SEOUL, May 15 (Korea Bizwire) — Democratic Party (DP) candidate Lee Jae-myung held a campaign rally in South Jeolla Province on Thursday, while People Power Party (PPP) candidate Kim Moon-soo apologized for the failed martial law bid by former President Yoon Suk Yeol, with less than three weeks to go before the presidential election. Lee, [...]
SEOUL, May 15 (Korea Bizwire) — South Korea expressed hope Thursday that U.S. President Donald Trump’s announcement on a plan to lift sanctions on Syria will serve as a turning point in efforts toward promoting stability and economic growth in the Arab nation. The foreign ministry made the statement after Trump said he would lift [...]
SEOUL, May 15 (Korea Bizwire) — Celltrion Inc., a leading South Korean biopharmaceutical company, said Thursday its business will remain largely unaffected by U.S. President Donald Trump’s executive order aimed at lowering drug prices to match those in other countries. The order seeks to address a drug pricing system in which the United States pays [...]
SEOUL, May 15 (Korea Bizwire) — South Korea’s top military officer inspected naval units and the submarine command Thursday, urging firm naval readiness to deter any provocations by North Korea, the Joint Chiefs of Staff (JCS) said. JCS Chairman Adm. Kim Myung-soo made the call as he boarded the ROKS Jeongjo the Great destroyer and [...]
JEJU, South Korea, May 15 (Korea Bizwire) — South Korean Trade Minister Cheong In-kyo met with U.S. Trade Representative (USTR) Jamieson Greer on Thursday to discuss tariff and other trade issues on the sidelines of a trade ministers’ meeting of the Asia-Pacific Economic Cooperation (APEC), Seoul’s industry ministry said. Cheong and Greer held a one-on-one [...]
SEOUL, May 15 (Korea Bizwire) — The country’s financial watchdog said Thursday that it will prod financial firms to manage their incentive systems in a proper and reasonable manner. The Financial Supervisory Service (FSS) said incentive systems can carry risks if not properly managed, which also can hurt financial institutions’ soundness as well as the [...]
ULSAN, May 15 (Korea Bizwire) — The South Korean Navy is exploring new frontiers in modern warfare by testing civilian drones and uncrewed surface vessels (USVs) for potential military applications during a large-scale exercise conducted off the coast of Ulsan this week. For five days starting May 12, the Navy launched its first training program focused on [...]
WASHINGTON, May 15 (Korea Bizwire) — A majority of Americans believe that investments by South Korean companies in the United States are beneficial to the U.S. economy, according to a recent poll released by the Korea Economic Institute of America (KEI), a Washington-based think tank. The survey, conducted by polling firm YouGov between December 17, 2024, and [...]
SEOUL, May 15 (Korea Bizwire) — Two years after the high-profile suicide of a young elementary school teacher at Seoul’s Seoi Elementary School sparked national outrage, according to new survey results released ahead of Teachers’ Day. A nationwide poll of 8,254 teachers conducted by the Korean Federation of Teachers’ Unions between April 23 and May 7 [...]
JEJU, May 14 (Korea Bizwire) — A new senior-led drone surveillance team officially began operations at Jeju International Airport on May 14, marking a novel initiative to boost airspace security using the experience of retired police officers, firefighters, and aviation professionals. The “Airport Safety Illegal Drone Patrol,” jointly launched by the Jeju Special Self-Governing Province [...]