SEOUL, June 10 (Korea Bizwire) — A lawmaker of the ruling Democratic Party (DP) on Tuesday introduced a bill allowing companies to issue stablecoins pegged to the South Korean currency, in what would be another boost for the cryptocurrency market. Rep. Min Byung-dug of the DP said the bill also seeks to establish a digital [...]
SEOUL, June 10 (Korea Bizwire) — The unification ministry on Tuesday cited the need for peace building and public safety as the reasons for its recent call on civic groups to halt campaigns to send anti-Pyongyang leaflets to North Korea. The stance came a day after the ministry expressed “regret” and “strongly” urged a halt [...]
SEOUL, June 10 (Korea Bizwire) — The Cabinet on Tuesday approved bills to appoint special counsels to probe a botched martial law bid by former President Yoon Suk Yeol and corruption allegations against his wife, former first lady Kim Keon Hee. President Lee Jae-myung presided over the Cabinet meeting that also approved a special counsel [...]
SEOUL, June 9 (Korea Bizwire) – President Lee Jae-myung on Monday instructed his aides to swiftly prepare an extra budget to support the economic recovery and spur private consumption, the presidential office said. Lee made the call during the second meeting of the emergency economy task force with presidential aides and government officials. “He instructed [...]
TURIN, Italy, June 09, 2025 (Korea Bizwire) — This is not just a boat, it’s a message. On Friday 6 June 2025, in the waters of Monaco’s harbor, ‘Malizia Explorer’, the new scientific research sailboat from Team Malizia, was officially christened. The team was founded by Pierre Casiraghi, Vice-President of the Yacht Club de Monaco, [...]
SEOUL, June 9 (Korea Bizwire) — President Lee Jae-myung is expected to meet with top business leaders and heads of major economic organizations later this week, ahead of his participation in the Group of Seven (G7) summit in Canada, industry sources said Monday. According to the sources, the presidential office is arranging the meeting for [...]
SEOUL, June 9 (Korea Bizwire) — Midfielder Lee Jae-sung has represented South Korea at the 2018 and 2022 FIFA World Cup tournaments, and the 32-year-old would love nothing more than another chance to don the country’s red for the 2026 event. That’s because playing on his sport’s ultimate stage never gets old. “I think any [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s top military officer met with the chief of the U.S. Transportation Command on Monday and discussed ways to bolster cooperation, such as regularizing combined transportation drills, the South’s Joint Chiefs of Staff (JCS) said. JCS Chairman Adm. Kim Myung-soo and Gen. Randall Reed held talks in Seoul, [...]
SEOUL, June 9 (Korea Bizwire) — With South Korea’s ticket to the 2026 FIFA World Cup already secured, head coach Hong Myung-bo said Monday he will make lineup changes to close out the qualification campaign. South Korea will host Kuwait at Seoul World Cup Stadium at 8 p.m. Tuesday to wrap up Group B play [...]
SEOUL, June 9 (Korea Bizwire) — President Lee Jae-myung and Japanese Prime Minister Shigeru Ishiba agreed to deal with geopolitical crises under the framework of trilateral cooperation with the United States in their first phone talks Monday, the presidential office said. During the 25-minute conversation, Lee and Ishiba also reaffirmed the importance of bilateral ties [...]