SEOUL, June 9 (Korea Biziwire) – Three victims of Japan’s wartime sexual slavery came forward on Thursday in support of the beleaguered nominee for foreign minister who faces objections from opposition parties. The three women in their 90s held a press conference in central Seoul to voice their backing of Kang Kyung-wha, a former U.N. [...]
SEOUL, June 9 (Korea Bizwire) – South Korea’s population of baptized Catholics reached about 5.6 million, the world’s 43rd largest, in 2015, the local church said Thursday. According to the official statistics released by the Catholic Bishops’ Conference of Korea based on the 2017 Vatican yearbook, 5.592 million South Koreans were baptized Catholics as of [...]
BEIJING, June 8 (Korea Bizwire) – China urged North Korea not to escalate tensions after the country launched what are believed to be several cruise missiles. “Under the current environment, the countries concerned should not provoke each other or take any action that could escalate regional tensions,” China’s foreign ministry spokeswoman Hua Chunying said in [...]
SEOUL, June 8 (Korea Bizwire) – Lotte Shopping Co., the retail unit of Lotte Group, said Thursday its cinema department will be hived off later this year, a move it says will boost each unit’s business competitiveness. During a regular board meeting Thursday, the members approved the plan to spin off the company’s cinema business [...]
SEOUL, June 8 (Korea Bizwire) – The newly-elected South Korean government is accelerating efforts to put an end to religious tax exemptions beginning next year, as President Moon Jae-in’s nominee for Deputy Prime Minister and Minister for Strategy and Finance, Kim Dong-yeon, has indicated his intent to deliver on the tax reform proposal. In a written [...]
SEOUL, June 8 (Korea Bizwire) – South Korean mobile carriers are bracing for a possible shake-up of phone bills, as the government inches towards scrapping what are known as basic charges, fees that have been a key driver of profits for telecom companies in the past. After years of criticism and complaints, pressure from newly-elected [...]
SEOUL, June 8 (Korea Bizwire) – In the wake of a series of scandals in recent years and a poor public image compared to the Marine Corps and the Air Force, officials from the South Korean Army hope to revamp the unit’s public image and expand its presence. According to authorities yesterday, the South Korean Army [...]
SEOUL, June 8 (Korea Bizwire) – The number of false notices of protest, which were previously used by corporations and public organizations to block unions and civil groups from gathering and demonstrating, has dropped significantly thanks to a major police crackdown. According to Gyeonggi Nambu Provincial Police Agency, zero cases of so-called ‘ghost protests’ – a [...]
SEJONG, June 8 (Korea Bizwire) – The South Korean economy has been on a modest recovery path thanks to brisk exports and investment despite a slight downturn in industrial output, a state-run think tank said Thursday. “The Korean economy maintained a moderate improvement led by exports and investment demand, although industrial output growth moderated slightly,” [...]
SEOUL, June 8 (Korea Bizwire) – Korea Western Power Co. is developing indoor coal yards as part of its efforts to tackle the problem of fine dust. The South Korean electricity power company announced a plan yesterday to slash fine dust emissions by pumping 100 billion won into transforming areas of the Taean Thermal Power Plant [...]