DAEJEON, Nov. 21 (Korea Bizwire) – The ambitious plan to bring a Starbucks Reserve Roastery to a historic former government building in Daejeon has been scrapped, Mayor Lee Jang-woo announced during a city briefing on November 19. “We are discontinuing our pursuit of the Starbucks Reserve Roastery and will instead focus on restoring the former Daejeon [...]
SEOUL, Nov. 18 (Korea Bizwire) – South Korean lawmakers boast the highest level of academic credentials among parliamentarians worldwide, with more than one-third holding doctoral degrees, according to a recent academic study featured in The Economist on November 14. The comprehensive research, conducted by scholars from six institutions including Duke University, analyzed the educational backgrounds of [...]
SEOUL, Nov. 14 (Korea Bizwire) – “I live in shame in ruins.” With these stark words, 226 professors and researchers from Kyung Hee University and Kyung Hee Cyber University launched an unprecedented declaration on November 13, joining a growing chorus of academic voices criticizing President Yoon Seok-yeol’s administration. The declaration stands out among similar statements from [...]
SEOUL, Nov. 9 (Korea Bizwire) – South Korea and the United States have agreed to hold a new table-top exercise against space-based threats next year, Seoul’s defense ministry said Friday, amid efforts to bolster security cooperation in the increasingly important domain. Defense officials from the two countries agreed to stage the discussion-based exercise for the [...]
SEOUL, Nov. 6 (Korea Bizwire) – The government said Wednesday it will begin accepting applications for a newly introduced special visa category for global startup entrepreneurs this week. According to the Ministry of SMEs and Startups and the Ministry of Justice, the government will begin accepting applications Thursday for the Startup Korea Special Visa, or [...]
SEOUL, Nov. 6 (Korea Bizwire) – The government said Wednesday it will push to expand the scope of undercover investigations into deepfake sex crimes to include cases where the victims are adults. The Office for Government Policy Coordination unveiled the measure as part of a package of steps drawn up together with relevant ministries to [...]
SEOUL, Nov. 6 (Korea Bizwire) – The front-line deployment of North Korean troops in support of Russia’s war effort in Ukraine would pose significant risks that extend beyond the battlefield to impact the security environment on the Korean Peninsula, also marking a significant development since Russia’s full-scale invasion of Ukraine in 2022, analysts said. Concerns [...]
SEOUL, Nov. 3 (Korea Bizwire) – South Korea, the United States and Japan held combined air drills, involving at least one B-1B bomber, south of the Korean Peninsula on Sunday, the South’s military said, in a show of force after North Korea’s new intercontinental ballistic missile (ICBM) launch last week. The trilateral drills took place [...]
SEOUL, Nov. 2 (Korea Bizwire) – A South Korean government research institute has warned that if Donald Trump returns to the presidency and implements his proposed tariff policies, South Korea could see its exports decline by as much as $44.8 billion (61.7 trillion won). According to a report released on October 31 by the Korea Institute [...]
SEOUL, Oct. 31 (Korea Bizwire) – After nine rounds of negotiations spanning 100 days, delivery apps and restaurant owners remain deadlocked over commission rates, with positions still far apart at 9.8% versus 5%. The ninth meeting of the Delivery App Coexistence Council, held on October 30, stretched to nearly seven hours including breaks but failed to [...]