SEOUL, Nov. 22 (Korea Bizwire) — South Korean police have ruled that actress Nana, formerly of the K-pop group After School, and her mother acted in legitimate self-defense when they overpowered an armed intruder who broke into their home in Guri, northeast of Seoul. The Guri Police Department said on Saturday that the suspect, a man [...]
SEOUL, Nov. 21 (Korea Bizwire) — KB Kookmin Bank, one of South Korea’s major lenders, has decided to suspend new household loans for home purchases for the rest of 2025 amid government efforts to cool an overheated property market and curb household lending, officials said Friday. New applications for mortgage loans for home purchases will [...]
SADO ISLAND, Japan/SEOUL, Nov. 21 (Korea Bizwire) – South Korea held a memorial ceremony in Japan on Friday to honor Koreans forced into labor at a gold and silver mine complex during World War II, the second year it has held its own event apart from Japan’s official ceremony. Seoul decided to not attend this [...]
SEOUL, Nov. 21 (Korea Bizwire) — South Korea has nearly quadrupled its investment in “bio big data” over the past five years, reflecting the government’s drive to strengthen the country’s competitiveness in next-generation drug development and digital healthcare. According to a new report by the National Center for Biotechnology Policy Research, government investment in the sector [...]
CAIRO, Nov. 20 (Korea Bizwire) – President Lee Jae Myung on Thursday held summit talks with Egyptian President Abdel Fattah El-Sisi and agreed to work together to promote peace on the Korean Peninsula and in the Middle East while strengthening economic and defense industry cooperation. The summit in Cairo took place during Lee’s official visit [...]
CAIRO & SEOUL, Nov. 20 (Korea Bizwire) – President Lee Jae-myung, on a state visit to Egypt, appealed Thursday for deeper cooperation between Seoul and Cairo, invoking what he described as striking historical parallels in the two nations’ struggles for peace and independence. In a keynote address at Cairo University, Lee said that although South Korea [...]
SEOUL, Nov. 20 (Korea Bizwire) – The government on Thursday designated the southern industrial city of Gwangyang as a special crisis-response zone, as its steel-dependent economy faces mounting strain from global oversupply and intensifying trade protectionism, the industry ministry said. Gwangyang, about 350 kilometers south of Seoul, was chosen because the steel sector accounts for [...]
SEOUL, Nov. 20 (Korea Bizwire) — A Korean civic organization campaigning to correct distorted world maps has received its first formal endorsement from an international body, marking a significant milestone in its effort to address long-standing misrepresentations of Africa’s size. VANK, a digital diplomacy group, said on Nov. 20 that the Statistical, Economic and Social Research [...]
SEOUL, Nov. 20 (Korea Bizwire) — South Korea’s Ministry of the Interior and Safety said Thursday it will launch a special task force to quickly complete an internal investigation into ministry officials who allegedly participated in or aided the Dec. 3 martial law attempt, as the government moves to restore public trust and reinforce constitutional norms. [...]
SEOUL, Nov. 20 (Korea Bizwire) – An advisory committee of the Korea Heritage Service (KHS) expressed strong concerns on Thursday over the Seoul Metropolitan Government’s plan to build high-rise buildings near the historic Jongmyo Shrine. The Cultural Heritage Committee under the KHS criticized the city’s development plan for the Sewun 4 District, located across from [...]