WASHINGTON, July 30 (Korea Bizwire) — U.S. President Donald Trump announced a tentative trade agreement with South Korea on Tuesday, stating that the United States will lower its reciprocal tariff rate on Korean goods from 25% to 15% in exchange for a $350 billion investment package from Seoul. In a post on Truth Social following [...]
SEOUL, July 30 (Korea Bizwire) — South Korea’s credit card spending rose sharply in the second quarter of 2025, buoyed by recovering consumer sentiment and optimism over potential economic stimulus measures in the second half of the year. According to data released Wednesday by the Credit Finance Association, total card-approved transactions reached 313 trillion won [...]
UIJEONGBU, South Korea, July 30 (Korea Bizwire) – As South Korea endures an unrelenting heatwave with temperatures nearing 40 degrees Celsius, over 81,000 chickens and pigs have died in Gyeonggi Province alone between July 11 and 25, according to local government data released Wednesday. The fatalities began mounting shortly after heat advisories were issued across [...]
SEOUL, July 30 (Korea Bizwire) — August has emerged as the deadliest month for drowsy driving-related fatalities in South Korea, with the summer vacation season and long-distance travel contributing to a sharp rise in accidents, according to data released Wednesday by the National Police Agency. Between 2020 and 2024, a total of 9,559 drowsy driving [...]
SEOUL, July 30 (Korea Bizwire) — As artificial intelligence advances and electric vehicles become more widespread, South Korea is witnessing the rise of new technology-driven professions—including automotive cybersecurity experts and AI service operations managers, according to a report released Wednesday by the Korea Employment Information Service (KEIS). The newly identified occupations will be included in [...]
SEOUL, July 30 (Korea Bizwire) — South Koreans are living longer than most of their global peers, but the country continues to grapple with the highest suicide rate among OECD nations, underscoring a stark contrast between physical longevity and mental well-being. According to the OECD Health Statistics 2025 report released Wednesday by South Korea’s Ministry [...]
SEOUL, July 30 (Korea Bizwire) — South Korea has one of the lowest numbers of practicing physicians among developed nations, but its citizens visit the doctor more often than anywhere else in the OECD, highlighting a paradox of limited manpower and high demand in the nation’s healthcare system. According to the OECD Health Statistics 2025 [...]
GIMCHEON, July 30 (Korea Bizwire) — A South Korean court has ruled in favor of a consumer who faced a 100 million won ($77,000) damages lawsuit after posting a negative review of an online lecture, affirming that such commentary falls under protected freedom of expression. According to the Korea Legal Aid Corporation on Wednesday, both [...]
SEOUL, July 30 (Korea Bizwire) — Foreign companies operating in South Korea are voicing strong opposition to the so-called “Yellow Envelope Law,” warning it could significantly raise legal risks and operational burdens — with some even suggesting they may reconsider their presence in the country if the bill passes. The legislation, led by the ruling [...]
SEOUL, July 30 (Korea Bizwire) — More than 100 Gyeonggi Province residents have received compensation through the region’s pioneering climate insurance program, as record heatwaves continue to drive a sharp rise in heat-related illnesses. As of July 28, the Gyeonggi Provincial Government reported a total of 110 insurance payouts: 60 cases related to heat illness, [...]