SEOUL, Nov. 22 (Korea Bizwire) – The government rolled out a comprehensive set of measures on Wednesday to tackle illegal drug trafficking and usage, with a particular emphasis on enhancing border inspections. The latest measures involve cracking down on drug smuggling, overseeing medical-purpose drugs more effectively, and expanding rehabilitation programs, according to the Office for [...]
SEOUL, Nov. 22 (Korea Bizwire) – South Korea’s military said Wednesday that Pyongyang’s purported military spy satellite is assessed to have entered into orbit, although more time is needed to determine whether it is operating properly. The Joint Chiefs of Staff (JCS) made the assessment after the North claimed to have successfully put the satellite [...]
SEOUL, Nov. 17 (Korea Bizwire) – Prosecutors demanded a five-year prison sentence for Samsung Electronics Co. Chairman Lee Jae-yong on Friday on charges of stock price rigging and accounting fraud connected to the controversial 2015 merger of two Samsung affiliates. Prosecutors also requested a fine of 500 million won (US$386,817) for Lee during the final [...]
SEOUL, Nov. 16 (Korea Bizwire) –The Anti-Corruption & Civil Rights Commission is considering revising the anti-corruption law to ease restrictions on the price of meals provided to public officials and some other professions, officials said Thursday. The Improper Solicitation and Graft Act, commonly known as the Kim Young-ran law, named after a former Supreme Court [...]
SEOUL, Nov. 14 (Korea Bizwire) – South Korea will continue to play a key role in supporting developing nations’ responses to climate challenges as the Green Climate Fund (GCF) marked the 10th anniversary of the foundation this year, Seoul’s finance ministry said Tuesday. Established in December 2013, the GCF has been the world’s largest climate [...]
SEOUL, Nov. 14 (Korea Bizwire) – The finance ministries of South Korea and China held an inaugural meeting on bilateral economic exchanges Tuesday to discuss ways to boost cooperation on various industrial and economic issues involving major private companies, officials said. The inaugural South Korea-China economic cooperation and exchange meeting was held in the Chinese [...]
SEOUL, Nov. 13 (Korea Bizwire) –South Korea’s spy agency said Monday it has identified 38 fake Korean-language news websites suspected of being operated by Chinese companies. Two Chinese public relations companies — Haimai and Haixun — have created fake Korean news websites, posting articles of local news outlets without consent and posing as members [...]
SEOUL, Nov. 10 (Korea Bizwire) – Two major umbrella unions plan to stage large-scale rallies in central Seoul this weekend, as police warned of stern measures against illegal acts in violation of the revised Assembly and Demonstration Act. The Korean Confederation of Trade Unions (KCTU), the biggest umbrella labor union in South Korea, along with [...]
SEOUL, Nov. 9 (Korea Bizwire) — The main opposition Democratic Party (DP) is expected to attempt to pass a pro-labor bill and three other contentious measures through the National Assembly starting Thursday, as the ruling People Power Party (PPP) has vowed to use a filibuster to block the attempt. The PPP has readied a roster [...]
SEOUL, Nov. 8 (Korea Bizwire) – The Ministry of Oceans and Fisheries announced a ban on the installation of new buoys made from Styrofoam (expanded polystyrene) at all aquaculture fishing grounds, starting from November 13. Styrofoam buoys have been recognized as a significant contributor to the issue of marine microplastics. The restriction on new Styrofoam [...]