GWANGJU, June 4 (Korea Bizwire) — President Lee Jae-myung emerged as the top choice in a nationwide mock presidential election held among South Korean youth, winning more than half of the votes cast by participants under the age of 18. The mock election, organized by Gwangju YMCA and the Youth Mock Voting Coalition, surveyed 17,466 [...]
PRAGUE/SEOUL, June 4 (Korea Bizwire) — It was a deal nearly derailed by courtroom drama — but now, South Korea is officially back on the global nuclear stage. Following a months-long legal impasse, Korea Hydro & Nuclear Power Co. (KHNP), South Korea’s state-run nuclear energy firm, has signed a final agreement to build two nuclear [...]
WASHINGTON•BEIJING, June 4 (Korea Bizwire) — The Trump administration on Tuesday congratulated South Korea’s newly elected President Lee Jae-myung and reaffirmed its commitment to deepening trilateral cooperation with Seoul and Tokyo, as tensions with China continue to mount. In an official statement, U.S. Secretary of State Marco Rubio, who also serves as National Security Advisor, [...]
SEOUL, June 4 (Korea Bizwire) — As Lee Jae-myung steps into the South Korean presidency, he inherits a nation weighed down by global headwinds and domestic fatigue. Confronted by a trade war brewing across the Pacific and an economy teetering on stagnation, the former human rights lawyer-turned-political brawler is shifting into the role of crisis manager [...]
SEOUL, June 4 (Korea Bizwire) — As South Korea prepares to usher in a new administration following the 21st presidential election, the nation’s digital asset industry is poised for a potential regulatory breakthrough, with both leading candidates expressing support for broader integration of blockchain-based financial products into the legal framework. Both Lee Jae-myung and Kim [...]
SEOUL, June 4 (Korea Bizwire) — South Korea will host a series of events marking World Environment Day from June 4 to 13, with a flagship ceremony taking place in Jeju on June 5—the first time in 28 years that the global observance is held in the country. The ceremony, organized by the Ministry of [...]
SEOUL, June 4 (Korea Bizwire) — The Seoul Metropolitan Council is advancing a new ordinance that prioritizes children’s right to play over noise complaints related to playground activities, aiming to safeguard childhood development while mediating community concerns. On June 3, Councilmember Yoon Young-hee of the People Power Party introduced an amendment to the “Seoul Ordinance [...]
SEOUL, June 4 (Korea Bizwire) — South Korea’s banking industry is calling on the incoming administration to open the door for greater involvement in the digital asset space and non-financial sectors, while also seeking regulatory reforms in investment advisory services, trust systems, and enforcement transparency. According to banking officials on June 3, the Korea Federation [...]
SEOUL, June 4 (Korea Bizwire) — Lee Jae-myung’s path to the presidency has been anything but conventional. Bruised by political defeat, dogged by legal battles, and shaped by a lifetime of adversity, the 61-year-old politician now stands at the pinnacle of South Korean politics — a figure both divisive and unwavering. In a political landscape defined [...]
SEOUL, June 3 (Korea Bizwire) — As South Korea’s tech sector transitions from digital transformation (DX) to what many now call “AI transformation” (AX), major system integration (SI) companies are rapidly deploying generative AI across their development operations—redefining the core of enterprise software engineering. Leading the charge is LG CNS, which recently upgraded its AI coding [...]