SEOUL, June 30 (Korea Bizwire) — Elderly drivers were responsible for over one in five traffic accidents in South Korea last year, a record high that has reignited debate over delayed safety reforms ahead of the first anniversary of a deadly wrong-way driving incident in central Seoul. According to new data from the Korea Road Traffic [...]
SEOUL, June 30 (Korea Bizwire) — As the clock ticks down to a critical trade deadline, South Korea is turning to its citizens, industry experts, and policy stakeholders for input before it finalizes its negotiation stance in upcoming tariff talks with the United States. On Monday, the Ministry of Trade, Industry and Energy held a [...]
SEOUL, June 30 (Korea Bizwire) — North Korea has informed the U.S.-led U.N. Command (UNC) of its plans to build fortifications inside the border between the two Koreas, Seoul’s defense ministry said Monday, marking the first notification of its kind in more than six months. The North notified the multinational command tasked with monitoring inter-Korean [...]
SEOUL, June 30 (Korea Bizwire) — The Bank of Korea (BOK) has put the second phase of its central bank digital currency (CBDC) pilot program on hold, signaling mounting pressure from commercial banks and a shifting digital finance landscape increasingly shaped by stablecoin developments. The abrupt pause, disclosed in a virtual meeting with participating banks [...]
SEOUL, June 30 (Korea Bizwire) — A new survey shows that South Korean workers overwhelmingly view irregular employment as the most urgent labor issue the Lee Jae-myung administration must address. According to results released Sunday by online labor advocacy group Workplace Gapjil 119, nearly four in ten salaried workers (38.8%) cited the country’s widespread use [...]
SEOUL, June 30 (Korea Bizwire) — Telegram, once known as a haven for anonymity and untraceable messaging, is now actively cooperating with South Korean law enforcement, signaling a significant turnaround in the platform’s stance on privacy and criminal investigations. According to the National Police Agency, Telegram has responded to over 95% of investigative data requests [...]
SEOUL, June 28 (Korea Bizwire) — South Korea’s information and communications technology (ICT) sector is increasingly embracing the four-day workweek, as President Lee Jae-myung’s campaign pledge to reduce working hours without cutting wages begins to materialize in practice. Tech companies with high salaries and flexible work cultures are leading the shift, signaling a potential turning [...]
SEOUL, June 28 (Korea Bizwire) — A South Korean internet user who left offensive comments under a news article about the nation’s first pregnant same-sex couple has avoided criminal punishment after reaching a settlement with the victims. According to legal sources, the Cheonan branch of the Daejeon District Court dismissed the criminal case against the commenter, [...]
SEOUL, June 27 (Korea Bizwire) – South Korea’s auto parts sector is bracing for intensified export headwinds as the United States signals a possible expansion of its 25% import tariffs on vehicle components, deepening concerns in an industry already grappling with high trade barriers. On June 24, the U.S. Department of Commerce’s International Trade Administration [...]
SEOUL, June 27 (Korea Bizwire) — Second Vice Foreign Minister Kim Ji-na will attend an international conference on development financing in Spain next week, the foreign ministry said Friday. The fourth International Conference of Financing Development is set to take place in Seville, Spain, from next Monday through Thursday (local time), bringing together high-level representatives [...]