SEOUL, Aug. 19 (Korea Bizwire) — An air-raid siren will be sounded on Wednesday, restricting people’s outdoor movement as part of a nationwide civil defense drill this week, officials said Tuesday. The 20-minute drill, slated for 2 p.m. Wednesday, will include civil evacuation training and traffic restrictions in an air raid attack scenario, according to [...]
SEOUL, Aug. 18 (Korea Bizwire) – The presidential office on Monday called for support measures to mitigate the impact from U.S. tariffs on small and medium-sized businesses amid rising trade uncertainties for Korean exporters. Presidential chief of staff Kang Hoon-sik made the call at a senior aides’ meeting, citing sluggish exports of automobiles, steel and [...]
SEOUL, Aug. 18 (Korea Bizwire) — Former Justice Minister Cho Kuk, who was released from prison under a presidential pardon last week, said Monday he will apply to rejoin a minor opposition party, signaling that he would run for next year’s local elections. The pardon by President Lee Jae Myung restored Cho’s eligibility to run [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s major business groups on Monday called for the parliament to reflect local companies’ voices in the controversial “yellow envelope bill,” which seeks to broaden workers’ rights. “The business community has continuously emphasized the need for sufficient coordination between employers and workers, as the new bill could create [...]
South Korea Moves to Codify ‘Equal Pay for Equal Work’ by 2025, Amid Hurdles to Implementation SEOUL, Aug. 17 (Korea Bizwire) — The South Korean government is set to codify the principle of “equal pay for equal work” into the Labor Standards Act by the end of this year, aiming to implement the policy as [...]
SEOUL, Aug. 15 (Korea Bizwire) – President Lee Jae Myung on Friday received letters of appointment from 80 selected individuals in a symbolic ceremony marking his election victory, pledging to carry out their mandates for a better country. The special event, dubbed the “People’s Mandate Ceremony,” was held on the 80th anniversary of Liberation Day, [...]
SEOUL, Aug. 15 (Korea Bizwire) — President Lee Jae Myung on Friday hosted a dinner with members of the diplomatic corps, seeking their support ahead of his meetings with foreign leaders during South Korea’s hosting of this year’s Asia-Pacific Economic Cooperation (APEC) summit and other upcoming diplomatic engagements. The dinner, held at the former presidential [...]
SEOUL, Aug. 14 (Korea Bizwire) — President Lee Jae Myung on Thursday vowed to address long-standing grievances of Korean women forced into sexual slavery for the old Japanese army during World War II, saying that he would spare no efforts to restore the victims’ “honor and dignity.” According to historians, up to 200,000 women, mostly [...]
SEOUL, Aug. 14 (Korea Bizwire) — The nominee to head the country’s antitrust watchdog, the Fair Trade Commission, pledged Thursday to make every effort to create a fair and healthy market environment. Ju Biung-ghi, an economics professor at Seoul National University, made the remarks upon arriving at the office of his confirmation hearing preparation team, [...]
SEOUL, Aug. 14 (Korea Bizwire) — The South Korean government will create an interagency task force to support a shipbuilding partnership with the United States, a project officials say could open new markets for Korean shipyards while aiding the revival of America’s own maritime industry. Industry Minister Kim Jung-kwan announced the plan on Thursday during [...]