SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s presidential artificial intelligence (AI) committee said Monday it will launch a task force to advance AI cooperation with the United Arab Emirates (UAE). The task force will be headed jointly by the presidential secretary for AI policy and future planning, and vice chairman of the Korea Chamber [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s president, Lee Jae Myung, has taken the unusual step of sending personal letters of consolation to more than 300 Korean workers who were swept up in a weeklong immigration raid this fall at a Hyundai–LG joint battery plant in Georgia. The gesture, announced Monday, is at once [...]
SEOUL, Nov. 24 (Korea Bizwire) — Despite a global economic downturn and a 14 percent cut to next year’s official development assistance budget, South Korea has pledged US$100 million to the Global Fund to Fight AIDS, Tuberculosis and Malaria—matching its previous commitment and strengthening its standing in international health governance. The announcement was made Friday at [...]
SADO ISLAND, Japan/SEOUL, Nov. 21 (Korea Bizwire) – South Korea held a memorial ceremony in Japan on Friday to honor Koreans forced into labor at a gold and silver mine complex during World War II, the second year it has held its own event apart from Japan’s official ceremony. Seoul decided to not attend this [...]
CAIRO, Nov. 20 (Korea Bizwire) – President Lee Jae Myung on Thursday held summit talks with Egyptian President Abdel Fattah El-Sisi and agreed to work together to promote peace on the Korean Peninsula and in the Middle East while strengthening economic and defense industry cooperation. The summit in Cairo took place during Lee’s official visit [...]
CAIRO & SEOUL, Nov. 20 (Korea Bizwire) – President Lee Jae-myung, on a state visit to Egypt, appealed Thursday for deeper cooperation between Seoul and Cairo, invoking what he described as striking historical parallels in the two nations’ struggles for peace and independence. In a keynote address at Cairo University, Lee said that although South Korea [...]
SEOUL, Nov. 20 (Korea Bizwire) — South Korea’s Ministry of the Interior and Safety said Thursday it will launch a special task force to quickly complete an internal investigation into ministry officials who allegedly participated in or aided the Dec. 3 martial law attempt, as the government moves to restore public trust and reinforce constitutional norms. [...]
SEOUL, Nov. 20 (Korea Bizwire) – An advisory committee of the Korea Heritage Service (KHS) expressed strong concerns on Thursday over the Seoul Metropolitan Government’s plan to build high-rise buildings near the historic Jongmyo Shrine. The Cultural Heritage Committee under the KHS criticized the city’s development plan for the Sewun 4 District, located across from [...]
ABU DHABI & SEOUL, Nov. 19 (Korea Bizwire) — On a warm November morning in the Emirati capital, President Lee Jae-myung arrived at a polished conference hall filled with Korean and Emirati business executives, all seated beneath a chandelier of cascading glass. But it was the future — not the décor — that commanded [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea has secured a decisive victory in its protracted legal war with Lone Star Funds, closing a contentious chapter that has shaped the country’s financial and political landscape for more than two decades. The U.S. private equity firm—long criticized in Korea as a predatory “vulture fund”—first entered the market [...]