SEOUL, June 16 (Korea Bizwire) – The antitrust regulator said Monday it has launched an investigation into the Korea Egg Producers Association (KEPA) over allegations that the group played a leading role in driving up egg prices. According to the Fair Trade Commission (FTC), investigators were dispatched to the association’s offices to look into suspicions [...]
SEOUL, June 16 (Korea Bizwire) — The Korea Trade-Investment Promotion Agency, better known as KOTRA, said Monday it has launched a seminar in Malaysia to support South Korean companies in making local investments and joining global semiconductor supply chains. KOTRA is co-hosting the two-day event in Kuala Lumpur starting Monday in collaboration with the Ministry [...]
SEOUL, June 16 (Korea Bizwire) — South Korea’s Hanwha Systems Co. has partnered with U.S. defense giant Northrop Grumman Corp. to jointly develop multilayered air defense systems, industry sources said Monday. According to the sources, Hanwha Systems has recently signed a memorandum of understanding (MOU) for joint projects in air defense systems with the U.S. [...]
SEOUL, June 16 (Korea Bizwire) — Police plan to dispatch mobile units to border areas to prevent activists from sending anti-North Korea leaflets across the border, the unification ministry said Monday after a pan-government meeting to discuss ways to curb “illegal” leaflet campaigns. The move came as President Lee Jae-myung ordered measures Saturday to prevent [...]
SEOUL, June 16 (Korea Bizwire) — A South Korea-developed carbon emissions map system will be introduced in Uzbekistan as part of an urban planning pilot project supported by the Asian Development Bank (ADB), Seoul’s land ministry said Monday. The system, supported by the ministry’s research and development program, was developed by Seoul-based geographic information system [...]
SEOUL, June 16 (Korea Bizwire) — A growing number of South Korean workers believe the legal minimum wage should be extended to cover gig workers, freelancers, and those in special employment arrangements, reflecting mounting concern over the widening protections gap in the evolving labor market. According to a survey released Sunday by the labor rights group [...]
SEOUL, June 16 (Korea Bizwire) — The Seoul Metropolitan Government announced new measures on Sunday to enhance oversight of real estate transactions involving foreign nationals, aiming to address rising concerns over transparency, market disruption, and perceived unequal treatment of domestic buyers. As foreign ownership of property in South Korea increases, Seoul officials plan to scrutinize sources [...]
SEOUL, June 16 (Korea Bizwire) — In an escalating effort to combat the rise of clandestine drug trafficking, South Korean police announced plans to equip narcotics units with industrial endoscope cameras to locate drugs hidden in hard-to-access spaces. The new tools, which will be distributed later this year to 71 drug investigation teams across 18 metropolitan [...]
SEOUL, June 16 (Korea Bizwire) — After completing a successful safety trial, Seoul will expand its late-night autonomous taxi service to cover all of the Gangnam district starting June 16, city officials announced Sunday. The program, launched in September 2024 as South Korea’s first public self-driving taxi pilot, currently operates between select neighborhoods such as Yeoksam, [...]
SEOUL, June 16 (Korea Bizwire) — South Korea is intensifying efforts to secure global leadership in artificial intelligence by investing ₩300 billion (approximately $220 million) over the next five years to recruit 400 elite postdoctoral researchers in AI convergence fields. Announced on Sunday by the Ministry of Science and ICT and the country’s four premier science [...]