NEWYORK, Sept. 24 (Korea Bizwire) — President Lee Jae-myung of South Korea chaired a United Nations Security Council debate on artificial intelligence and international security on Wednesday, marking the first time a South Korean leader has presided over an open council session. The event reflected Seoul’s rotating presidency of the body this month and underscored [...]
NEW YORK, Sept. 24 (Korea Bizwire) – President Lee Jae-myung told U.S. Treasury Secretary Scott Bessent that he expects ongoing trade negotiations with Washington to advance in a way that reflects the interests of both countries and rests on “commercial rationality.” The two met in New York on the sidelines of the U.N. General Assembly, [...]
SEOUL, Sept. 24 (Korea Bizwire) — On a recent evening at a sprawling PC bang near Hongdae Station, the crowd was strikingly international. Foreign visitors, headphones on, were absorbed in marathon sessions of Valorant and League of Legends. Some huddled in groups, strategizing in real time, while others queued for a turn at high-powered gaming [...]
SEOUL, Sept. 24 (Korea Bizwire) — Pastor Son Hyun-bo of Busan’s Saegero Church, a central figure in South Korea’s far-right Christian movement, faces a bail review this week following his arrest earlier this month on charges of violating election laws. While conservative leaders and evangelical groups denounce his detention as “religious persecution,” the sweeping mobilizations [...]
SEOUL, Sept. 24 (Korea Bizwire) — As South Korea heads into what could be its longest Chuseok holiday in decades — stretching up to ten days from October 3 to 12 — the country’s top business leaders are preparing to use the break less for rest than for recalibration. With U.S. tariffs, revisions to Korea’s [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korean regulators said Tuesday they had broken up a sophisticated stock manipulation scheme involving some of the country’s wealthiest business operators and financial insiders, in what is being billed as the first major case under President Lee Jae-myung’s new crackdown on market abuses. The Financial Services Commission, the [...]
SEOUL, Sept. 24 (Korea Bizwire) — As medical reshuffling debates intensify in South Korea, critics warn that the absence of any legal or institutional mechanism for patients to verify doctors’ qualifications or disciplinary history is leaving the public vulnerable. Unlike lawyers and accountants at home, or doctors in the United States and Britain, physicians in [...]
SEOUL, Sept. 24 (Korea Bizwire) — As South Korea’s major conglomerates approach annual reshuffling season, a new survey has revealed that only a small fraction of the country’s largest corporations have established independent CEO succession committees. According to corporate research firm Leaders Index, just 14 of the nation’s top 500 companies by revenue — or [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea is revisiting an ambitious plan to transform a small island into a showcase of renewable power, seeking lessons from past failures as the government doubles down on clean energy to meet surging demand from carbon neutrality goals and AI-powered data centers. The Ministry of Environment said this [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea is grappling with the surge in e-cigarette use, as health experts warn of toxic risks and public frustration grows over indoor vaping by celebrities and ordinary users alike. The government has launched a new campaign emphasizing the dangers of vaping, even as other countries tighten outright bans. [...]