SEOUL, June 24 (Korea Bizwire) — The commander of Poland’s Air Force, General Ireneusz Nowak, is visiting South Korea this week to deepen defense cooperation and evaluate the country’s next-generation KF-21 Boramae supersonic fighter jet. General Nowak met with South Korean Air Force Chief of Staff Lee Young-soo on Tuesday at the Air Force headquarters [...]
SEOUL, June 24 (Korea Bizwire) — As South Korea moves to tighten emissions standards for new buildings, including private apartments starting later this month, policymakers are looking to timber-based construction as a viable path toward carbon neutrality in the housing sector. A new report from the Korea Land and Housing Corporation (LH) underscores the urgency [...]
SEOUL, June 23 (Korea Bizwire) — Forty-five South Koreans, including one with U.S. nationality, have escaped Israel and safely arrived in neighboring Egypt, amid heightening tensions from the armed conflict between Israel and Iran, Seoul’s foreign ministry said Monday. They passed through the border via a land route on Monday afternoon (local time) by a [...]
SEOUL, June 23 (Yonhap) — Former first lady Kim Keon Hee defied prosecutors’ summons Monday over allegations of stock price manipulation and interference with the election nomination process, officials said. A special investigation unit under the prosecution had requested Kim, the wife of ousted President Yoon Suk Yeol, to appear for questioning as a suspect, [...]
SEOUL, June 23 (Korea Bizwire) — President Lee Jae Myung on Monday instructed the presidential office and all ministries to be put under an emergency response system in order to address heightened tensions in the Middle East following U.S. strikes on Iran’s nuclear sites. In his first meeting with senior presidential aides since taking office, [...]
SEOUL, June 23 (Korea Bizwire) — South Korean grocery delivery platform Oasis Corp. said Monday it has acquired full ownership of e-commerce platform TMON after a court approved its rehabilitation plan, which included the acquisition proposal. TMON filed for court receivership in July last year following widespread delays in payments to vendors using its platform. [...]
SEOUL, June 23 (Korea Bizwire) — The state-run Korea National Oil Corp. (KNOC) said Monday it is closely monitoring the global oil supply and preparing for the possible release of oil reserves following reports that Iran is pushing to close the Strait of Hormuz. “We began 24-hour monitoring of changes in international oil prices and [...]
SEOUL, June 23 (Korea Bizwire) — Naver Cloud Corp., the cloud service affiliate of IT giant Naver Corp., said Monday it has signed an agreement with the city of Izumo in southern Japan to introduce its artificial intelligence (AI) phone chatbot service, CLOVA CareCall. Under the agreement, Naver Cloud will work with the city of [...]
SEOUL, June 23 (Korea Bizwire) — South Korea’s Ministry of Employment and Labor announced Saturday that it will accept applications for new employment permits for foreign workers from July 7 to 18 through local labor offices nationwide, as part of the country’s third-round quota for 2025. A total of 18,054 foreign workers will be newly authorized [...]
SEOUL, June 22 (Korea Bizwire) — In an era where diplomacy increasingly plays out in digital spaces, South Korean President Lee Jae-myung is reshaping how leaders connect with the world—one tweet at a time. Earlier this week, before departing for the G7 Summit in Canada, President Lee instructed his staff to publish his social media [...]