SEOUL, Dec. 4 (Korea Bizwire) — South Korea has abolished the statute of limitations for sexual violence committed by family members against children and adolescents, a sweeping legal reform aimed at strengthening protections for young victims and increasing accountability for offenders. The Ministry of Gender Equality and Family said Wednesday that the National Assembly passed revisions [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korea’s major business lobby warned that companies may face nearly 27 trillion won (US$20.4 billion) in carbon-credit purchasing costs over the next five years under the government’s newly announced emissions trading allocation plan. The climate ministry swiftly rejected the estimate, calling it an exaggerated projection based on flawed assumptions. [...]
SEOUL, Dec. 3 (Korea Bizwire) — South Korea approved a defense budget of 65.9 trillion won, or about $44.8 billion, for next year, a 7.5 percent rise as the government moves to reinforce its three-axis deterrence strategy and accelerate the modernization of its armed forces. The National Assembly passed the 727.9 trillion-won national budget late [...]
SEOUL, Dec. 3 (Korea Bizwire) — South Korea aims to triple its onshore wind power capacity to 6 gigawatts (GW) by 2030 while lowering generation costs as part of efforts to expand the use of eco-friendly energy and achieve carbon neutrality, the climate ministry said Wednesday. The goal was announced at the inaugural meeting of [...]
SEOUL, Dec. 3 (Korea Bizwire) — The government will provide 100 billion won (US$68.1 million) in support by 2030 for research and development (R&D) projects aimed at advancing core ceramic technologies, a key material for semiconductors, the industry ministry said Wednesday. The funding plan comes as part of a comprehensive road map on fostering the [...]
SEOUL, Dec. 2 (Korea Bizwire) — President Lee Jae-myung on Tuesday condemned Coupang’s massive data breach and instructed his cabinet to swiftly determine the cause and impose strict accountability, calling the incident “astonishing” both in scale and in the company’s failure to detect the leak for nearly five months. Speaking at a Cabinet meeting in Seoul, [...]
SEOUL, Dec. 2 (Korea Bizwire) — The state arms procurement agency on Tuesday launched a 435.9 billion-won project (US$296 million) to develop short-range air-to-air guided missiles to be equipped on South Korea’s homegrown KF-21 fighter jets. Under the plan, the country aims to develop guided missiles for homegrown fighter jets by 2032, in its bid [...]
SEOUL, Dec. 2 (Korea Bizwire) — President Lee Jae-myung on Tuesday forcefully dismissed renewed proposals for South Korea to pursue its own nuclear weapons program, calling the idea “impossible” and warning that it would trigger immediate international backlash. Speaking at a Cabinet meeting at the presidential office, Lee addressed growing calls from some opposition lawmakers to [...]
SEOUL, Dec. 1 (Korea Bizwire) — The justice ministry announced Monday that it has expanded the number of countries whose nationals can use automated immigration checks when entering Incheon International Airport, increasing the list from four to 18. The latest measure allows travelers from 14 additional countries, comprising the United Kingdom, France, Italy, Finland, Portugal, [...]
SEOUL, Nov. 30 (Korea Bizwire) — South Korea is moving to tighten regulations on electric scooters as accidents involving personal mobility devices surge nationwide, raising concerns over public safety while prompting debate about the future of these increasingly common, eco-friendly vehicles. According to data released on Sunday by the Korea Road Traffic Authority, accidents involving personal [...]