SEOUL, Nov. 18 (Korea Bizwire) — South Korea and the United States issued a joint fact sheet and a Security Consultative Meeting (SCM) statement during President Lee Jae-myung’s summit with U.S. President Donald Trump. Days later, North Korea released an unusually long and detailed commentary outlining its objections. The response, while restrained in tone, signals important [...]
Related: A Second Betrayal: Yeosu-Suncheon Victims’ Families Say Justice Has Been Stolen Again What happened and why it still looms SEOUL, Nov. 11 (Korea Bizwire) — The Yeosu–Suncheon Incident (October 1948 onward) erupted when soldiers of the 14th Regiment in Yeosu refused orders to suppress the Jeju 4·3 Uprising and instead rebelled, leading to months of brutal [...]
Related: T1 Wins Third Straight League of Legends World Championship, Cementing Its Legacy in Esports History SEOUL, Nov. 10 (Korea Bizwire) — When T1 hoisted the Summoner’s Cup in Chengdu on November 9, it wasn’t just another victory — it was the completion of an unprecedented League of Legends “three-peat,” a feat no team in the world [...]
Related: “He Worked 80 Hours a Week”: The Bakery Case Stirring Debate on Labor Practices The tragedy at a popular Seoul bakery has reignited scrutiny of South Korea’s long-hour work culture — and exposed how easily labor protections can fail in the service industry. 1. What Happened In July 2024, a man in his 20s working [...]
Related: Korea to Introduce First-Ever “Life Insurance Pension” Allowing Policyholders to Receive Death Benefits While Alive Understanding the Policy Shift Beginning October 30, South Koreans will be able to access a portion of their life insurance death benefits while still alive — transforming a traditionally posthumous payout into a living financial asset. The Financial Services Commission [...]
The Backdrop: A Sudden Shift in Washington In August 2024, the U.S. Department of Energy (DOE) quietly made a ruling that would reverberate through South Korea’s nuclear industry. During a closed-door meeting attended by officials from Seoul and Washington — including representatives of Korea Hydro & Nuclear Power (KHNP), Korea Electric Power Corp. (KEPCO), and [...]
Related: Seoul, Washington Strive to Wrap Up Trade Talks Before Leaders’ Summit The Big Picture South Korea’s economic policymakers are in Washington this week for what could be one of the most consequential trade negotiations in years. Led by Industry Minister Kim Jung-kwan and Presidential Policy Chief Kim Yong-beom, Seoul’s top economic team is working to [...]
Related: China’s Retaliation Against Hanwha Ocean Signals Broader Maritime Power Struggle With U.S. 1. What Happened China announced retaliatory measures against five U.S.-based subsidiaries of South Korea’s Hanwha Ocean Co., claiming they assisted Washington’s investigation into China’s maritime, logistics, and shipbuilding industries.The sanctions bar Chinese individuals and organizations from engaging in any transaction or cooperation with the [...]
As the Supreme Court prepares to deliver a verdict in the country’s most expensive divorce case, the outcome could reverberate far beyond one family — shaping the future of chaebol governance, succession, and shareholder control in South Korea. Related: SK Chairman’s High-Stakes Divorce Case Nears Supreme Court Ruling, Raising Questions Over Group Control Few legal battles [...]
Related: Korea Weighs Allowing Pets in Restaurants, Stirring Debate Over Safety and Hygiene South Korea is entering what many call the “10-million pet era,” with nearly one in four households now sharing their home with an animal companion. As this shift reshapes the country’s social landscape, the government is preparing a major policy change — one [...]