SEOUL, Aug. 3 (Korea Bizwire) — “Jeonse” (long-term deposit rental system) versus “weolse” (monthly rent). That has emerged as the hottest topic in local political circles since new laws intended to protect tenants from landlords and excessive rent increases went into effect at the end of July. Jeonse refers to a unique Korean system in [...]
SEOUL, July 28 (Korea Bizwire) — The foreign ministry said Tuesday that international courtesy for foreign leaders should be taken into consideration, after local media reported on a pair of bronze statues at a local botanical garden of a man bowing on his knees before a wartime sexual slavery victim. The statues sparked controversy, as [...]
SEOUL, July 24 (Korea Bizwire) — The ruling Democratic Party (DP) has been stepping up efforts to renew a more than decade-old plan to relocate South Korea’s administrative capital to Sejong, south of Seoul, in the face of strong protests from opposition lawmakers. During a party meeting on Thursday, DP floor leader Kim Tae-nyeon expressed [...]
SEOUL, July 13 (Korea Bizwire) — Friends, family and supporters gathered in pouring rain Monday to say their final goodbyes to Seoul Mayor Park Won-soon, a prominent human rights lawyer and civic activist who was regarded as a potential candidate for the next presidential race. The funeral was also livestreamed online as a precaution against [...]
SEOUL, July 12 (Korea Bizwire) — While South Koreans are in shock and grief over the abrupt death of Seoul Mayor Park Won-soon last week, the political community here seems to be split over the formalities of publicly mourning it. The controversy is largely because he apparently took his own life in the face of [...]
SEOUL, July 10 (Korea Bizwire) — The Seoul city government said Friday it plans to hold a mayoral funeral for Park Won-soon and run on a contingency plan for the time being following the abrupt death of the liberal heavyweight and three-term mayor. Park, 64, was found dead in the woods of Mount Bugak near [...]
SEOUL, July 10 (Korea Bizwire) — Seoul Mayor and presidential hopeful Park Won-soon was found dead at a Seoul mountain on Friday, hours after his family reported him missing, police said. A police search team found his body in the forested hills of Mount Bugak near his official residence, one minute after midnight. He is [...]
SEOUL, July 8 (Korea Bizwire) — Politicians and high-rank government officials owning more than one house are coming under growing pressure to dispose of properties as the government is preparing steps to hike tax burdens for owners of multiple homes in efforts to curb soaring housing prices. Housing prices have continued to surge in many [...]
SEOUL, July 3 (Korea Bizwire) — When Shin Han-yong crossed the inter-Korean border into the North Korean city of Kaesong in 2018, he thought the opening of an inter-Korean liaison office could eventually lead to the resumption of a joint factory park. The liaison office in the western border city was a follow-up on an [...]
SEOUL, June 22 (Korea Bizwire) — The office of President Moon Jae-in on Monday strongly criticized former White House National Security Adviser John Bolton for his “distorted” account of what happened in brisk summit diplomacy last year involving the leaders of the United States and the two Koreas. Chung Eui-yong, director of national security at [...]