SEOUL, July 22 (Korea Bizwire) — President Lee Jae Myung on Tuesday called on the government to ramp up efforts to boost domestic consumption alongside universal cash handouts, while also ensuring inflation is kept in check. Lee made the remarks during a Cabinet meeting as the government began issuing cash handouts, called “consumption coupons,” following [...]
SEOUL, July 21 (Korea Bizwire) — President Lee Jae Myung on Monday instructed government officials to swiftly designate flood-stricken regions as special disaster zones to bolster rescue and recovery efforts, and provide support to affected residents, his office said. Lee made the call during a visit to Sancheong County, located about 300 kilometers southeast of [...]
SEOUL, July 18 (Korea Bizwire) — Health Minister nominee Jeong Eun-kyeong vowed Friday to pursue medical reforms that can “gain support from both the people and the medical community” amid signs that the prolonged standoff between the government and junior doctors may soon be resolved. “I will push for people-centered medical reform measures that can [...]
SEOUL, July 18 (Korea Bizwire) — President Lee Jae Myung held meetings with Hyundai Motor Group Executive Chair Euisun Chung and LG Group Chairman Koo Kwang-mo and discussed business and trade issues, the presidential office said Friday. Lee hosted a dinner meeting with Chung on Monday and another dinner with Koo on Tuesday, presidential spokesperson [...]
SEOUL, July 17 (Korea Bizwire) — To mark the 80th anniversary of Korea’s liberation from Japanese colonial rule, the National Museum of Korea has unveiled a striking digital tribute to the Denny Taegeukgi—the oldest surviving version of the Korean national flag. The immersive one-minute video will be screened from July 17 at the museum’s outdoor [...]
SEOUL, July 17 (Korea Bizwire) – President Lee Jae Myung on Thursday instructed senior aides to review a plan to redesignate Constitution Day as a public holiday. Observed annually on July 17, Constitution Day had been a public holiday but was reclassified in 2008 as a commemorative day, meaning government offices and businesses no longer [...]
SEOUL, July 17 (Korea Bizwire) — President Lee Jae Myung has appointed Park Yong-maan, former chairman of the Korea Chamber of Commerce and Industry (KCCI), as the chief of a special delegation to the United States, the presidential office said Thursday Park, who also previously served as chairman of Doosan Group, will lead the delegation [...]
SEOUL, July 17 (Korea Bizwire) – The National Assembly on Thursday unveiled a monument in remembrance of parliament’s vote that blocked a martial law bid by ousted President Yoon Suk Yeol in December last year. Yoon, who is standing criminal trial on insurrection charges, declared an emergency martial law on Dec. 3 that shocked the [...]
SEOUL, July 17 (Korea Bizwire) — In commemoration of the 77th Constitution Day, South Korea’s National Assembly on Thursday unveiled a symbolic stone monument on the parliament lawn to mark the legislature’s swift vote to lift the state of martial law declared by former President Yoon Suk Yeol last December. The monument, inscribed with the [...]
SEOUL, July 17 (Korea Bizwire) — Industry Minister nominee Kim Jung-kwan on Thursday pledged to mobilize all available resources to boost exports and spur economic growth, while vowing to pursue “pragmatic” trade policies in response to the United States’ aggressive tariff scheme. Kim made the commitment during his parliamentary confirmation hearing, after being nominated as [...]