SEOUL, Jan. 29 (Korea Bizwire) — President Lee Jae Myung on Thursday called for a rapid strengthening of South Korea’s social safety net, warning that the accelerating spread of artificial intelligence is already unsettling workers and deepening anxieties about the future of jobs. Speaking at a meeting with senior aides at the presidential office, Lee said [...]
SEOUL, Jan. 28 (Korea Bizwire) – President Lee Jae Myung on Wednesday proposed the idea of imposing a “sugar levy” to help curb sugar intake and bolster public health care funding, citing a similar levy on tobacco. Lee made the remark on X, formerly Twitter, as he posted a news article citing a survey that [...]
SEOUL, Jan. 27 (Korea Bizwire) — The South Korean government has received a letter from the United States raising concerns over Seoul’s push to tighten digital regulations, officials said Tuesday, as questions grow over whether the issue has become entangled in a widening trade dispute between the two allies. The letter, sent about two weeks ago [...]
BEIJING, Jan. 27 (Korea Bizwire) – China’s foreign ministry said Tuesday that work is in progress to remove part of the steel structures built in the overlapping waters of the Yellow Sea with South Korea. A Chinese company is carrying out the work related to removing the management platform, an autonomous operation in progress led [...]
SEOUL, Jan. 27 (Korea Bizwire) – The South Korean government said Tuesday that it had received a formal letter from the United States urging swift implementation of a bilateral tariff agreement, a move that comes as President Donald Trump signaled a tougher trade stance toward one of Washington’s closest Asian allies. The confirmation followed Mr. [...]
WASHINGTON, Jan. 24 (Korea Bizwire) – A newly released U.S. defense strategy is signaling a subtle but consequential shift in Washington’s approach to the Korean Peninsula, raising the prospect of changes to the American military footprint in South Korea and placing new expectations on Seoul to assume greater responsibility for its own defense as the [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korea on Friday rejected claims by U.S.-based investors in Coupang that the government had targeted the e-commerce giant, calling their use of remarks by Prime Minister Kim Min-seok in a planned international arbitration case a “deliberate distortion.” The Office for Government Policy Coordination said an arbitration notice submitted [...]
SEOUL, Jan. 22 (Korea Bizwire) — Two major U.S. investment firms backing Coupang have asked the United States government to investigate what they describe as discriminatory treatment by South Korean authorities, raising the prospect that a domestic regulatory dispute could escalate into a bilateral trade issue. Reuters reported Thursay that Green Oaks Capital and Altimeter Capital [...]
SEOUL, Jan. 22 (Korea Bizwire) — President Lee Jae-myung on Wednesday pledged a sweeping crackdown on what he described as entrenched ties between religious groups and political power, calling such practices “a path toward national ruin” and signaling possible expansion of ongoing investigations. Speaking at a New Year press conference, Mr. Lee warned against the organized [...]
SEOUL, Jan. 20 (Korea Bizwire) — The South Korean government has formally designated the 2024 knife attack on President Lee Jae-myung as the country’s first officially recognized act of terrorism, a decision that is expected to trigger a sweeping reinvestigation into the incident and the authorities’ initial response. The designation was approved Tuesday at a meeting [...]