SEOUL, July 2 (Korea Bizwire) — South Korea’s ruling and opposition parties have reached a landmark agreement to pass a long-disputed amendment to the Commercial Act that includes the so-called “3% rule,” sparking concern across the business community over heightened risks to corporate governance and investment certainty. The amendment, scheduled for a vote in the [...]
SEOUL, July 2 (Korea Bizwire) — In a move that could become the first major diplomatic test of President Lee Jae-myung’s nascent administration, China has approached South Korea about his potential attendance at a military parade this September, commemorating the 80th anniversary of its World War II victory over Japanese aggression. Diplomatic sources revealed Wednesday [...]
CHEONGJU, South Korea, July 2 (Korea Bizwire) — When Mr. A lost his entire family, his dog became his sole companion — a source of comfort, connection, and continuity. So when that beloved pet was viciously attacked by a neighbor’s dog last September, the damage was more than physical. It felt deeply personal. Last week, [...]
SEOUL, July 2 (Korea Bizwire) — A group of 29 secondary school teachers from the United States, Europe, and the Asia-Pacific region have arrived in South Korea for a firsthand look at the country’s complex history, rapid industrialization, and dynamic culture, moving beyond the textbook depictions they typically present in classrooms. The initiative, titled the [...]
SEOUL, July 2 (Korea Bizwire) — Grabbing lunch in Seoul’s central business districts has become a significantly pricier affair, with Samseong-dong topping the list at ₩15,000 (approx. $11) per meal — the highest average in the greater Seoul area, according to new data released by NHN Payco. The company analyzed 9 million transactions made through [...]
SEOUL, July 2 (Korea Bizwire) – As South Korea sweats through a relentless summer, the risks of heat-related illnesses are mounting—quietly but dangerously. While a cold drink or a shaded bench might seem like enough to beat the heat, medical experts say this summer demands more vigilance than ever. At the heart of the concern [...]
SEOUL, July 2 (Korea Bizwire) — A sudden explosion in the population of so-called “lovebugs,” officially known as Plecia nearctica or red-shouldered march flies, is causing discomfort and frustration across South Korean cities, with local authorities overwhelmed by complaints and limited legal tools to respond. The bugs, characterized by their red thorax and black wings, [...]
SEOUL, July 2 (Korea Bizwire) — South Koreans continue to consume far more sodium than global health guidelines recommend, despite a decade-long decline, according to a new report from the Ministry of Food and Drug Safety. An analysis of national health and nutrition survey data from 2019 to 2023 revealed that the average Korean consumes [...]
SEOUL, July 1 (Korea Bizwire) — As South Korea braces for another scorching summer, the Seoul Metropolitan Government has launched a comprehensive heat wave response plan aimed at protecting vulnerable residents and mitigating urban heat island effects through September. Dubbed the “2025 Comprehensive Heat Wave Countermeasures,” the plan includes a wide array of initiatives: expanding [...]
SEOUL, July 1 (Korea Bizwire) — K-pop supergroup BTS will return with a new album featuring all seven members and begin a world tour next spring, the group said Tuesday. The group made the surprise announcement during a live broadcast on the K-pop fan community platform Weverse. “From July, we plan to start working together [...]