SEOUL, INCHEON & BEIJING, March 18 (Korea Bizwire) — A standoff between South Korean and Chinese maritime authorities has erupted in the West Sea’s Provisional Measure Zone (PMZ) near Ieodo, after South Korea attempted to investigate an unauthorized steel structure installed by China. According to government sources, on February 26, South Korea dispatched the Onnuri, a [...]
JEJU, South Korea, March 18 (Korea Bizwire) — In response to a recent uptick in crimes involving foreign nationals, the Jeju Provincial Police Agency has launched a sweeping 100-day public safety campaign aimed at strengthening oversight of the island’s visa-free entry system and curbing illegal activities. The initiative, led by Deputy Commissioner Jeong Seong-su, will run [...]
SEOUL, March 13 (Korea Bizwire) — The Constitutional Court on Thursday rejected a motion impeaching the chief state auditor over his alleged poor review of suspected irregularities surrounding the 2022 relocation of the presidential office and residence. The court dismissed the motion in a unanimous 8-0 vote, immediately returning Choe Jae-hae, chair of the Board [...]
SEJONG, March 12 (Korea Bizwire) — While South Korean lawmakers from both ruling and opposition parties have agreed to eliminate inheritance taxes between spouses, a new analysis reveals that the tax benefits would primarily affect those with assets exceeding 7 billion won. According to an analysis by real estate tax calculation service Sellymmon, commissioned by Yonhap [...]
SEOUL, March 11 (Korea Bizwire) — As the Constitutional Court prepares to deliver its ruling on President Yoon Suk-yeol’s impeachment, South Korean authorities are implementing stringent security measures to prevent potential acts of violence, including restrictions on firearm access and airspace controls. According to sources familiar with the matter, the National Police Agency is considering an [...]
SEOUL, March 11 (Korea Bizwire) — Police are reviewing whether to ban the release of firearms on the day of President Yoon Suk Yeol’s impeachment ruling over concerns about their use in a terrorist attack, officials said Tuesday. The National Police Agency is looking into instructing police stations nationwide to prohibit the discharge of guns [...]
SEOUL, March 11 (Korea Bizwire) — Acting President Choi Sang-mok on Tuesday pledged “zero tolerance” for any acts of violence as the Constitutional Court is set to deliver its ruling on whether to reinstate or remove impeached President Yoon Suk Yeol. The court is expected to announce its decision as early as this week, raising [...]
WASHINGTON, March 10 (Korea Bizwire) – A White House official reiterated the United States’ commitment to the “complete” denuclearization of North Korea on Monday, after Pyongyang fired multiple ballistic missiles in its first known launch since U.S. President Donald Trump took office in January. “We’re aware of the missile launches and refer you to U.S. [...]
SEOUL, March 4 (Korea Bizwire) — U.S. President Donald Trump has abruptly suspended all military aid to Ukraine, escalating tensions with Kyiv and raising broader concerns among allies who depend on American security and economic support. According to Bloomberg News on March 3, Trump ordered an immediate halt to U.S. military assistance to Ukraine, including shipments [...]
SEOUL, March 3 (Korea Bizwire) — About two dozen students, alumni and others gathered at Ewha Womans University in Seoul last week, denouncing the National Assembly’s impeachment of President Yoon Suk Yeol as “invalid,” only to encounter another group of students holding an in-school rally calling for Yoon’s ouster at the same time. The encounter [...]