SEOUL, June 27 (Korea Bizwire) — The military has restored all of the 11 guard posts inside the Demilitarized Zone (DMZ) separating the two Koreas that had been dismantled under a 2018 inter-Korean military tension reduction pact, an opposition lawmaker said Friday. The 19.6 billion-won (US$14.4 million) project to restore the guard posts concluded last [...]
INCHEON, June 27 (Korea Bizwire) — Police on Friday apprehended six American citizens who attempted to release plastic bottles containing rice, one dollar bills and the Bible into the sea near a restricted border area in an effort to send them to North Korea, officials said. The U.S. nationals in their 20s to 50s allegedly [...]
SEOUL, June 27 (Korea Bizwire) — The special counsel investigating former President Yoon Suk Yeol’s martial law bid insisted Friday that he appear for questioning this weekend through the main entrance, not via the underground parking. Park Ji-young, a deputy to Special Prosecutor Cho Eun-suk, told reporters Yoon has repeatedly delivered his intention to use [...]
SEOUL, June 27 (Korea Bizwire) – President Lee Jae Myung on Friday stressed the importance of national security and vowed extraordinary compensation and honor for those who sacrificed themselves to protect the nation and its people. Lee made the remarks during a luncheon with veterans, bereaved family members and representatives of veterans’ organizations, held just [...]
SEOUL, June 27 (Korea Bizwire) — An envisioned summit between South Korean and Central Asian leaders has been postponed to 2026, a senior Seoul diplomat said Friday, citing the political fallout in South Korea following the failed martial law attempt by ousted former President Yoon Suk Yeol. First Vice Foreign Minister Park Yoon-joo confirmed the [...]
SEOUL, June 27 (Korea Bizwire) — South Korean soldiers prefer empathetic superiors, while military officers favor leaders with strong organizational skills, according to a new personality-based survey released by Kookbang Ilbo (The Defense Daily) on Thursday. The survey, conducted between May 28 and June 13 via the military’s internal intranet system, gathered responses from 3,445 [...]
SEOUL, June 27 (Korea Bizwire) — The average South Korean worker earned 3.97 million won ($2,870) in April this year, working 165.5 hours for the month, according to new data released by the Ministry of Employment and Labor on Thursday. While wages rose modestly, the outlook for core industries like manufacturing and construction continues to darken [...]
SEOUL, June 26 (Korea Bizwire) — President Lee Jae Myung on Thursday nominated a former Supreme Court justice as the new chief of the Constitutional Court, the presidential office said. Former Supreme Court Justice Kim Sang-hwan was picked to replace then acting court chief Moon Hyung-bae, who retired in April. Lee also tapped Oh Young-joon, [...]
SEOUL, June 26 (Korea Bizwire) — The government convened a consultative meeting with the private sector Thursday to discuss the development of quantum technology amid an intensifying global race to secure a future game changer across economic and security domains, the finance ministry said. The consultative body, led by the Ministry of Economy and Finance, [...]
SEOUL, June 26 (Korea Bizwire) — The Supreme Court is set to deliver the final verdict on Samsung Electronics Co. Chairman Lee Jae-yong next month, as he was acquitted in both the first and second trials on charges related to a 2015 merger case, sources said Thursday. The ruling, scheduled for July 17, comes four [...]