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WTO Petition Against US Tariffs Offers Little Comfort to South Korean Companies

WTO Petition Against US Tariffs Offers Little Comfort to South Korean Companies

SEOUL, Jan. 26 (Korea Bizwire) — The South Korean government’s plan to file a WTO petition against U.S. safeguard measures is unlikely to buoy the spirits of local exporters, as previous cases have proven ineffective. Following the U.S. government’s decision to impose anti-dumping duties on South Korean washing machines and solar panels, the South Korean [...]

Public Approves Joint Entrance with N. Korea, Opposes Unified Ice Hockey Team

Public Approves Joint Entrance with N. Korea, Opposes Unified Ice Hockey Team

SEOUL, Jan. 25 (Korea Bizwire) — More than half of South Koreans support the two Koreas marching together at the opening ceremonies of the PyeongChang Olympics, but many still oppose the idea of a unified ice hockey team, a new survey has found. According to survey findings released by the Korean Council for Reconciliation and Cooperation [...]

S. Korea, China Agree to Expand Car Ferry Operations

S. Korea, China Agree to Expand Car Ferry Operations

SEJONG, Jan. 19 (Korea Bizwire) – South Korea and China have agreed to expand car ferry operations between the two nations to cope with growing demand for maritime shipping and travel, Seoul’s oceans ministry said Friday. The Ministry of Oceans and Fisheries said the agreement was reached in a meeting of senior maritime officials in the southern Chinese city of [...]

Cryptocurrency Policy Advisor Made Millions Before Government Announced Regulations

Cryptocurrency Policy Advisor Made Millions Before Government Announced Regulations

SEOUL, Jan. 19 (Korea Bizwire) – A South Korean cryptocurrency policy advisor who has made over 10 million won via investment in cryptocurrencies is being accused of using inside information for personal gain. A member of the Financial Supervisory Service, whose name remains anonymous, enjoyed a profit margin of over 50 percent after selling his cryptocurrency [...]

Ministry of Education Reconsiders English Education Ban in Preschools

Ministry of Education Reconsiders English Education Ban in Preschools

SEOUL, Jan. 17 (Korea Bizwire) — The Ministry of Education has backtracked on an English education ban in preschools following mounting criticism. The education ministry has withdrawn its decision to ban after-school English classes in nursery schools only three weeks after the announcement, with the proposed ban now up in the air. Though new standards for [...]

FSS Head Under Fire for Anti-Cryptocurrency Stance

FSS Head Under Fire for Anti-Cryptocurrency Stance

SEOUL, Jan. 11 (Korea Bizwire) – The governor of the Financial Supervisory Service, Choi Heung-sik, is facing resignation calls from investors over his anti-cryptocurrency viewpoint. The FSS has found itself in hot water after threatening to ban all cryptocurrency transactions in South Korea, as frustrated protestors took to the official website of the presidential Blue House [...]

Google Under Fire for Referring to Wartime Sex Slave as ‘Prostitute’

Google Under Fire for Referring to Wartime Sex Slave as ‘Prostitute’

SEOUL, Jan. 8 (Korea Bizwire) – U.S. tech giant Google Inc. came under fire Monday Monday for describing a victim of Japan’s sexual slavery during World War II as a “prostitute” in its Korean-based search engine, which the firm claims was caused by an “error” in its algorithm. Earlier Monday, Google’s search engine described the late Moon Ok-ju, an activist and [...]

Government’s Zero Irregular Workers Plan Enjoys First Success

Government’s Zero Irregular Workers Plan Enjoys First Success

SEOUL, Dec. 28 (Korea Bizwire) – The government’s ‘zero irregular workers’ initiative has come to fruition for the first time, as the Incheon International Airport Corporation has decided to give 30 percent of its irregular workers permanent employment status. The Moon administration’s push to expand the number of regular workers in the public sector has enjoyed [...]