SEOUL, March 26 (Korea Bizwire) – The Navy held a ceremony Wednesday to honor sailors killed during the 2010 sinking of the Cheonan corvette by a North Korean attack in the Yellow Sea. The 1,200-ton warship sank near the western Northern Limit Line, a de facto inter-Korean maritime border, in March 2010, after a North [...]
SEOUL, March 26 (Korea Bizwire) – The government will join hands with export-related agencies to provide “all-out” support to South Korean companies in export business, the industry ministry said Wednesday. The Ministry of Trade, Industry and Energy held a joint conference in Seoul with various export-related agencies, including the Korea Customs Service, the Korean Intellectual [...]
SEOUL, March 26 (Korea Bizwire) — The death toll from a wave of wildfires that tore through southeastern region has risen to 18, with one person missing, forest service officials said Wednesday, as firefighters still battled to contain the rapidly spreading blazes. The fires that began in Sancheong County in South Gyeongsang Province last Friday [...]
SEOUL, March 26 (Korea Bizwire) — South Korea’s major business groups have stepped up to support relief and recovery efforts for residents affected by recent wildfires in the country’s southeastern region, they said Wednesday. Hyundai Motor Group said it has donated 2 billion won (US$1.26 million) to aid the recovery in the areas hit by [...]
SEOUL, March 26 (Korea Bizwire) — A South Korean court has ordered an examination of vehicle component data in a high-profile lawsuit involving an apartment security guard who crashed a Mercedes-Benz while moving the vehicle for parking management. The case centers on allegations of sudden unintended acceleration. On Tuesday, Judge Jeong Sun-hee of the Seoul [...]
SEOUL, March 26 (Korea Bizwire) — The South Korean Ministry of Interior and Safety announced on March 25 that it has dispatched an address system delegation to Mongolia, responding to the Mongolian government’s formal request to implement the Korean-style address system (K-Address). Led by Deputy Minister Kim Min-jae, the four-member delegation met with Solongoo Bayarsaikhan, [...]
SEOUL, March 26 (Korea Bizwire) — South Korea unveiled an ambitious plan on Tuesday to boost the recycling rate of key strategic minerals to 20% by 2030, as part of its broader effort to secure critical supply chains and position itself in the rapidly expanding global market for resource recovery. During the fourth meeting of the [...]
SEJONG, South Korea, March 26 (Korea Bizwire) — The South Korean government announced on Tuesday plans to expand its strategic stockpile of automotive-grade urea and diversify import sources to prevent future supply disruptions. The move comes as part of broader efforts to strengthen the nation’s industrial supply chains under growing geopolitical and trade uncertainties in 2025. [...]
SEOUL, March 26 (Korea Bizwire) — South Korea’s largest conglomerates are rapidly expanding their investments in the United States, positioning themselves to navigate trade pressures and align with policy shifts under President Donald Trump’s second term. Leading this push is Hyundai Motor Group, which on March 24 (local time) announced a sweeping $21 billion investment plan [...]
SEOUL, March 25 (Korea Bizwire) — Wildfires ravaging South Korea’s southeastern region forced more residents to evacuate Tuesday, as firefighting authorities struggled to contain the rapidly spreading blazes that destroyed a centuries-old temple. The fires that began in Sancheong County in the southeast on Friday have spread to nearby Uiseong, and were advancing to neighboring [...]