SEOUL, June 27 (Korea Bizwire) — The military has restored all of the 11 guard posts inside the Demilitarized Zone (DMZ) separating the two Koreas that had been dismantled under a 2018 inter-Korean military tension reduction pact, an opposition lawmaker said Friday. The 19.6 billion-won (US$14.4 million) project to restore the guard posts concluded last [...]
INCHEON, June 27 (Korea Bizwire) — Police on Friday apprehended six American citizens who attempted to release plastic bottles containing rice, one dollar bills and the Bible into the sea near a restricted border area in an effort to send them to North Korea, officials said. The U.S. nationals in their 20s to 50s allegedly [...]
SEOUL, June 27 (Korea Bizwire) — The special counsel investigating former President Yoon Suk Yeol’s martial law bid insisted Friday that he appear for questioning this weekend through the main entrance, not via the underground parking. Park Ji-young, a deputy to Special Prosecutor Cho Eun-suk, told reporters Yoon has repeatedly delivered his intention to use [...]
SEOUL, June 27 (Korea Bizwire) — South Korean stocks fell for the second-straight session Friday as investors continued to cash in recent gains. The local currency fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) dropped 23.62 points, or 0.77 percent, to close at 3,055.94. Trade volume was moderate at 377.4 [...]
SEOUL, June 27 (Korea Bizwire) – President Lee Jae Myung on Friday stressed the importance of national security and vowed extraordinary compensation and honor for those who sacrificed themselves to protect the nation and its people. Lee made the remarks during a luncheon with veterans, bereaved family members and representatives of veterans’ organizations, held just [...]
SEOUL, June 27 (Korea Bizwire) — The financial authorities’ latest measures to restrict ballooning household debt are expected to help cool down the overheated housing market in Seoul’s sought-out areas, experts said Friday. The Financial Services Commission (FSC) announced earlier in the day that all local lenders will be forced to sharply lower their household [...]
SEOUL, June 27 (Korea Bizwire) — An envisioned summit between South Korean and Central Asian leaders has been postponed to 2026, a senior Seoul diplomat said Friday, citing the political fallout in South Korea following the failed martial law attempt by ousted former President Yoon Suk Yeol. First Vice Foreign Minister Park Yoon-joo confirmed the [...]
SEOUL, June 27 (Korea Bizwire) — The deadly games in Netflix’s global sensation “Squid Game” finally came to an end Friday with its third and final season, concluding the saga that began in 2021. While the fate of hundreds of desperate, cash-strapped contestants is seemingly sealed, the finale leaves one critical question unanswered: Are the [...]
Stefano Domenicali, President & CEO of Formula 1® (l) Gerdine Lindhout, Global Director Sponsorships, CSR and Events at Allwyn (m) and Robert Chvátal, Group CEO at Allwyn (r) celebrate the launch of the F1® Allwyn Global Community Award at the Red Bull Ring – Spielberg ahead of the Austrian Grand Prix this weekend. Brand-new F1® Allwyn [...]
SEOUL, June 27 (Korea Bizwire) — Korea Aerospace Industries Co. (KAI), South Korea’s sole aircraft manufacturer, said Friday it has signed a 140 billion-won (US$103.3 million) contract with Collins Aerospace to supply engine components for Airbus aircraft. Under the agreement, KAI will supply engine nacelle components for Airbus A350 and A320 NEO aircraft over a [...]