SEOUL, Dec. 18 (Korea Bizwire) — South Korea’s ruling Democratic Party said Thursday it would push for a joint parliamentary hearing involving multiple standing committees to investigate a massive data breach at e-commerce giant Coupang, stepping up pressure after the company’s founder repeatedly failed to appear before lawmakers. Kim Hyun-jung, a spokesperson for the Democratic Party’s [...]
SEOUL, Dec. 18 (Korea Bizwire) — The Supreme Court said Thursday it would install a dedicated tribunal to handle charges of insurrection, treason and mutiny amid the ruling party’s push to create a special bench for insurrection cases stemming from former President Yoon Suk Yeol’s failed imposition of martial law. The announcement comes as the [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Korean lawmakers sharply criticized Coupang on Wednesday during a National Assembly hearing on the company’s massive personal data leak, condemning the absence of founder Bom Kim and accusing the e-commerce giant of showing contempt for Korean consumers and regulators. Members of both ruling and opposition parties denounced Kim, the [...]
SEOUL, Dec. 17 (Korea Bizwire) — The United Nations Command (UNC) on Wednesday sharply reiterated that it holds exclusive authority over civilian and military access to the southern side of the Demilitarized Zone (DMZ), citing the terms of the 1953 armistice. The unusually direct statement came as South Korea’s National Assembly advances legislation that would allow [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea and the United Kingdom signed an upgraded free trade agreement aimed at easing rules of origin for Korean exporters and expanding access to Britain’s high-speed rail and digital services markets, Seoul’s trade ministry said Tuesday. The deal, signed in London by Korean Trade Minister Yeo Han-koo and [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korean lawmakers on Monday advanced a bill that would sharply increase financial penalties for companies responsible for major personal data breaches, amid rising public anger over a series of high-profile leaks. The bill, approved by the National Assembly’s Political Affairs Committee subpanel, would raise the maximum fine for [...]
SEOUL, Dec. 12 (Korea Bizwire) — A proposal that would grant the South Korean government authority over civilian access to the Demilitarized Zone — long controlled by the United Nations Command — is facing resistance from key ministries in Seoul and from the U.S.-led command itself. Lawmakers from the governing Democratic Party introduced the bill [...]
SEOUL, Dec. 9 (Korea Bizwire) — The presidential office reaffirmed Tuesday that South Korea’s easternmost islets of Dokdo are unequivocally South Korean territory, rejecting Japanese Prime Minister Sanae Takaichi’s renewed claim over the islets in the East Sea. A senior presidential official dismissed Takaichi’s remarks during a parliamentary session earlier in the day, reasserting that [...]
SEOUL, Dec. 6 (Korea Bizwire) — Both the United States and China have quietly omitted references to the “denuclearization of the Korean Peninsula” from major national security documents released in recent weeks, raising speculation over whether the two most influential actors in nuclear diplomacy with Pyongyang are recalibrating their approach. The omission in Washington was notable. [...]
SEOUL, Dec. 6 (Korea Bizwire) — A sweeping shift in American national security priorities — from reasserting influence in the Western Hemisphere to elevating Taiwan’s defense and omitting North Korea’s denuclearization — is prompting fresh debate in Seoul over what the changes signal for South Korea’s security role in Asia. The White House on Thursday [...]