SEOUL, May 14 (Korea Bizwire) — North Korean leader Kim Jong-un has supervised combined tactical drills of special operations forces, stressing that the most “crucial” task for the North’s armed forces is to make full preparations for war, state media reported Wednesday. The combined tactical drills of special operations and tank subunits’ joint fire strike [...]
SEOUL, May 14 (Korea Bizwire) — The National Assembly on Wednesday proposed a special counsel investigation into allegations that the Supreme Court interfered in the upcoming presidential election by abusing its judicial authority in the retrial of Democratic Party (DP) candidate Lee Jae-myung. The Assembly’s legislation and judiciary committee put forth the bill calling for [...]
INCHEON, South Korea, May 14 (Korea Bizwire) — U.S. Trade Representative (USTR) Jamieson Greer arrived in South Korea on Wednesday to attend a trade ministers’ meeting of the Asia-Pacific Economic Cooperation (APEC) member economies and meet with Seoul’s trade chief this week. Greer arrived at Incheon International Airport, west of Seoul, around 6:10 p.m., but [...]
SEOUL, May 14 (Korea Bizwire) — South Korea is ramping up efforts to reduce its reliance on foreign drone technology and establish itself as a global leader in the sector, with the launch of a government-backed drone alliance and five flagship development projects aimed at advancing domestic capabilities. The Ministry of Land, Infrastructure and Transport [...]
SEOUL, May 14 (Korea Bizwire) — An envisioned U.S. national defense strategy may lead South Korea and the United States to explore “greater flexibility” of the 28,500-strong U.S. Forces Korea (USFK) to help keep an assertive China in check, a former senior Pentagon official said Tuesday. Randall Schriver, former assistant secretary of defense for Indo-Pacific [...]
WASHINGTON, May 13 (Korea Bizwire) — North Korea is projected to have 50 ground-based intercontinental ballistic missiles (ICBMs), capable of carrying a nuclear warhead, by 2035, an intelligence agency of the U.S. Defense Department said in a report Tuesday. The Defense Intelligence Agency (DIA) released the report on the current and future threats to the [...]
SEOUL, May 14 (Korea Bizwire) — A state-funded research institute has recommended the introduction of a “lifestyle registration system” as a necessary first step toward implementing the dual address system promised by Lee Jae-myung, the presidential candidate of the Democratic Party of Korea. In a report released Tuesday, the Korea Research Institute for Human Settlements [...]
SEOUL, May 14 (Korea Bizwire) — South Korea’s political and labor circles are locked in heated debate over a proposal to raise the legal retirement age from 60 to 65, reflecting growing tensions between an aging population and youth employment concerns. The issue, reignited during Labor Day remarks by Democratic Party leader Lee Jae-myung, has polarized [...]
SEOUL, May 14 (Korea Bizwire) — Nearly 6 out of 10 South Korean companies report that new employees leave within one to three years of joining, underscoring growing concerns over early attrition in the workforce, according to a new survey released by HR tech firm Incruit. The study, based on responses from 446 HR professionals, found [...]
SEOUL, May 14 (Korea Bizwire) — South Korea’s pharmaceutical and biotech companies view the Trump administration’s push to lower U.S. prescription drug prices as a potential tailwind for domestic drugmakers, particularly those in the biosimilar space. Former President Donald Trump, who is expected to run again in the 2026 election, issued an executive order last week [...]