CHANGWON, May 1 (Korea Bizwire) — A long-standing dispute over plans to install a cable car in Jirisan National Park has resurfaced as South Korea prepares for an early presidential election, with local governments pushing forward while environmental groups intensify opposition. South Gyeongsang Province recently reaffirmed its support for the controversial project, naming it one [...]
SEOUL, May 1 (Korea Bizwire) — Lee Jae-myung, the presidential candidate for South Korea’s main opposition Democratic Party, has unveiled a sweeping set of labor policy proposals, vowing to support companies that adopt a 4.5-day workweek and gradually shift the nation toward a four-day workweek system. In a statement released via Facebook on April 30, [...]
SEOUL, May 1 (Korea Bizwire) — A major South Korean small business advocacy group is urging the government to reject Google’s repeated requests to export high-precision map data, warning that such a move would threaten national digital sovereignty and jeopardize local jobs in emerging industries. In a strongly worded statement released Tuesday, the Korea Federation [...]
SEOUL, May 1 (Korea Bizwire) — South Korea’s Ministry of Environment has named the giant water bug, known as Lethocerus deyrollei, as May’s endangered wildlife species of the month, highlighting the insect’s rare and remarkable paternal behavior and its declining habitat. Once common across the country, the water bug has become increasingly rare due to [...]
SEOUL, April 30 (Korea Bizwire) — In another potential sign of easing its tacit ban on the South Korean entertainment industry, Chinese authorities have apparently approved a large-scale K-pop concert set to take place in the country this fall, the first of its kind in years. The Korea Entertainment Producers’ Association said Wednesday that its [...]
SEOUL, April 30 (Korea Bizwire) — Ryu Young-sang, chief executive officer (CEO) of SK Telecom Co., said Wednesday the company is preparing for the worst-case scenario that a recent cyberattack may have leaked the universal subscriber identity module (USIM) data of all 25 million subscribers. “In the worst-case scenario, we are bracing for it,” Ryu [...]
SEOUL, April 30 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner, said Wednesday its net loss widened in the first quarter from a year earlier despite a sharp increase in sales, due to falling oil prices and declining refining margins. Net loss deepened to 125.6 billion won (US$88.4 million) in the three months [...]
SEOUL, April 30 (Korea Bizwire) — Cleanup Mel Rojas Jr. drove in his season-high four runs, and starter Enmanuel De Jesus returned from a two-week absence with a solid outing, as the KT Wiz easily handled the Doosan Bears 8-3 for their second straight win Wednesday. The Wiz blew the game open with a four-run [...]
DAEGU, April 30 (Korea Bizwire) — A wildfire reignited on a mountain in the southeastern city of Daegu on Wednesday, prompting authorities to issue evacuation alerts to nearby residents and a national mobilization order. The fire, which began Monday afternoon on Mount Hamji in northern Daegu, about 230 kilometers southeast of Seoul, was extinguished nearly [...]
SEOUL, April 30 (Korea Bizwire) – U.S. Secretary of the Navy John Phelan visited South Korea’s leading shipbuilders, HD Hyundai Heavy Industries Co. and Hanwha Ocean Co., Wednesday, as Washington seeks to strengthen bilateral cooperation in the sector under President Donald Trump. Phelan, on a two-nation Asia trip also involving Japan, visited HD Hyundai Heavy’s [...]