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Discussions on Corporate Profit Sharing Heat Up amid Pandemic-driven Economic Polarization

Discussions on Corporate Profit Sharing Heat Up amid Pandemic-driven Economic Polarization

SEOUL, Jan. 18 (Korea Bizwire) — The ruling Democratic Party (DP) has set out to find ways to get lucrative companies to share some of their profits with small businesses vulnerable to losses amid the coronavirus pandemic, but it is facing vehement objection from the business community and opposition lawmakers. Last week, a DP task [...]

Diluted Draft Bill on Workplace Disasters Draws Criticism on Effectivity

Diluted Draft Bill on Workplace Disasters Draws Criticism on Effectivity

SEOUL, Jan. 7 (Korea Bizwire) — A landmark legislation bill aimed at preventing serious workplace disasters has been stripped of many of its initial stipulations as it underwent parliamentary review, sparking criticism from the labor circle on the legislation’s effectivity. The draft of what is simply known as the severe disaster law advanced through the [...]

Public Sharply Divided over Pardons for Two Ex-presidents in Jail

Public Sharply Divided over Pardons for Two Ex-presidents in Jail

SEOUL, Jan. 6 (Korea Bizwire) — South Koreans were almost evenly divided on the idea of granting pardons to two former presidents currently in prison for corruption charges, a hotly debated topic recently brought up by the ruling party chief, a survey showed Wednesday. In a one-day survey by Realmeter conducted on 500 voters nationwide [...]

Aboard New Bullet Train, Moon Unveils S. Korea’s Rail-driven Growth Vision

Aboard New Bullet Train, Moon Unveils S. Korea’s Rail-driven Growth Vision

SEOUL, Jan. 4 (Korea Bizwire) — President Moon Jae-in said Monday that South Korea aims to become a railway infrastructure powerhouse, as he took a trial ride on the nation’s landmark bullet train, designed to cut carbon emissions, in his first on-site activity of 2021. He traveled between two local cities — Wonju in Gangwon [...]

Main Opposition Leader Apologizes for Two Ex-presidents’ Corruption Convictions

Main Opposition Leader Apologizes for Two Ex-presidents’ Corruption Convictions

SEOUL, Dec. 15 (Korea Bizwire) — The interim leader of the main opposition People Power Party (PPP) offered an official apology Tuesday for two former presidents affiliated with the conservative party, who were convicted of corruption. Kim Chong-in made the public apology during a press conference at the National Assembly, holding the party accountable for [...]

Presidential Library Discloses Letters Exchanged by Kim Dae-jung, Joe Biden

Presidential Library Discloses Letters Exchanged by Kim Dae-jung, Joe Biden

SEOUL, Nov. 9 (Korea Bizwire) — The Kim Dae-jung Presidential Library and Museum in Seoul on Monday disclosed letters sent between late former President Kim and U.S. President-elect Joe Biden during Kim’s struggle to achieve South Korea’s democracy in the early 1980s. The two letters were disclosed for the first time by the presidential museum [...]

National Assembly Members Scramble to Raise Funds

National Assembly Members Scramble to Raise Funds

SEOUL, Nov. 3 (Korea Bizwire) — Representatives at the National Assembly are scrambling to collect donations to prepare for next year’s activities. This year, district representatives can collect up to 300 million won (US$265,500) while proportional representatives can collect up to 150 million won. Members of the ruling Democratic Party are speeding up efforts to [...]