SEOUL, May 12 (Korea Bizwire) — Starting May 16, Seoul will implement the nation’s first designated no-go zones for electric scooters and similar personal mobility devices in two bustling areas: Hongdae Red Road in Mapo District and the Banpo private education district in Seocho District, city officials announced Monday. The pilot initiative, jointly launched by [...]
SEOUL, May 12 (Korea Bizwire) — Starbucks Korea has restricted customers from using the names of major presidential candidates as nicknames at its stores nationwide, citing the need to prevent political controversy and maintain neutrality during the sensitive election period. As of May 12, 2025, names such as Lee Jae-myung (Democratic Party), Kim Moon-soo (People [...]
SEOUL, May 12 (Korea Bizwire) – Prosecutors have ordered former first lady Kim Keon Hee to appear for questioning this week over allegations of influence-peddling in the 2022 parliamentary by-elections, legal sources said Monday. Kim, the wife of impeached President Yoon Suk Yeol, was recently sent a summons by the Seoul Central District Prosecutors Office [...]
SEOUL, May 12 (Korea Bizwire) — The Navy vowed efforts Monday to prevent a possible recurrence of an oil leak after thousands of liters of fuel accidentally spilled into the sea during a weekend naval operation. A total of 8,400 liters of diesel spilled into waters off the southern port city of Jinhae, some 310 [...]
SEOUL, May 12 (Korea Bizwire) — South Korean stocks ended more than 1 percent higher Monday as the United States and China wrapped up their first high-level tariff negotiations, boosting hopes the two countries may reach a trade deal. The local currency was weak against the U.S. dollar. The benchmark Korea Composite Stock Price Index [...]
SUWON, South Korea, May 12 (Korea Bizwire) — An appellate court on Monday upheld a lower court’s ruling that sentenced the wife of Democratic Party (DP) presidential candidate Lee Jae-myung to a fine of 1.5 million won (US$1,068) on charges of election law violations. The Suwon High Court handed down the sentence for Kim Hye-kyung, [...]
SEOUL, May 12 (Korea Bizwire) — South Korea and the North Atlantic Treaty Organization (NATO) held their third military staff talks in Seoul on Monday to discuss ways to strengthen their defense cooperation, the South’s Joint Chiefs of Staff (JCS) said. Maj. Gen. Kwon Young-min, chief of the directorate of strategic planning at the JCS, [...]
SEOUL, May 12 (Korea Bizwire) — The government on Monday vowed to take stern measures against illegal acts as candidates kicked off their official campaigning for the June 3 presidential election. Justice Minister Park Sung-jae and acting Interior Minister Ko Ki-dong made the remark in a joint statement, saying they will make utmost efforts to [...]
SEOUL, May 12 (Korea Bizwire) — South Korea has newly designated robotics and defense technologies as part of its portfolio of advanced technologies the country aims to strategically develop as new economic growth engines, the industry ministry said Monday. The Ministry of Trade, Industry and Energy posted a notification of designation of the two new [...]
SEOUL, May 12 (Korea Bizwire) — As South Korea grapples with the financial implications of its aging population, the government has released the nation’s first full-scale survey on so-called “dementia money”—the frozen assets held by elderly citizens with dementia—and experts are urging swift action modeled on Japan’s experience. According to the Presidential Committee on Aging Society [...]