SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s National Assembly has approved amendments to the Trade Union and Labor Relations Adjustment Act, known as the Yellow Envelope Law, granting subcontracted and platform workers broader bargaining rights and restricting corporate claims for damages against unions. The law, passed on August 24, will take effect after a [...]
SEOUL, Aug. 24 (Korea Bizwire) — Nearly a decade after it was first proposed, South Korea’s National Assembly on Sunday passed the so-called Yellow Envelope Law, a landmark revision to the Trade Union and Labor Relations Adjustment Act that limits companies’ ability to claim damages against striking workers and strengthens protections for subcontracted labor. The legislation, [...]
SEOUL, Aug. 22 (Korea Bizwire) — The new Lee Jae Myung administration aims to integrate private firms and the public sector, as well as all other sectors of society, with artificial intelligence (AI) to achieve what it calls a “super-innovation economy,” the government said Friday. Unveiling its five-year economic development blueprint, the government said private [...]
SEOUL, Aug. 21 (Korea Bizwire) — President Lee Jae Myung on Thursday called for thorough preparations to protect the people as he presided over a meeting on the final day of an annual civil defense exercise, the presidential office said. The Ulchi civil defense exercise has been under way since Monday for a four-day run, [...]
PAJU, Aug. 20 (Korea Bizwire) — A 95-year-old former long-term prisoner of war, An Hak-seop, attempted on Wednesday to cross into North Korea through Panmunjom but was stopped by South Korean military authorities at the Tongil Bridge checkpoint. An, who has long identified as a “non-converted” prisoner for refusing to renounce allegiance to the North, traveled [...]
SEOUL, Aug. 20 (Korea Bizwire) — President Lee Jae Myung has met with a group of creatives behind the smash-hit Netflix animated film “KPop Demon Hunters” and pledged to cultivate South Korea’s cultural sector into one of the country’s core industries. Appearing on Arirang TV’s prerecorded program “K-Pop: The Next Chapter” aired Wednesday, Lee sat [...]
SEOUL, Aug. 20 (Korea Bizwire) — South Korea’s semiconductor industry was rattled Wednesday by reports that Washington is considering acquiring equity stakes in foreign chipmakers building plants in the United States, including Samsung Electronics and Taiwan’s TSMC. The idea surfaced as the U.S. government explores converting subsidies provided under the CHIPS and Science Act into [...]
SEJONG, Aug. 20 (Korea Bizwire) — South Korea’s greenhouse gas emissions dropped below 700 million tons last year for the first time in nearly 15 years, driven by a shift from coal to nuclear and renewable energy. The Ministry of Environment’s Greenhouse Gas Inventory and Research Center reported Wednesday that national emissions reached 691.6 million [...]
SEOUL, Aug. 19 (Korea Bizwire) – Prime Minister Kim Min-seok said Tuesday that South Korea will continue to send “complex” messages to North Korea aimed at fostering peace while safeguarding security, although Pyongyang has shown little interest in engaging in dialogue with Seoul. Kim made the remarks during his first press conference since taking office [...]
SEOUL, Aug. 19 (Korea Bizwire) — Prime Minister Kim Min-seok said Tuesday that he will meet with Bill Gates during the chair of the Gates Foundation’s visit to South Korea later this week. Kim announced the plan at a press conference when asked about the possibility of such a meeting, but gave no further details. [...]