SEOUL, Aug. 29 (Korea Bizwire) — South Korea’s top court on Thursday ordered a lower court to reconsider its suspended jail sentence for Samsung heir Lee Jae-yong in a massive bribery scandal that led to the ouster of former President Park Geun-hye. The de facto leader of the country’s top conglomerate was initially sentenced to [...]
SEOUL, Aug. 29 (Korea Bizwire) — Japan should try to resolve a deepening row with South Korea by returning to its previous acknowledgement that individual claims to damages for wartime forced labor were not fully addressed by the 1965 normalization treaty between the two countries, a former Japanese leader said Thursday. Former Prime Minister Yukio [...]
SEOUL, Aug. 26 (Korea Bizwire) – In a symbolic move to show the government’s determination to help foster South Korea’s parts and materials production industry against Japan’s export restrictions, President Moon Jae-in on Monday invested 50 million won (US$41,135) in a relevant stock fund. He visited the headquarters of NH Nonghyup Bank in Seoul and subscribed [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korea on Sunday commemorated the death of former liberal President Kim Dae-jung 10 years ago, as the nation remembers his dedication to democracy and efforts to improve ties with North Korea and Japan. Political leaders, government officials and other citizens, including National Assembly Speaker Moon Hee-sang and Prime [...]
SEOUL, Aug. 16 (Korea Bizwire) — An official ceremony to commemorate the death of former President Kim Dae-jung 10 years ago will be held in Seoul on Sunday, organizers said. The Kim Dae Jung Peace Center said on Friday about 2,000 people are expected to participate in the event starting at 10 a.m. at the [...]
SEOUL, Aug. 13 (Korea Bizwire) — South Korea will actively seek ways to deal with Japan’s planned discharge of water contaminated as a result of the 2011 Fukushima nuclear power plant meltdown, Seoul’s foreign ministry said Tuesday, amid concern storage space will soon run out. The treatment of radioactive water stored in tanks in Fukushima [...]
SEOUL, Aug. 13 (Korea Bizwire) — Two conservative lawmakers in South Korea lashed out at U.S. President Donald Trump on Tuesday for his recent remarks that appeared to ridicule its key Asian ally and disparage the joint military drills between the two countries. At a fundraising event on Friday, Trump reportedly boasted of his success [...]
SEOUL, Aug. 11 (Korea Bizwire) — Hundreds of protesters, including teenage students, held a protest in Seoul on Saturday criticizing Japanese Prime Minister Shinzo Abe for an “economic war” against South Korea and calling for Seoul’s withdrawal from a military information-sharing pact with Japan. Despite sweltering heat, the demonstrators gathered in front of the Japanese [...]
SEOUL, Aug. 9 (Korea Bizwire) — Former KT Corp. Chairman Lee Seok-chae and other management staff at the company were reportedly the ones who pushed for the illicit hiring of the family members of VIPs despite strong opposition within the company. According to the testimonies made at the Seoul Southern District Court, working-level staff at [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea is considering carrying out a combined maritime defense drill on and around its easternmost islets of Dokdo as early as this month, military and government sources said Sunday. The military exercise, if conducted, would come amid an escalating row with Japan over shared history that has spilled [...]