SEOUL, Dec. 30 (Korea Bizwire) — The ROKS Ahn Mu, an indigenous submarine built with homegrown technology, returned home Tuesday after successfully conducting a monthlong joint anti-submarine exercise with the United States, according to the Navy. The Ahn Mu took part in the Silent Shark exercise, which kicked off on Nov. 18 in waters off [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s semiconductor industry is pushing back against political calls to relocate the massive Yongin semiconductor cluster away from the Seoul metropolitan area, warning that any abrupt change to the project could disrupt investment plans and undermine the country’s global competitiveness in chips. The concerns come after Kim Sung-hwan, the [...]
SEOUL, Dec. 30 (Korea Bizwire) — North Korea appears to be signaling a subtle but meaningful shift in its internal power structure, with new clues emerging from the license plates used by the country’s top leadership. An analysis of state media footage by Yonhap News Agency shows that Kim Jong Un has recently been using a [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korea’s defense minister warned on Monday that the security environment surrounding the Korean Peninsula was becoming increasingly volatile, pointing to deepening military cooperation between North Korea and Russia as a destabilizing force with global implications. Speaking at a forum on South Korea’s alliance with the United States, Defense Minister [...]
SEOUL, Dec. 29 (Korea Bizwire) — Customs authorities on Monday launched an investigation into Coupang Inc.’s domestic unit to examine foreign exchange transactions with its U.S.-based headquarters, government sources said. The Korea Customs Service dispatched an investigative team to the e-commerce giant’s office in Seoul earlier in the day, the sources said. The probe will [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korea’s science ministry said Monday that a security breach at KT Corp., the country’s second-largest mobile carrier, stemmed from lax internal controls over femtocells—small base stations used in homes and offices—allowing attackers to penetrate the company’s core network and carry out unauthorized mobile payments. The Ministry of Science and [...]
SEOUL, Dec. 29 (Korea Bizwire) — A new law banning English level tests for preschool children has ignited a sharp debate among parents in Seoul’s education hubs, exposing deep divisions over early childhood education and the future of private English instruction. Earlier this month, the National Assembly passed a bipartisan amendment to the Private Education Act [...]
SEJONG, Dec. 29 (Korea Bizwire) — South Korea’s self-employed sector is showing tentative signs of recovery, buoyed in part by government-issued consumption coupons and an improving growth backdrop, though economists caution that structural pressures could limit the durability of the rebound. According to data released Monday by the National Tax Service, the number of businesses that [...]
SEOUL, Dec. 29 (Korea Bizwire) — Nearly one in three South Korean workers say they cannot freely use their paid annual leave, according to a new survey by a civic advocacy group, highlighting persistent gaps between labor law protections and workplace realities. The findings, released Sunday by Workplace Abuse 119 (Gabjil119), are based on a poll [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korea is on track to end dog meat farming nationwide by early 2027, as the vast majority of dog-breeding operations have already shut down following the implementation of a landmark ban, government data showed this week. The Ministry of Agriculture, Food and Rural Affairs said on Sunday that about [...]