SEOUL, Dec. 26 (Korea Bizwire) — Nexon and the startup Ironmace are headed to South Korea’s Supreme Court in a long-running legal battle over the online game Dark and Darker, after both sides signaled they would appeal a recent appellate ruling. According to the gaming industry on Friday, Nexon has filed an appeal against Ironmace, [...]
SEOUL, Dec. 26 (Korea Bizwire) — South Korea’s National Human Rights Commission said on Friday that Coupang, the country’s largest e-commerce platform, has refused to comply with its recommendation to broaden the hiring of foreign delivery workers, adding to scrutiny already facing the company over a recent personal data leak. The commission said it decided [...]
SEOUL, Dec. 26 (Korea Bizwire) — The national pension fund has resumed strategic foreign exchange hedging operations as authorities stepped up efforts to stabilize the local currency, sources said Friday. The National Pension Service (NPS) restarted the program after extending both its currency swap agreement and the temporary strategic hedging scheme for another year, which [...]
SEOUL, Dec. 26 (Korea Bizwire) — The unification ministry said Friday it plans to integrate the main center and branch of Hanawon, the state facility for supporting North Korean defectors’ resettlement, next year amid a sharp decline in the number of such people coming to South Korea in recent years. Currently, the headquarters of Hanawon [...]
SEOUL, Dec. 24 (Korea Bizwire) — U.S. President Donald Trump has gifted President Lee Jae Myung a specially designed gold key to the White House in return for the presents he received during his visit to South Korea in October, Lee’s chief of staff said Wednesday. In a Facebook post, Kang Hoon-sik said Trump handed [...]
SEOUL, Dec. 24 (Korea Bizwire) — South Korea carried out routine military drills this week near Dokdo, its easternmost islets, reaffirming its control over the disputed territory in exercises that again drew protests from Japan. The drills took place Tuesday in waters off Dokdo, according to a South Korean military official who said they were [...]
WASHINGTON•SEOUL, Dec. 24 (Korea Bizwire) – South Korea is pressing ahead with a bid for greater military autonomy within its alliance with the United States, a shift that reflects both Seoul’s growing confidence and Washington’s evolving strategic priorities as rivalry with China intensifies. From efforts to reclaim wartime operational control of its forces from the United [...]
SEOUL, Dec. 24 (Korea Bizwire) — South Korea’s government plans to enact a sweeping Climate Adaptation Act next year and expand the use of artificial intelligence to forecast floods, road icing and wildfires, as it steps up preparations for intensifying climate risks, officials said Tuesday. The Ministry of Climate, Energy and Environment said the Fourth National [...]
SEOUL, Dec. 24 (Korea Bizwire) — South Korea will exempt a wider range of low-risk recyclable materials from mandatory import insurance requirements, a move aimed at securing recycling inputs and accelerating the country’s transition to a circular economy, the government said Monday. The Ministry of Climate, Energy and Environment announced that it will revise enforcement [...]
SEOUL, Dec. 24 (Korea Bizwire) — Replacing screen time with traditional outdoor games has led to measurable improvements in weight and eating habits among South Korean elementary school students, according to government data released Tuesday. The Ministry of Health and Welfare and the Korea Health Promotion Institute said the “Healthy Care Playground” program, designed to promote [...]