SEOUL, Feb. 18 (Korea Bizwire) – The Constitutional Court is set to hold the ninth hearing of President Yoon Suk Yeol’s impeachment trial Tuesday as deliberations have entered their final phase. During the hearing at 2 p.m., the legal representatives of Yoon and the National Assembly are each set to present a summary of their [...]
SEOUL, Feb. 18 (Korea Bizwire) – The government and the ruling People Power Party (PPP) were set to discuss Tuesday ways to improve competitiveness in the artificial intelligence (AI) industry. During their consultations, the two sides are expected to review AI trends and strategies related to DeepSeek, China’s generative AI service, and discuss ways to [...]
SEOUL, Feb. 18 (Korea Bizwire) — The defense ministry said Tuesday it will seek to recover the remains of more than 200 soldiers killed during the 1950-53 Korean War this year as part of an ongoing project to find and identify missing service members. Since 2000, the ministry has been working to recover the remains [...]
SEOUL, Feb. 18 (Korea Bizwire) — South Korea has deployed a new homegrown bunker buster missile capable of striking underground enemy targets, the Joint Chiefs of Staff (JCS) said Tuesday, in its efforts to deter North Korean military threats. The military has deployed the Korean Tactical Surface to Surface Missile (KTSSM), capable of conducting simultaneous [...]
SEOUL, Feb. 18 (Korea Bizwire) — A U.S.-based relief organization has won the Seoul Peace Prize for its longstanding humanitarian work in delivering medical supplies to those impacted by disasters and conflicts, the prize committee announced Tuesday. The award will be presented to Direct Relief, a nonprofit humanitarian relief organization, committed to providing immediate and [...]
SEOUL, Feb. 18 (Korea Bizwire) — South Korea’s Hanwha Group has held discussions with Edge Group, a defense conglomerate based in the United Arab Emirates (UAE), to explore strategic cooperation in defense, aerospace and maritime industries, according to the group’s defense arm Tuesday. Kim Dong-kwan, vice chairman of Hanwha Group, met with Faisal Al Bannai, [...]
SEOUL, Feb. 17 (Korea Bizwire) — A South Korean court has acquitted a surgeon of medical negligence in the death of a Hong Kong woman during a liposuction procedure, citing a lack of definitive causation. However, the court imposed a fine for unlawfully attracting foreign patients without proper registration. The Seoul Central District Court on Monday [...]
INCHEON, South Korea, Feb. 17 (Korea Bizwire) — A fundraising campaign launched by firefighters in Incheon to support accident victims has surpassed 1.2 billion won ($827,586) in donations over five years, officials announced on February 16. The “119 Miracle” campaign, which began in August 2019, allows participants to donate 119 won daily to assist victims of [...]
SEOUL, Feb. 17 (Korea Bizwire) — Five years after the implementation of South Korea’s 52-hour workweek, three out of four corporate research divisions report declining research and development (R&D) performance, according to a new survey. The findings, released on February 16 by the Korea Chamber of Commerce and Industry (KCCI) in collaboration with the Korea Industrial [...]
SEOUL, Feb. 17 (Korea Bizwire) — If the Trump administration moves forward with tariffs on the automotive sector, South Korea and Japan are expected to be among the hardest-hit nations outside North America, according to industry analysts. A report from CNBC on February 13, citing consulting firm GlobalData, highlighted that South Korea and Japan accounted [...]