SEOUL, April 6 (Korea Bizwire) — The South Korean government announced Sunday it will grant special residency status to three Indonesian nationals who played a critical role in aiding wildfire evacuations earlier this year. The move comes as part of a broader emergency response that also includes supplying 1,460 temporary housing units to residents displaced by [...]
SEOUL, April 5 (Korea Bizwire) — The ousting of President Yoon Suk Yeol by South Korea’s Constitutional Court on April 4 has intensified political and societal divisions across the nation. The unanimous decision upheld Yoon’s impeachment over his December 2024 declaration of martial law, citing severe constitutional violations. Yoon’s attempt to deploy military forces [...]
SEOUL, April 5 (Korea Bizwire) — The impeachment and removal of former President Yoon Suk-yeol on Friday has thrown the South Korean government’s labor reform agenda into disarray, raising uncertainty over the future of key workplace policies just as the country enters a snap presidential election cycle. While the ruling party had continued to push [...]
WASHINGTON, April 4 (Korea Bizwire) – U.S. experts on Friday anticipated a tough road ahead for the Seoul-Washington alliance in the coming months, noting the bilateral relationship would remain in limbo until South Korea elects a successor to now-dismissed President Yoon Suk Yeol. Some pointed to Yoon’s ouster in accordance with constitutional procedures as another [...]
SEOUL, April 4 (Korea Bizwire) — The European Union (EU) expressed respect Friday for South Korea’s Constitution and legal proceedings after the Constitutional Court ruled to remove President Yoon Suk Yeol from office, while reaffirming the strategic partnership with Seoul. “The EU respects the Constitution and legal proceedings in the Republic of Korea,” an EU [...]
SEOUL, April 4 (Korea Bizwire) — The unification ministry vowed Friday to monitor any movements by North Korea and stably manage the security situation on the Korean Peninsula after the Constitutional Court’s ruling that ousted impeached former President Yoon Suk Yeol from office. “The ministry will closely monitor North Korea’s movements while making every effort [...]
SEOUL, April 4 (Korea Bizwire) — Acting President Han Duck-soo spoke by phone with the chief of the National Election Commission (NEC) on Friday to discuss steps for a snap presidential election following the ouster of former President Yoon Suk Yeol. In the phone talks with NEC chief Roh Tae-ak, Han highlighted the need to [...]
SEOUL, April 4 (Korea Bizwire) — The government will hold a series of emergency meetings with representatives from major South Korean industries expected to suffer damage from the United States’ hefty tariffs, the industry ministry said Friday. The Ministry of Trade, Industry and Energy held a meeting with officials from the home appliances, display and [...]
SEOUL, April 4 (Korea Bizwire) — The Constitutional Court’s ruling on Friday to remove President Yoon Suk Yeol from office has created the first presidential leadership vacuum in South Korea in eight years, casting fresh uncertainty over the country’s already fragile economy. While the decision resolves months of political limbo that began with the declaration of [...]
SEOUL, April 4 (Korea Bizwire) — South Korea’s Constitutional Court ruled Friday to remove President Yoon Suk Yeol from office, triggering jubilant scenes among demonstrators who had long demanded his ouster. The court’s decision, delivered in a unanimous ruling, marked a dramatic conclusion to a turbulent chapter in the nation’s political history. Protesters who had gathered [...]