JEONGSEON, Oct. 1 (Korea Bizwire) — Kangwon Land is pressing ahead with plans to transform a former coal mining site into a cultural landmark, aiming to breathe new life into a once-declining community. The project, known as M650, will open in June 2026 as a multipurpose cultural complex built on the site of the former Sabuk [...]
BERLIN, Sept. 29 (Korea Bizwire) — With just a week left before a deadline to dismantle a comfort woman statue in Berlin, a Korean civic group has filed an injunction against the local district office, seeking to preserve the memorial that has become a focal point of historical and diplomatic tensions. The Korea Verband, a [...]
SEOUL, Sept. 29 (Korea Bizwire) — The relative poverty rate among South Korea’s retired population reached the highest level among member countries of the Organization for Economic Cooperation and Development (OECD), data showed Monday. For those aged 65 and older, the relative poverty rate stood at 39.8 percent in 2023, up 0.1 percentage point from [...]
SEOUL, Sept. 29 (Korea Bizwire) — Suicide has overtaken cancer as the leading cause of death for South Koreans in their 40s, underscoring the intensifying pressures on the country’s core working-age population, according to new government data. Figures released by Statistics Korea show that South Korea’s overall suicide rate rose to 29.1 deaths per 100,000 [...]
SEOUL, Sept. 29 (Korea Bizwire) — Obstruction of official duties against South Korean police officers remains alarmingly frequent, with more than 9,000 cases recorded last year — nearly 25 incidents every day — according to newly disclosed government data. Figures released by Rep. Seo Beom-soo of the People Power Party, citing the National Police Agency, [...]
SEOUL, Sept. 29 (Korea Bizwire) — As South Korea prepares for the Chuseok harvest holiday, when household waste typically spikes, local governments and businesses are stepping up efforts to promote greener practices — from reusable wrapping to bans on artificial flowers at cemeteries. Officials in North Chungcheong Province estimate that nearly 20,000 tons of waste [...]
SEOUL, Sept. 29 (Korea Bizwire) — South Koreans believe they will need about 3.5 million won ($2,600) a month to live comfortably in retirement, but most expect to secure only two-thirds of that amount, according to a new survey by KB Financial Group’s research institute. The study, released Sunday, polled 3,000 people aged 25 to [...]
BUSAN, Sept. 28 (Korea Bizwire) — South Korea has declared its first national charter on animal protection, a symbolic yet landmark step in recognizing animals as living beings rather than property. While the document carries no legal force, officials and advocates say it sets out core values to guide future policy and public awareness on animal [...]
SEOUL, Sept. 28 (Korea Bizwire) — South Korea’s booming frozen gimbap exports to the United States are faltering under new trade barriers, even as instant noodles and sauces continue to thrive in global markets. The Ministry of Agriculture, Food and Rural Affairs said Sunday that U.S. tariffs of 15 percent on Korean processed rice products [...]
SEOUL, Sept. 26 (Korea Bizwire) — As Seoul prepares to host the 2025 World Fireworks Festival this Saturday along the Han River, demand for prime viewing spots has ignited a frenzy of resales, steep markups, and even makeshift rentals. Online marketplaces are filled with offers ranging from balcony access in Han River–view apartments — sometimes [...]