SEOUL, Dec. 18 (Korea Bizwire) — The government on Wednesday unveiled a series of measures to stimulate corporate investment in key industries, aiming to address concerns that recent political turmoil could have long-term negative effects on the economy. The plan was introduced during a meeting chaired by Finance Minister Choi Sang-mok and attended by other economy-related ministers, [...]
SEOUL, Dec. 17 (Korea Bizwire) — South Korea faces tough challenges in advancing its alliance with the United States amid a political crisis from President Yoon Suk Yeol’s martial law decree earlier this month, with less than a month to go before U.S. President-elect Donald Trump’s second term begins. Following last week’s parliamentary vote to [...]
WASHINGTON, Dec. 16 (Korea Bizwire) — The South Korea-U.S. alliance is not just between the two countries’ presidents, but one between their governments and between their people, a State Department spokesperson said Monday, stressing that there is no “diminution” in the bilateral partnership in the wake of President Yoon Suk Yeol’s impeachment. Matthew Miller, the [...]
SEOUL, Dec. 17 (Korea Bizwire) – South Korea’s Democratic Party is advancing a wave of legislative proposals aimed at preventing the misuse of martial law, following the recent political turmoil that culminated in President Yoon Suk-yeol’s impeachment. Dubbed the “Seoul Spring Laws,” these measures seek to impose stricter controls on the declaration of martial law [...]
SEOUL, Dec. 16 (Korea Bizwire) – K-pop fandom, primarily composed of women in their 20s and 30s, has emerged as a defining force in South Korea’s protest culture, blending activism with the hallmarks of fan culture. The recent impeachment of President Yoon Suk-yeol highlighted this unique phenomenon, with protests resembling the energy and organization of [...]
SEOUL, Dec. 16 (Korea Bizwire) – Following the impeachment of President Yoon Suk-yeol on December 14, the streets around Seoul’s National Assembly Station were crowded with citizens clutching special edition newspapers. These publications, known as “hoewae” in Korean, are rare, emergency editions issued to mark significant events. Headlines such as “Citizens Win,” “President Yoon Impeached,” and [...]
SEOUL, Dec. 16 (Korea Bizwire) – A flood of satirical memes has swept across South Korean social media in the days between President Yoon Suk Yeol’s declaration of martial law on December 3 and his impeachment by the National Assembly on December 14. Following the impeachment vote, online communities circulated a photoshopped image of North Korean leader [...]
SEOUL, Dec. 16 (Korea Bizwire) – South Korea’s Ministry of Unification announced on December 16 a shift in its approach to anti-North Korea leaflet campaigns, emphasizing the need to prioritize national security and the safety of its citizens. The ministry requested that private organizations exercise restraint in distributing propaganda leaflets, signaling a departure from its previous [...]
SEOUL, Dec. 16 (Korea Bizwire) – President Yoon Suk Yeol’s ambitious industrial agenda, including a focus on nuclear energy, offshore gas development, and semiconductor industry support, faces potential setbacks following his impeachment by the National Assembly on December 14. Industry experts warn that any weakening of government semiconductor support could cause South Korea to miss a crucial [...]
SEOUL, Dec. 16 (Korea Bizwire) — The joint investigation unit into the martial law turmoil said Monday it will ask President Yoon Suk Yeol to appear for questioning this week over his failed attempt to impose the decree earlier this month. The joint team between the police, the Corruption Investigation Office for High-ranking Officials (CIO) [...]