SEOUL, Jan. 21 (Korea Bizwire) — All of the 46 supporters of President Yoon Suk Yeol who were apprehended for violently storming the Seoul Western District Court that issued an arrest warrant for the impeached president last Sunday are facing formal arrests, prosecution officials said Tuesday. The Seoul Western District Prosecutors Office sought arrest warrants [...]
SEOUL, Jan. 21 (Korea Bizwire) — More than 34 million people are expected to travel domestically and internationally during the upcoming Lunar New Year holiday, according to a state-run institute Tuesday. The Korea Transport Institute said it estimates 34.84 million people to be on the move during the six-day period from Saturday to next Thursday, [...]
SEOUL, Jan. 21 (Korea Bizwire) — A military intelligence official was sentenced to 20 years in prison Tuesday on charges of handing over information of South Korean military undercover agents operating overseas, in return for bribes. The 45-year-old civilian employee at the Korea Defense Intelligence Command was indicted in August last year on allegations of [...]
SEOUL, Jan. 21 (Korea Bizwire) — Industrial accident claims from delivery service workplaces increased dramatically last year, reaching approximately 1,500 cases – nearly five times the number reported in 2020, according to new government data. The figures, released on January 20 by the Korea Workers’ Compensation & Welfare Service and analyzed by Rep. Kim Wi-sang of [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea on Monday officially began the development of a homegrown interceptor system akin to Israel’s Iron Dome to bolster its defense against North Korean artillery threats, the state arms procurement agency said. The government plans to spend 479.8 billion won (US$329 million) through 2028 to develop the Low-Altitude [...]
SEOUL, Jan. 20 (Korea Bizwire) — The oceans ministry said Monday it will spare no effort to successfully prepare for a global maritime conference scheduled to be held in the country this April, providing a venue for countries and civic societies to discuss the future of the sector. The 10th Our Ocean Conference (OOC) will [...]
SEOUL, Jan. 20 (Korea Bizwire) — North Korean leader Kim Jong-un has encouraged and expressed gratitude to troops deployed to fight for Russia in its war against Ukraine, in what appeared to be his New Year’s message sent to them, according to a news report. The Washington Post on Sunday (local time) published a report [...]
SEOUL, Jan. 20 (Korea Bizwire) — North Korean leader Kim Jong-un’s powerful sister issued a rare statement on her country’s stance on a summit meeting with Belarus on Monday, marking her first media remarks in about two months. Kim Yo-jong, vice department director of the Workers’ Party of Korea’s Central Committee, clarified a recent report [...]
SEJONG, Jan. 20 (Korea Bizwire) — With Donald Trump’s inauguration as U.S. president on January 20, 2025, South Korea’s competition policy faces heightened uncertainty due to his administration’s protectionist agenda and potential pushback against regulatory moves targeting Big Tech firms. U.S. Resistance to South Korean Platform Regulation South Korea’s proposed legislative reforms aimed at curbing [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s universities face mounting financial challenges as the number of incoming students declines and dropout rates rise. Many institutions, particularly private universities in Seoul, are debating strategies to address the crisis, including tuition hikes and increased reliance on government funding. According to data released on Sunday by the [...]