the ancient capital, Lee argued that South Korea’s diesel-powered fleet no longer provides [...]
In its third collaboration, Oxford University’s Professor Michael McMahon and EBC Financial Group’s David Barrett explore how to bridge the global financial literacy gap in open-access webinar on 11 November OXFORD, United Kingdom, Oct. 29, 2025 (Korea Bizwire) – EBC Financial Group (EBC) and the University of Oxford’s Department of Economics announce the latest episode [...]
SEOUL, Oct. 29 (Korea Bizwire) — A South Korean court on Tuesday overturned the decades-old conviction of a 72-year-old man who was imprisoned during the military regime for possessing Karl Marx’s “Das Kapital,” ruling that his prior confession had been coerced. The Seoul Southern District Court acquitted Jeong Jin-tae, who was a student at Seoul National [...]
GWANGJU, Oct. 29 (Korea Bizwire) — A South Korean appeals court has acquitted a father and daughter who spent roughly 15 years behind bars for a notorious 2009 poisoning, concluding that the convictions rested on coerced, legally flawed confessions. The ruling lands in October 2025, under a new political landscape that has made criminal-justice safeguards [...]
SEOUL, Oct. 29 (Korea Bizwire) — A South Korean appellate court has ordered a hospital to pay approximately 620 million won (US$450,000) in damages to a family after finding that medical negligence during childbirth resulted in their son’s permanent disability. The ruling, handed down by the Suwon High Court recently, held that the hospital failed to [...]
GYEONGJU, Oct. 29 (Korea Bizwire) — Gyeongju, a city steeped in a thousand years of history, is preparing to showcase a modern face to the world as South Korea hosts the Asia-Pacific Economic Cooperation (APEC) summit in 2025. On Tuesday, the Korea Tourism Organization unveiled a new slate of travel themes to spotlight Gyeongju’s appeal, categorized [...]
SEOUL, Oct. 29 (Korea Bizwire) — With less than three weeks since the launch of the 2025-2026 seasonal vaccination campaign, select medical facilities in South Korea report a shortage of COVID-19 vaccine doses distributed to seniors, raising concerns over preparedness ahead of the influenza season. On October 15, the Korea Disease Control and Prevention Agency (KDCA) [...]
SEOUL, Oct. 29 (Korea Bizwire) — South Korea has convened labor, business and government representatives to pursue the first major overhaul of the nation’s retirement pension system in more than two decades, aiming to strengthen income security for an aging workforce. The Ministry of Employment and Labor on Tuesday launched a tripartite task force dedicated to [...]
SEOUL, Oct. 29 (Korea Bizwire) — South Korea’s Mirae Asset Securities will resume U.S. daytime trading services next month, expanding access for retail investors amid continued enthusiasm for overseas equities, the company said Tuesday. Beginning Nov. 4, investors will be able to trade U.S. stocks between 10 a.m. and 5:15 p.m. Seoul time. Combined with existing [...]