SEOUL, July 11 (Korea Bizwire) — The United States has made South Korea’s participation in its containment policy against China a prerequisite for bilateral cooperation in the shipbuilding sector, one of the key items in the two countries’ ongoing trade negotiations, a Seoul official said Friday. “The shipbuilding industry is one of the most notable [...]
KUALA LUMPUR, July 11 (Korea Bizwire) — South Korea, the United States and Japan reaffirmed Friday their “resolute” commitment to the complete denuclearization of North Korea, as they held their first high-level diplomatic talks since the launch of the Lee Jae Myung government. The 40-minute talks took place among First Vice Foreign Minister Park Yoon-joo, [...]
SEOUL, July 11 (Korea Bizwire) — A new study by South Korea’s National Institute of Forest Science has found a clear link between urban forest coverage and lower surface temperatures during summer months, reinforcing the role of green spaces in mitigating urban heat. Using Landsat satellite imagery, researchers analyzed the average land surface temperature and [...]
SEOUL, July 11 (Korea Bizwire) — English football star Jesse Lingard, currently playing for K League 1 club FC Seoul, has had his salary account partially frozen due to a legal dispute with his former agent over unpaid fees, according to sources in both the football and legal communities. The Seoul Western District Court approved [...]
SEOUL, July 11 (Korea Bizwire) — The government will launch a debt restructuring scheme for individuals in October as part of efforts to reduce or ease their payment burdens, the country’s financial regulator said Friday. The so-called bad bank, a debt restructuring vehicle, will be sized at 800 billion won (US$581 million), around half of [...]
SEOUL, July 11 (Korea Bizwire) — President Lee Jae Myung has tapped a lawmaker of the ruling Democratic Party as land minister and the head of a travel platform as culture minister, the presidential office said Friday, completing the nomination of all 19 members of his first Cabinet. Rep. Kim Yun-duk of the ruling Democratic [...]
SEOUL, July 11 (Korea Bizwire) — Arrested former President Yoon Suk Yeol failed to appear Friday for questioning by a special counsel over his attempt to impose martial law. Yoon’s lawyers said in a notice to the press that officials from the Seoul Detention Center, where Yoon has been in custody since his arrest early [...]
SEOUL, July 11 (Korea Bizwire) — In a moving tribute to mark the 75th anniversary of the Korean War and the 72nd anniversary of the South Korea–U.S. alliance, a group of South Korean students visited American war veterans in the western United States to express their gratitude through letters, ceremonies, and performances. The event, titled [...]
SEOUL, July 11 (Korea Bizwire) — For the first time in eight years, South Korea’s National Park Service has confirmed a sighting of the Musan least weasel, one of the world’s smallest carnivorous mammals and a critically endangered species. The elusive animal, known for its speed and stealth, was captured on camera on June 26, [...]
DAEGU, July 11 (Korea Bizwire) — As South Korea moves to phase out the dog meat trade, vendors at Chilseong Dog Market in Daegu’s Buk-gu district are voicing frustration over what they describe as insufficient government compensation for closing or converting their businesses. On July 10, just days before the start of Chobok—a traditional day [...]