WASHINGTON, March 12 (Korea Bizwire) — The Trump administration’s imposition of tariffs on steel and aluminum imports widened its trade war across the globe on Wednesday, affecting South Korea and other U.S. trading partners and sending policymakers striving harder to minimize the duties’ ramifications on their industries. Sweeping 25 percent tariffs on steel and aluminum [...]
SEOUL, March 13 (Korea Bizwire) — A North Korean cargo ship suspected of smuggling out North Korean coal collided with a Chinese ship and sank in the Yellow Sea last month, according to a source familiar with the matter Thursday. The accident is believed to have left around 15-20 North Korean crew members dead. But [...]
SEOUL, March 13 (Korea Bizwire) — Two Air Force fighter jet pilots were booked Thursday over last week’s accidental bombing of a village after pilot error was found to be the cause of the accident, the defense ministry said. Last Thursday, two KF-16 fighter jets dropped eight MK-82 bombs outside a training range in Pocheon, [...]
SEOUL, March 13 (Korea Bizwire) — The Constitutional Court on Thursday rejected a motion impeaching the chief state auditor over his alleged poor review of suspected irregularities surrounding the 2022 relocation of the presidential office and residence. The court dismissed the motion in a unanimous 8-0 vote, immediately returning Choe Jae-hae, chair of the Board [...]
SEOUL, March 13 (Korea Bizwire) — The trial of a Japanese right-wing politician accused of defacing a statue honoring World War II comfort women continues to face delays after 13 years, with the defendant failing to appear in court for the 27th time. Suzuki Nobuyuki, 60, was absent from his first scheduled trial at the Seoul [...]
SEOUL, March 13 (Korea Bizwire) — People with disabilities in South Korea face significantly higher rates of dementia and other health challenges compared to the general population, according to a comprehensive health statistics report released by the National Rehabilitation Center on March 12. The study, which examined 86 health indicators among 2.65 million registered people with [...]
SEOUL, March 12 (Korea Bizwire) — South Korean legal tech firm Law & Company announced that its AI-powered legal assistant, Super Lawyer, achieved a breakthrough performance in the 14th Korean Bar Examination, surpassing global AI models in accuracy. The company revealed on Wednesday that Super Lawyer recorded a 74% accuracy rate on the multiple-choice section, well [...]
SEOUL, March 12 (Korea Bizwire) — A recent study reveals that South Korea’s younger generation perceives marriage and childbirth with overwhelmingly negative emotions, with financial concerns emerging as the dominant theme. The Korean Peninsula Population Institute for Future (KPPIF), a nonprofit research organization, analyzed approximately 50,000 posts on the workplace community platform Blind from November [...]
SEOUL, March 12 (Korea Bizwire) — South Korea added more than 130,000 jobs for the second consecutive month in February, but the construction and manufacturing sectors continued to see sharp declines, data showed Wednesday. The number of employed people came to 28.18 million as of the end of last month, up 136,000 from a year [...]
SEOUL, March 12 (Korea Bizwire) — Families with three or more minor children will soon enjoy priority immigration processing at major airports across South Korea, including Incheon International Airport, as part of the government’s latest efforts to combat the country’s declining birth rate. The new fast-track service, set to begin in June, is among several measures [...]