WASHINGTON, May 22 (Korea Bizwire) – The United States’ reported consideration of a U.S. Forces Korea (USFK) troop drawdown is raising eyebrows in South Korea as the reduction, if realized, could affect deterrence against a muscle-flexing North Korea and be construed as a sign of a diminished security commitment to South Korea. President Donald Trump’s [...]
SEOUL, May 23 (Korea Bizwire) — South Korea’s Hanwha Group said Friday it will participate in CANSEC 2025, Canada’s largest defense trade show, to showcase a comprehensive suite of advanced defense solutions aimed at strengthening Canada’s sovereign capabilities. At the two-day exhibition to open in Ottawa on Wednesday, Hanwha plans to showcase its cutting-edge land [...]
SEOUL, May 23, 2025 (Korea Bizwire) – For the first time, the number of construction engineers aged 60 and older in South Korea has surpassed those in their 40s, signaling an accelerating demographic shift in the country’s construction sector. According to a report released Thursday by the Korea Construction Policy Institute, as of February 2025, 277,432 [...]
JEJU, May 22 (Korea Bizwire) – Jeju Island is ramping up efforts to position itself as a global hub for digital nomads, unveiling a strategic initiative to attract remote workers and foster regional innovation. The initiative will be explored in depth at a dedicated session during the upcoming 20th Jeju Forum for Peace and Prosperity, scheduled [...]
SEOUL, May 22 (Korea Bizwire) — A group of Polish soldiers have undergone training in South Korea to operate the Chunmoo rocket artillery after Warsaw’s recent purchase of the weapons system, the Army said Thursday. The two-week program kicked off at a training field in Paju, about 30 kilometers northwest of Seoul, last Thursday, involving [...]
SEOUL, May 22, 2025 (Korea Bizwire) — A new report warns that South Korea’s manufacturing sector remains disproportionately dependent on foreign demand—particularly from the United States and China—raising concerns about economic vulnerability amid ongoing global trade tensions. According to data released Wednesday by the Korea Employers Federation (KEF), 58.4% of South Korea’s manufacturing GDP in [...]
SEOUL, May 22, 2025 (Korea Bizwire) — Asiana Airlines is facing mounting criticism and potential legal action over plans to offer unequal severance packages to employees affected by the company’s upcoming sale of its cargo division to Air Incheon, scheduled for July. According to industry sources, Asiana recently notified staff that domestic employees in its [...]
SEOUL, May 21 (Korea Bizwire) – A Seoul court on Wednesday rejected an arrest warrant for a reporter accused of writing a false article on the apprehension of 99 Chinese spies during former President Yoon Suk Yeol’s imposition of martial law. The Seoul Central District Court said it rejected the warrant for the reporter, surnamed [...]
SEOUL, May 21 (Korea Bizwire) — The conservative People Power Party (PPP) apologized Wednesday for the past actions of former first lady Kim Keon Hee, saying it will become more transparent about the personal affairs of a president’s wife. Rep. Kim Yong-tae, the PPP’s interim leader, made the apology in a press conference at the [...]
LEIPZIG, Germany, May 21 (Korea Bizwire) — Top transport officials from member nations of the Organization for Economic Cooperation and Development (OECD), including South Korea, gathered in Germany on Wednesday to discuss measures to improve the resilience of the transport sector amid challenges involving global trade tensions and climate change. The three-day 2025 International Transport [...]