SEOUL, April 16 (Korea Bizwire) – Acting President Han Duck-soo said Wednesday that strengthening shipbuilding cooperation with the United States could provide an opportunity for the South Korean shipbuilding industry to “make a leap forward.” Han made the remark during his visit to HD Hyundai Heavy Industries (HHI) Co.’s shipyard in Ulsan, 305 kilometers southeast [...]
SEOUL, April 16 (Korea Bizwire) — Police were locked in a five-hour standoff with presidential security officials Wednesday as they attempted to raid the presidential office over an investigation into allegations that former President Yoon Suk Yeol obstructed the execution of a detention warrant early this year. The police’s special investigation team presented a warrant [...]
SEOUL, April 16 (Korea Bizwire) — Senior Air Force officials from South Korea and the United Arab Emirates (UAE) on Wednesday signed a letter of intent for comprehensive cooperation on the South’s homegrown fighter jets, the South Korean Air Force said. Air Force Chief of Staff Gen. Lee Young-su and Maj. Gen. Rashed Mohammed A. [...]
SEOUL, April 16, (Korea Bizwire) — Nearly one-third of Seoul’s underground sewer lines have surpassed 50 years of age, with some districts relying on antiquated infrastructure for more than half of their networks, raising concerns over public safety and the growing risk of sinkholes. According to data disclosed by Rep. Jin Sun-mi of the Democratic [...]
SEOUL, April 16, (Korea Bizwire) — A recent investigation by the Korea Consumer Agency (KCA) has uncovered widespread mislabeling and deceptive advertising practices in pet supplements sold both online and offline, raising concerns over product safety and consumer misinformation. The agency announced on Tuesday that out of 20 pet nutritional products it tested, a significant [...]
SEOUL, April 16, (Korea Bizwire) — A large majority of South Korean small and medium-sized enterprises (SMEs) employing foreign workers under the country’s Employment Permit System expressed satisfaction with the current framework, despite persistent concerns about language barriers and bureaucratic complexity, a new survey shows. According to the Korea Federation of SMEs, 86.8 percent of [...]
SEOUL, April 15 (Korea Bizwire) — North Korea was behind a massive distribution of phishing emails to South Koreans between late last year and early this year, the Korean National Police Agency (KNPA) said Tuesday. The agency said a North Korean hacking group sent 126,266 fake emails to 17,744 people in South Korea from last [...]
SEOUL, April 15 (Korea Bizwire) — South Korea and the United States on Tuesday staged joint air drills, involving at least one U.S. B-1B bomber, over the Korean Peninsula, the defense ministry said, in a show of force against North Korean military threats. The drills, which also mobilized South Korean F-35A and F-16 fighter jets [...]
SEOUL, April 15, (Korea Bizwire) — South Korea’s TV home shopping industry continues to face mounting financial strain as broadcasting fees soared to consume more than 70 percent of television sales revenue in 2024, despite a modest rise in overall sales. According to a report released Monday by the Korea TV Home Shopping Association, the [...]
SEOUL, April 15 (Korea Bizwire) — The head of South Korea’s financial watchdog has vowed to push ahead with a series of steps to boost fairness and transparency in the capital markets, as well as shareholder value, the Financial Supervisory Service (FSS) said Tuesday. In a meeting with dozens of bankers and financiers in Hong [...]