DAEJEON, South Korea, June 12 (Korea Bizwire) — A surge of green algae in Daejeon’s three main rivers — the Gapcheon, Yudeungcheon, and Daejeoncheon — has sparked criticism from environmental groups, who argue the bloom is a direct result of large-scale dredging operations carried out in recent years. In a joint statement released Wednesday, the Green [...]
SEOUL, June 10 (Korea Bizwire) — President Lee Jae-myung has appointed vice ministers of finance, foreign affairs and industry as well as the country’s top trade negotiator, the presidential office said Tuesday. Lee Hyoung-il, commissioner of Statistics Korea, has been named first vice finance minister, while Lim Ki-keun, administrator of the Public Procurement Service, was [...]
SEOUL, June 9 (Korea Bizwire) – President Lee Jae-myung on Monday instructed his aides to swiftly prepare an extra budget to support the economic recovery and spur private consumption, the presidential office said. Lee made the call during the second meeting of the emergency economy task force with presidential aides and government officials. “He instructed [...]
SEOUL, June 9 (Korea Bizwire) — President Lee Jae-myung is expected to meet with top business leaders and heads of major economic organizations later this week, ahead of his participation in the Group of Seven (G7) summit in Canada, industry sources said Monday. According to the sources, the presidential office is arranging the meeting for [...]
SEOUL, June 9 (Korea Bizwire) — Just days into his presidency, Lee Jae-myung is facing a cautiously optimistic public. According to a new Realmeter survey released Monday, nearly 6 in 10 South Koreans believe the newly inaugurated leader will perform well in managing state affairs. Yet the number reflects a more tempered confidence compared to [...]
SEOUL, June 9 (Korea Bizwire) — As South Korea concludes its 21st presidential election, the country is now contending with the environmental aftermath: a staggering amount of waste generated by campaign materials, including brochures, posters, and banners. According to the National Election Commission (NEC) on June 8, over 580 million sheets of election brochures were distributed [...]
SEOUL, June 8 (Korea Bizwire) — A South Korean appeals court has ruled in favor of a 107-year-old victim of Japan’s wartime forced labor, ordering Mitsubishi Heavy Industries to pay compensation nearly 80 years after the abuse occurred. The civil appeals division of the Seoul Central District Court overturned a 2022 lower court decision that had [...]
SEOUL, June 6 (Korea Bizwire) — Political uncertainty in South Korea has eased sharply following the June 3 presidential election, returning to levels not seen since before last year’s state of emergency declaration, according to data released by the Bank of Korea. The central bank reported that the nation’s Political Uncertainty Index stood at 1.5 [...]
SEOUL, June 6 (Korea Bizwire) — President Lee Jae-myung and first lady Kim Hye-kyung paid their visit to a traditional market in Seoul on Friday, shortly after attending the 70th Memorial Day ceremony. Lee and Kim greeted small merchants at the market in Dongjak Ward, where the Memorial Day ceremony was held at Seoul National [...]
SEOUL, June 6 (Korea Bizwire) — President Lee Jae-myung on Friday appointed a former vice finance minister, Kim Yong-beom, as his presidential chief of staff for policy, the presidential office said. Kim had served in various capacities at the finance ministry and the financial regulator since entering public service in 1987. Kang Hoon-sik, Lee’s chief [...]