SEOUL, March 27 (Korea Bizwire) — With the Earth’s average temperature now 1.5 degrees Celsius higher than pre-industrial levels, climate change is no longer a distant threat but a force reshaping daily life in South Korea and around the world. Wildfires are becoming larger, more frequent, and less predictable. According to Korea’s National Forest Service, the [...]
SEOUL, March 27 (Korea Bizwire) — When the search term “Yonsei” suddenly trended on the CU convenience store chain’s mobile app on March 18, it wasn’t customers looking for the dairy company’s milk. Instead, Doosan Bears baseball fans were hunting for a new cream-filled pastry collaboration between CU, Yonsei Dairy, and their beloved team. The [...]
SEOUL, March 26 (Korea Bizwire) – The government will join hands with export-related agencies to provide “all-out” support to South Korean companies in export business, the industry ministry said Wednesday. The Ministry of Trade, Industry and Energy held a joint conference in Seoul with various export-related agencies, including the Korea Customs Service, the Korean Intellectual [...]
SEOUL, March 26 (Korea Bizwire) – The chief of the country’s financial watchdog called on private equity firm MBK Partners Ltd. to be more responsible for the recent Homeplus fiasco Wednesday. Since last week, the Financial Supervisory Service (FSS) has been inspecting MBK Partners to look into whether there have been any flaws in the [...]
SEOUL, March 25 (Korea Bizwire) — European companies operating in South Korea are increasingly dissatisfied with their business performance and the country’s regulatory environment, according to a new survey released Monday. The 2024/25 Korea Business Confidence Survey, conducted by the European Chamber of Commerce in Korea (ECCK), the Korean-German Chamber of Commerce and Industry (KGCCI), [...]
SEOUL, March 25 (Korea Bizwire) — The South Korean Ministry of Land, Infrastructure and Transport revealed on March 24 that Hanwha Corporation recorded the highest number of construction defects for apartment and officetel buildings over the past six months. According to the ministry’s quarterly disclosure of construction defect data, Hanwha received 97 defect determinations for [...]
SEOUL, March 25 (Korea Bizwire) — South Korea’s efforts to localize its industries in Egypt, such as defense manufacturing and infrastructure, will help further strengthen cooperation between the two countries, the top Egyptian envoy to Seoul has said. Egyptian Ambassador to South Korea Khaled Abdel Rahman made the remarks, emphasizing that his country’s initiatives in [...]
SEOUL, March 24 (Korea Bizwire) — The rise of retail investor activism, fueled by online platforms and collective action, is reshaping South Korea’s corporate governance landscape — and sparking concerns over potential threats to management stability, according to a new report by the Korea Chamber of Commerce and Industry (KCCI). The report, released Sunday, reveals [...]
SEJONG, March 24 (Korea Bizwire) — South Korea reported an additional foot-and-mouth disease (FMD) case at a local cattle farm, raising the number of cases this year to 14, the agriculture ministry said Monday. The latest case was found at the farm in the county of Yeongam, about 300 kilometers south of Seoul, which has [...]
SEOUL, March 24 (Korea Bizwire) — A South Korean court has ruled that the death of a delivery driver who ran a red light and was killed in a traffic accident while rushing to meet delivery deadlines qualifies as a work-related accident. The Seoul Administrative Court’s 8th Division, presided over by Judge Lee Jung-hee, sided [...]