SEOUL, March 23 (Korea Bizwire) — South Korea recorded its highest-ever number of trade dispute mediation cases in 2024, driven largely by a surge in conflicts involving online platforms, according to data released on Sunday by the Korea Fair Trade Mediation Agency (KFTMA). The agency reported receiving 4,041 mediation requests last year, marking a 16% increase [...]
SEOUL, March 24 (Korea Bizwire) — The Constitutional Court dismissed the impeachment of Prime Minister Han Duck-soo on Monday, reinstating him as acting president in the ongoing turmoil over suspended President Yoon Suk Yeol’s brief imposition of martial law. Han’s impeachment was dismissed in a 5-1 vote by the court’s eight justices. Two justices voted [...]
JEJU, South Korea, March 18 (Korea Bizwire) — In response to a recent uptick in crimes involving foreign nationals, the Jeju Provincial Police Agency has launched a sweeping 100-day public safety campaign aimed at strengthening oversight of the island’s visa-free entry system and curbing illegal activities. The initiative, led by Deputy Commissioner Jeong Seong-su, will run [...]
SEOUL, March 13 (Korea Bizwire) — The Constitutional Court on Thursday rejected a motion impeaching the chief state auditor over his alleged poor review of suspected irregularities surrounding the 2022 relocation of the presidential office and residence. The court dismissed the motion in a unanimous 8-0 vote, immediately returning Choe Jae-hae, chair of the Board [...]
SEOUL, March 12 (Korea Bizwire) — South Korean legal tech firm Law & Company announced that its AI-powered legal assistant, Super Lawyer, achieved a breakthrough performance in the 14th Korean Bar Examination, surpassing global AI models in accuracy. The company revealed on Wednesday that Super Lawyer recorded a 74% accuracy rate on the multiple-choice section, well [...]
SEOUL, March 11 (Korea Bizwire) — As the Constitutional Court prepares to deliver its ruling on President Yoon Suk-yeol’s impeachment, South Korean authorities are implementing stringent security measures to prevent potential acts of violence, including restrictions on firearm access and airspace controls. According to sources familiar with the matter, the National Police Agency is considering an [...]
SEOUL, March 11 (Korea Bizwire) — Police are reviewing whether to ban the release of firearms on the day of President Yoon Suk Yeol’s impeachment ruling over concerns about their use in a terrorist attack, officials said Tuesday. The National Police Agency is looking into instructing police stations nationwide to prohibit the discharge of guns [...]
SEOUL, March 11 (Korea Bizwire) — Acting President Choi Sang-mok on Tuesday pledged “zero tolerance” for any acts of violence as the Constitutional Court is set to deliver its ruling on whether to reinstate or remove impeached President Yoon Suk Yeol. The court is expected to announce its decision as early as this week, raising [...]
SEOUL, March 11 (Korea Bizwire) — As South Korea’s revised tax law imposes income tax on employee discounts starting in 2025, major corporations are stepping in to offset the financial impact on their workers. Samsung Electronics announced on March 10 through its internal Family Net platform that the company plans to cover the tax burden [...]
SEOUL, March 6 (Korea Bizwire) — South Korea will nominate Paik Jin-hyun, former president of the International Tribunal for the Law of the Sea (ITLOS), as a candidate for the election for judge of the International Court of Justice (ICJ), the foreign ministry said Thursday. Paik, an honorary professor at Seoul National University, will compete [...]