SEOUL, Nov. 7 (Korea Bizwire) — Donald Trump’s return to the White House is expected to have a significant impact on the export-driven South Korean economy and increase market volatility as he has warned of protectionist policies, decoupling from China and other drastic policy shifts across the board, experts said Thursday. “If the policy stance [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korean netizens and intellectuals are reacting negatively to photos of a Vietnamese female tourist practicing yoga in tight leggings at a historic royal palace in the center of Seoul. The incident arose earlier this week when the woman shared photos on social media showing herself in a handstand [...]
SEOUL, Nov. 7 (Korea Bizwire) — President Yoon Suk Yeol held a phone call with U.S. President-elect Donald Trump on Thursday to congratulate him on his “landslide victory,” and they agreed to hold an in-person meeting at an early date, according to Yoon’s office. Yoon congratulated Trump on his victory with the “Make America Great [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korea’s standards agency on Thursday hosted a forum inviting business officials to discuss strategies for taking a lead in setting global technology standards, a move considered crucial to gaining and maintaining a technological gap with others. The Korean Agency for Technology and Standards hosted the event in Seoul, [...]
WASHINGTON, Nov. 6 (Korea Bizwire) — South Korea has sent its top envoy to the United States to U.S. President-elect Donald Trump’s Mar-a-Lago home in Florida, according to officials Thursday. Ambassador Cho Hyun-dong’s visit to Trump’s home in Palm Beach follows Trump’s election win Wednesday. Cho plans to meet with people from Trump’s camp as [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korea aims to fully self-supply radioactive isotopes by 2030 as part of efforts to foster the local radiobiology industry and begin exporting radiopharmaceuticals by 2035, the science ministry said Thursday. “We have devised a strategy to spearhead into the global radiopharmaceuticals market by improving domestic production capabilities of [...]
SEJONG, Nov. 7 (Korea Bizwire) – The Seoul Main Customs Office announced on November 6 that it had caught 13 dentists who smuggled 11,349 pieces of unauthorized dental equipment (worth approximately 140 million won) into South Korea and used them on patients. The dentists are accused of making 1,184 separate purchases of dental equipment through AliExpress [...]
SEOUL, Nov. 7 (Korea Bizwire) – The South Korean government is set to lower barriers for foreign investment in the Saemangeum reclamation project, one of the country’s largest infrastructure developments, according to a joint announcement on November 6 by the Ministry of Land, Infrastructure and Transport and the Saemangeum Development and Investment Agency. Under current regulations, [...]
SEOUL, Nov. 6 (Korea Bizwire) – The government said Wednesday it will push for upping regulations on domestic and foreign platform operators such as Telegram as part of its comprehensive plan aimed at eradicating deepfake-related sexual crimes. Under the plan, online messaging app Telegram will be required to have an agent representing the company in [...]
SEOUL, Nov. 6 (Korea Bizwire) – “Whether it’s carrying ammunition or cooking meals, I’ll help however I can if war breaks out,” said Kim Jong-su, 68, explaining why he volunteered for basic military training. “We need this fundamental training to be useful when that time comes.” At the Cheong-an Reserve Forces Training Ground of the Army’s [...]