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President Names Chaebol Critic as New Chief of Market Watchdog

President Names Chaebol Critic as New Chief of Market Watchdog

SEOUL, May 18 (Korea Bizwire) – President Moon Jae-in on Wednesday tapped a well-known critic of large conglomerates as the new chief of the corporate watchdog Fair Trade Commission (FTC). Kim Sang-jo, a economics professor from Seoul’s Hansung University, has been nominated as the new head of the FTC, according to the presidential office Cheong Wa Dae. “He has been nominated as he is considered the right person to set the direction for a new relationship between larger and smaller businesses based [...]

S. Korea, China Moving toward Mending Ties Strained over THAAD: Experts

S. Korea, China Moving toward Mending Ties Strained over THAAD: Experts

SEOUL, May 17 (Korea Bizwire) — South Korea and China appear to be moving toward mending their strained ties over the installation of a U.S. missile defense system here as exchanges and contacts in diverse areas have apparently been gaining traction since the inauguration of liberal President Moon Jae-in, experts said Tuesday. The recently wrapped-up [...]

75 Percent of Citizens Express Positive Outlook on President Moon

75 Percent of Citizens Express Positive Outlook on President Moon

SEOUL, May 15 (Korea Bizwire) – Three in 4 adult South Korean citizens gave a positive outlook on President Moon Jae-in’s handling of state affairs, a survey showed Monday, reflecting high public support for the newly minted liberal leader.  In the survey conducted from Wednesday through Saturday by local pollster Realmeter, 74.8 percent of the [...]

Comfort Women Dispute Takes a New Turn with South Korea’s New President

Comfort Women Dispute Takes a New Turn with South Korea’s New President

SEOUL, May 12 (Korea Bizwire) – Courting North Korea’s dysfunctional leader Kim Jong-un, and soothing tensions over the THAAD missile system with China – a conflict expected to cost South Korea billions of dollars – are likely the most urgent diplomatic issues to be tackled by newly elected President Moon Jae-in.  But to its east, [...]

New First Lady Draws Keen Public Attention

New First Lady Draws Keen Public Attention

SEOUL, May 12 (Korea Bizwire) — Exuding confidence, motherly warmth and down-to-earthness, new first lady Kim Jung-sook has garnered as much public attention as her husband Moon Jae-in who scored a resounding victory in Tuesday’s presidential election. Waving and giving a thumbs up to Moon’s well-wishers and other citizens, a beaming Kim has been alongside [...]

Incoming President to Bring Abandoned Dog and Cat to Blue House

Incoming President to Bring Abandoned Dog and Cat to Blue House

SEOUL, May 11 (Korea Bizwire) – Now that South Korea’s newly elected president Moon Jae-in has been sworn into office, public attention is turning to whether his pets – rescued dog Maru and cat Jjingjjingi – will accompany him to the Blue House as the very first First Dog from a shelter and First Cat in [...]

President Moon Emphasizes Interaction With Public, to Relocate Office to Gwanghwamun

President Moon Emphasizes Interaction With Public, to Relocate Office to Gwanghwamun

SEOUL, May 11 (Korea Bizwire) – President Moon Jae-in on Wednesday promised to begin what he calls a “Gwanghwamun Presidency.”  Gwanghwamun Square in central Seoul was the main stage for the candlelight protests demanding President’s Park Geun-hye’s resignation (or impeachment), gathering millions of Koreans from across the country.  But even before the mass rallies, the area [...]

Moon Likely to Seek Policy Continuity in Economy

Moon Likely to Seek Policy Continuity in Economy

SEOUL, May 11 (Korea Bizwire) – Global rating agency Moody’s Investors Service said Wednesday that South Korea’s new President Moon Jae-in is likely to pursue continuity in economic and fiscal policies. Steffen Dyck, senior credit officer at Moody’s, said there might be a  shift in focus in sme structural reform areas, such as labor markets and social security. “We expect that [...]