SEOUL, May 1 (Korea Bizwire) — Acting President Han Duck-soo resigned Thursday, indicating he would run for the June 3 presidential election. Han announced his decision in an address to the nation, ending weeks of speculation over whether he would enter the election triggered by the impeachment of his former boss — former President Yoon [...]
CHANGWON, May 1 (Korea Bizwire) — A long-standing dispute over plans to install a cable car in Jirisan National Park has resurfaced as South Korea prepares for an early presidential election, with local governments pushing forward while environmental groups intensify opposition. South Gyeongsang Province recently reaffirmed its support for the controversial project, naming it one [...]
SEOUL, May 1 (Korea Bizwire) — HD Hyundai Heavy Industries Co. and Hanwha Ocean Co., South Korea’s leading shipbuilders, have pledged to strengthen cooperation with the United States in naval shipbuilding and maintenance during a visit by a top U.S. Navy official this week, according to the companies Thursday. U.S. Secretary of the Navy John [...]
SEOUL, May 1 (Korea Bizwire) — Lee Jae-myung, the presidential candidate for South Korea’s main opposition Democratic Party, has unveiled a sweeping set of labor policy proposals, vowing to support companies that adopt a 4.5-day workweek and gradually shift the nation toward a four-day workweek system. In a statement released via Facebook on April 30, [...]
SEOUL, April 30 (Korea Bizwire) — Finance Minister Choi Sang-mok said Wednesday that South Korea is not hurrying to conclude trade negotiations with the United States ahead of its upcoming presidential election, noting that recent remarks by U.S. Treasury Secretary Scott Bessent were not specifically directed at Seoul. His comments came after Bessent on Tuesday [...]
SEOUL, April 27 (Korea Bizwire) — The U.S. military is considering the permanent deployment of advanced F-35A radar-evading fighter jets to South Korea, a source said Sunday. The deployment, if realized, would mark a major addition to U.S. air assets in South Korea, which consist mostly of older-generation F-16 fighter jets. F-35s have previously only [...]
SEOUL, April 27 (Korea Bizwire) — Lee Jae-myung’s story begins not in a seat of power, but on a factory floor. As a boy in Seongnam, he inhaled toxic fumes while laboring in industrial plants, lost his sense of smell, and suffered a permanent arm injury — all to help his family scrape by. Now, with [...]
SEOUL, April 24 (Korea Bizwire) — One in three South Korean women have experienced physical or sexual violence at least once during their lifetime, a government survey showed Thursday. The gender ministry said the survey conducted in-person on 7,027 female adults nationwide from September to November last year showed that 36.1 percent of women had [...]
SEOUL, April 21 (Korea Bizwire) — The People Power Party (PPP) on Monday kicked off the first round of its primary to shortlist four potential candidates for the June presidential election. The PPP will conduct public opinion polls on eight contenders by Tuesday, as the election will be held on June 3 after former President [...]
SEOUL, April 20 (Korea Bizwire) — The Seoul Metropolitan Government is moving forward with plans to construct a floating office complex on the Hangang River, a bold project intended to blend innovation, urban aesthetics, and waterfront development. According to city officials on Sunday, the proposal will undergo a formal investment review in the second half [...]