SEOUL, Jan. 14 (Korea Bizwire) — KB Kookmin Bank’s labor union has filed for dispute mediation with the National Labor Relations Commission, demanding a performance bonus equivalent to 300% of base salary and an additional 10 million won in special incentives. If mediation fails, this could lead to the bank’s first general strike since 2019. [...]
SEOUL, Jan. 14 (Korea Bizwire) — In response to the growing trend of direct overseas purchases of cosmetics through international online platforms, South Korea’s Ministry of Food and Drug Safety (MFDS) announced on Monday, that it will strengthen safety regulations to prevent consumer harm. This initiative will be carried out in collaboration with the Korea [...]
SEOUL, Jan. 13 (Korea Bizwire) — Ukraine has released a rare video of two captured North Korean soldiers under interrogation, in which one of them said he wants to remain in Ukraine when asked if he wishes to return home. The soldier with bandages on his hands made the remarks in the nearly three-minute footage [...]
SEOUL, Jan. 13 (Korea Bizwire) — In a move to boost consumer adoption of electric vehicles (EVs), the South Korean government has announced a revision to eco-friendly certification standards, lowering the threshold for large electric passenger cars to qualify for tax incentives. The Ministry of Trade, Industry and Energy (MOTIE) revealed on January 12, 2025, that [...]
JEJU, Jan. 12 (Korea Bizwire) — Jeju Island will commemorate the 93rd anniversary of the Jeju Haenyeo Anti-Japanese Movement, the largest women-led independence movement in Korea, with a special ceremony on January 12. The event will honor the courageous haenyeo (female divers) who, in 1932, led mass protests against Japan’s colonial exploitation and ethnic discrimination in [...]
WASHINGTON/SEOUL, Jan. 11 (Korea Bizwire) — The Korean American grassroots organization, Korean American Public Action Committee (KAPAC), has publicly condemned Rep. Young Kim (R-CA) for her defense of what it described as “pro-coup forces” aligned with South Korean President Yoon Suk-yeol. KAPAC criticized Kim for remarks made in a recent op-ed published by The Hill, [...]
SEOUL, Jan. 10 (Korea Bizwire) — North Korea has included Russian in the description of its new postal stamps set to be issued in the new year, the website of its stamp agency showed Friday, reflecting the country’s growing alignment with Russia. A stamp release notice uploaded on the Korea Stamp Corp.’s website included images [...]
JEJU, Jan. 10 (Korea Bizwire) — Hot Pink Dolphins, a marine conservation organization, issued a statement on January 9 calling for swift parliamentary passage of an amendment to Jeju’s Special Act that would introduce a groundbreaking “ecological corporation” system. The proposed amendment, currently awaiting review by the National Assembly’s Public Administration and Security Committee, would allow [...]
SEOUL, Jan. 10 (Korea Bizwire) — The government said Friday it will provide an initial allowance of 3 million won (US$2,057) to the families of the Jeju Air plane crash victims. Acting Interior Minister Ko Ki-dong said during a meeting of the Central Disaster and Safety Countermeasure Headquarters that the “emergency living expense allowance” will [...]
SEOUL, Jan. 10 (Korea Bizwire) — The season’s coldest weather peaked Friday morning, with temperatures in the Gangwon and northern Gyeonggi provinces plummeting below minus 20 C, the state weather agency said. The morning temperatures in Pyeongchang, Gangwon Province, and Gapyeong, Gyeonggi Province, plunged to minus 24.9 C and minus 21.1 C, respectively, at 7 [...]