SEOUL, July 14 (Korea Bizwire) — In a narrow alleyway of Ttukdo Market, as a heatwave grips the city, 88-year-old Yoon loads bags of ice onto his scooter. For over five decades, he’s been running one of Seoul’s last remaining traditional ice shops — and now, he may be the very last. Once a thriving [...]
SEOUL, July 14 (Korea Bizwire) — In a move expected to accelerate the rollout of biosimilars — often referred to as a next-generation growth engine — South Korea’s drug regulator plans to streamline the approval process for these cost-effective biologic drugs beginning in 2026. According to pharmaceutical industry sources on Sunday, the Ministry of Food [...]
SEOUL, July 14 (Korea Bizwire) — A total of 72 sinkholes were reported across Seoul during the first half of 2025, underscoring growing concerns about the city’s aging underground infrastructure and prompting a major government response. According to data released Sunday by Seoul’s disaster and safety portal, Seoul Safer, sinkholes occurred at a rate of roughly [...]
MUAN, South Korea, July 14 (Korea Bizwire) — South Korea is pushing forward with legislation that would offer sweeping incentives — including deep electricity discounts and tax breaks — for companies operating in designated RE100 industrial zones powered entirely by renewable energy. The move is expected to significantly bolster efforts to attract major data center investments [...]
PARIS, July 13 (Korea Bizwire) — For generations, Mount Kumgang — or “Diamond Mountain” — has captivated the Korean imagination. Its jagged peaks, mist-covered valleys, and shimmering pools have inspired artists, poets, monks, and pilgrims alike. Now, this iconic landscape has earned a new distinction: a place on the UNESCO World Heritage list. At its 47th [...]
SEOUL, July 13 (Korea Bizwire) — President Lee Jae-myung on Sunday delivered a sweeping appeal to link economic equity with democratic resilience, warning that without tangible improvements to people’s lives, democracy could fall prey to authoritarian forces cloaked in the guise of economic growth. Speaking at the opening ceremony of the World Congress of Political [...]
CHUNCHEON, July 12 (Korea Bizwire) — A South Korean court has ruled in favor of Legoland Korea in a defamation lawsuit against cultural heritage activists who publicly accused the theme park of destroying historical sites and labeled it a “land of immorality.” The Chuncheon District Court on Friday ordered three leaders of separate cultural preservation [...]
SEOUL, July 11 (Korea Bizwire) — Special Prosecutor Min Joong-ki’s team investigating various allegations involving former first lady Kim Keon Hee said Friday that an allegedly fugitive man known as her business associate should immediately return from abroad and undergo investigation. The 48-year-old man, named Kim Ye-seong, who is often dubbed the butler of the [...]
WASHINGTON, July 11 (Korea Bizwire) — South Korea and the United States held talks this week in Seoul to discuss ways to “modernize” the bilateral alliance in a “mutually beneficial” manner and strengthen it into a “future-oriented” and “comprehensive strategic” one, the two sides said Friday. The consultations on Thursday and Friday came as U.S. [...]
KUALA LUMPUR, July 11 (Korea Bizwire) — South Korea on Friday called for unified efforts toward resolving North Korea’s nuclear issues, vowing to make progress to achieve lasting peace on the Korean Peninsula under the new government of President Lee Jae Myung. First Vice Foreign Minister Park Yoon-joo made the remarks during the foreign ministers’ [...]