SEOUL, Sept. 26 (Korea Bizwire) — South Korea’s professional baseball league is set for sweeping financial changes after the Korea Baseball Organization (KBO) raised salary caps and relaxed penalties, a move expected to drive up player salaries and intensify free-agent bidding wars. The KBO board, made up of presidents from the league’s 10 clubs, voted [...]
GIMHAE, South Korea, Sept. 26 (Korea Bizwire) – A Guinean man stranded for nearly five months in a departure holding room at Busan’s Gimhae International Airport has filed a petition with the National Human Rights Commission, alleging mistreatment while awaiting a chance to apply for refugee status. The man, identified only as A, was [...]
SEOUL, Sept. 26 (Korea Bizwire) — As far-right groups staged another anti-China rally near Daerim Station in southwestern Seoul, students at a nearby middle school responded with a counter-message: “Stop hate, start respect.” Dozens of teenagers held placards reading “Schools should be free of hate” and “Together in diversity” as they marched through their neighborhood, [...]
SEOUL, Sept. 26 (Korea Bizwire) — South Korea will launch a new international consortium this week aimed at advancing “physical artificial intelligence” — AI systems integrated into vehicles, robots and other physical platforms — as part of a push to secure leadership in the fast-emerging field. The Ministry of Science and ICT said Thursday that [...]
SEOUL, Sept. 25 (Korea Bizwire) — More than 100 citizens staged a counter-rally in Seoul’s Daerim neighborhood on Thursday evening to oppose a far-right demonstration marked by anti-Chinese sentiment, with members of the Chinese Korean community publicly speaking out for the first time. Gathered outside Exit 5 of Daerim Station, parents, residents, and civic groups denounced [...]
SEOUL, Sept. 25 (Korea Bizwire) — Delinquency rates at South Korea’s major credit card companies hit an 11-year high in the first quarter amid an economic slowdown, the central bank said Thursday. The delinquency rate on loan assets at the major card firms came to 2.3 percent as of end-March, the highest since 2014, according [...]
SEOUL, Sept. 25 (Korea Bizwire) — When a young Taiwanese tourist emerged from the steaming heat of a jjimjilbang in Seoul last week, she laughed and admitted the traditional Korean sauna had been “hot but fun.” She said she came with her mother after watching the hit Netflix animation K-Pop Demon Hunters, curious to experience [...]
SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s pharmaceutical industry is bracing for fallout after U.S. President Donald Trump suggested that the widely used painkiller Tylenol could raise the risk of autism when taken during pregnancy, a claim experts say lacks scientific basis. At a White House press conference on September 22, Trump said studies [...]
SEOUL, Sept. 25 (Korea Bizwire) — The U.S. military has deployed its new Indirect Fire Protection Capability (IFPC) system to South Korea, marking the first time the advanced air defense platform has been stationed at an overseas base. According to the Defense Visual Information Distribution Service (DVIDS), U.S. Army Chief of Staff Gen. Randy George [...]
JEJU, Sept. 25 (Korea Bizwire) — South Korea’s decision to expand visa-free entry for Chinese group tourists is expected to bring sweeping changes to Jeju’s tourism market, easing earlier concerns that the island could lose visitors to Seoul and other major destinations. Starting September 29, Chinese nationals traveling in groups of three or more through [...]