SEOUL, May 21 (Korea Bizwire) — Lee Jae-myung, presidential candidate of the Democratic Party of Korea, has pledged to overhaul the nation’s animal welfare framework by introducing a Basic Animal Welfare Act and establishing a National Animal Welfare Promotion Agency, aiming to consolidate currently fragmented government responsibilities related to animals. In a policy statement released via [...]
SEOUL, May 21 (Korea Bizwire) — Two Taiwanese nationals arrested by police last week for illegally filming U.S. military aircraft and facilities in South Korea have been transferred to the prosecution for a possible indictment, police said Wednesday. The suspects — one in his 40s and the other in his 60s — are accused of [...]
SEOUL, May 21 (Korea Bizwire) – The Navy said Wednesday it will host a biennial international maritime defense exhibition in the southeastern city of Busan next week. The four-day International Maritime Defense Industry Exhibition will kick off next Wednesday at the Busan Exhibition and Convention Center in the port city, about 320 kilometers southeast of [...]
SEOUL, May 21 (Korea Bizwire) — Celltrion Inc., a leading South Korean biopharmaceutical company, said Wednesday it expects limited impact from recent U.S. policy developments stemming from a drug pricing executive order signed by President Donald Trump. Last week, Trump announced an executive order introducing a most-favored nation (MFN) pricing model, intended to align U.S. [...]
SEOUL, May 21 (Korea Bizwire) — Subway trains in Seoul will begin running from 5 a.m. starting August, bringing forward their starting time by 30 minutes to help facilitate commutes for early workers, the Seoul metropolitan government said Wednesday. Previously, early commuters were required to take intracity buses to get to work, but the new [...]
SEOUL, May 21 (Korea Bizwire) — Senior South Korean and U.S. defense officials met this week to discuss efforts to expand cooperation in maintenance, repair and overhaul (MRO) projects of military equipment to aircraft and tanks, Seoul’s defense procurement agency said Wednesday. Defense Acquisition Program Administration (DAPA) Minister Seok Jong-gun held talks with Vic Ramdass, [...]
SEOUL, May 21 (Korea Bizwire) — Roughly 230,000 foreign nationals worked in South Korea’s construction industry in 2024, accounting for 14.7% of the sector’s total workforce, according to a new report released Tuesday by the Construction Workers Mutual Aid Association. Of these, over 83% were ethnic Korean Chinese, or Joseonjok, highlighting their dominant role in [...]
SEOUL, May 20 (Korea Bizwire) — Two senior prosecutors who have faced criticism for allegedly mishandling a probe into former first lady Kim Keon Hee over her alleged involvement in a stock price manipulation scheme have offered to resign, judiciary sources said Tuesday. Lee Chang-soo, chief of the Seoul Central District Prosecutors Office, and Cho [...]
SEOUL, May 20 (Korea Bizwire) — South Korea and the European Union (EU) agreed Tuesday on the need to boost cooperation in responding to growing cyberthreats worldwide, including North Korea’s cryptocurrency theft, to ensure a safe and open cyberspace order, Seoul’s foreign ministry said. The two sides shared the understanding during their bilateral policy dialogue [...]
SEOUL, May 20 (Korea Bizwire) — South Korea’s automobile exports to the United States fell sharply in April 2025, as new U.S. tariffs and a temporary slowdown in electric vehicle demand took a toll on the country’s largest export market for cars. According to data released Tuesday by the Ministry of Trade, Industry and Energy, [...]