SEOUL, March 18 (Korea Bizwire) — North Korean delegations for economy and public health affairs have left for Russia, state news media reported Tuesday, signaling active bilateral cooperation between the two countries. The government’s economic delegation, led by Yun Jong-ho, external economic relations minister, left Pyongyang on Monday to visit Russia, the Korean Central News [...]
SEJONG, March 18 (Korea Bizwire) — South Korean Industry Minister Ahn Duk-geun is set to meet with the governor of Alaska next week in Seoul and discuss Seoul’s possible participation in the gas pipeline project in the U.S. state, diplomatic sources said Tuesday. Ahn plans to hold a face-to-face meeting with Alaska Gov. Mike Dunleavy, [...]
SEOUL, March 18 (Korea Bizwire) — Only about half of large companies in South Korea operated an environmental, social and governance (ESG) committee last year, reflecting their commitment to sustainable growth, a report showed Tuesday. According to the report by corporate research firm Leaders Index, 194 companies, or 53.7 percent, of 361 companies with available [...]
SEOUL, March 18 (Korea Bizwire) — Unseasonal heavy snow pounded Seoul and the central regions beginning early Tuesday morning, disrupting rush-hour traffic across the capital areas. Amid an unexpected heavy snow advisory issued the previous day, Seoul had received 11.9 centimeters of snow as of 8:20 a.m., compared with 13.8 cm in Uijeongbu of Gyeonggi [...]
SEOUL, March 18 (Korea Bizwire) — Foreigners refusing to leave the country despite an eviction order will be forcibly deported, the justice ministry said Tuesday. Forced eviction is the strongest administrative measure that involves deporting a foreigner for illegally entering the country or violating conditions of their stay. “We plan to operate a designated overseas [...]
SEOUL, March 18 (Korea Bizwire) — South Korea will increase subsidies for electric motorcycles that offer faster charging speeds and enhanced battery status monitoring, the Ministry of Environment announced Monday. Under the newly finalized 2025 subsidy guidelines, electric motorcycles equipped with 3kW fast-charging capability or a battery status display/app integration will be eligible for an [...]
SEJONG, South Korea, March 17 (Korea Bizwire) — Hanwha Group is making a renewed attempt to acquire Austal, an Australian shipbuilding company that supplies vessels to the U.S. and Australian navies, through its defense affiliates Hanwha Systems and Hanwha Aerospace. The move follows Hanwha’s previous failed bid in April 2024, when its subsidiary Hanwha Ocean offered [...]
SEOUL, March 17 (Korea Bizwire) — The defense ministry said Monday it began an annual project to recover the remains of soldiers killed during the 1950-53 Korean War, seeking to find more than 220 missing service members this year. Since 2000, the ministry has been working to excavate and identify the remains of fallen soldiers [...]
SEOUL, March 17 (Korea Bizwire) — Acting President Choi Sang-mok on Monday instructed the government to engage with the United States to prevent any adverse impact on energy cooperation following Washington’s designation of South Korea as a ”sensitive” country. The U.S. Department of Energy (DOE) under the previous Joe Biden administration made the designation in January [...]
SEOUL, March 16 (Korea Bizwire) — The number of young South Koreans who were jobless or opted to remain economically inactive surpassed 1.2 million last month amid tough job market conditions, data showed Sunday. A total of 1.21 million individuals aged 15 to 29 either remained unemployed or economically inactive to prepare for a job [...]