SEOUL, Oct. 2 (Korea Bizwire) — Prime Minister Lee Nak-yon ordered government officials Tuesday to sternly tackle the spread of fake news that he said is disturbing democracy in the name of free speech. At a Cabinet meeting, Lee raised the need to hold accountable those who produce fake news and spread it intentionally. “(Fake [...]
SEOUL, Oct. 2 (Korea Bizwire) — Overseas resource development projects exceeding 100 billion won (US$89.96 million) will be put through rigorous pre-assessment, a step meant to avoid indiscriminate investment and financial losses, officials said Tuesday. Bills approved by the Cabinet stipulate that such high-cost projects by the Korea National Oil Corp. (KNOC), in which state [...]
SEOUL, Sept. 26 (Korea Bizwire) – Immigration officials in the Philippines took more than 20 South Koreans living on the island into custody for questioning before and during the Chuseok weekend, creating a stir in the Korean community. According to the Korean Embassy in the Philippines, the nation’s Bureau of Immigration hauled in 21 [...]
SEOUL, Sept. 25 (Korea Bizwire) –U.S. President Donald Trump’s daughter and adviser, Ivanka, has been invited to visit South Korea a second time to promote the two countries’ ties, a U.S. spokesperson said Monday. The invitation was extended by South Korean Foreign Minister Kang Kyung-wha, who, along with Ivanka Trump, is currently attending the United [...]
SEOUL, Sept. 24 (Korea Bizwire) — The total sum of damages in terms of principal and interest paid out by the government to various victims has soared this year to three times the average paid over the last five years. According to data that was submitted by the Ministry of Justice to lawmaker Joo [...]
SEOUL, Sept. 20 (Korea Bizwire) – Moon Chung-in, the Special Advisor to South Korean President Moon Jae-in for Foreign Affairs and National Security, said yesterday that North Korean leader Kim Jong-un’s promise to visit Seoul was a single-handed decision made by Kim. Speaking at a briefing held at the press center at Pyongyang’s Koryo Hotel, [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korean citizens hailed President Moon Jae-in’s visit to Pyongyang on Tuesday, pinning hopes for progress in nuclear talks and inter-Korean reconciliation on the planned summit between Moon and North Korean leader Kim Jong-un. Many citizens were glued to a television in the waiting area of Seoul Station at [...]
SEOUL, Sept. 17 (Korea Bizwire) — Lee Jae-yong, the Vice Chairman of Samsung Electronics, was one of the top corporate leaders to be included on the list of people invited to the inter-Korean summit to be held in Pyongyang. On a list released by the Blue House yesterday, the nation’s leading business leaders including Chey [...]
SEOUL, Sept. 17 (Korea Bizwire) — South Korean President Moon Jae-in is set to embark on a trip to North Korea this week for his third and possibly most crucial meeting with North Korean leader Kim Jong-un. Moon will head for Pyongyang on Tuesday, using a direct flight across the heavily-fortified inter-Korean border. The inter-Korean [...]
SEOUL, Aug. 29 (Korea Bizwire) — The head of the National Intelligence Service stated yesterday that the ultimate goal of denuclearizing North Korea would involve removing all of its nuclear weapons. According to lawmakers Kim Min-gi of the Democratic Party of Korea and Lee Eun-jae of the Liberty Korea Party, Suh Hoon, the current director [...]