SEOUL, Dec. 27 (Korea Bizwire) — Hanwha Systems Co. said Friday it will export arms control systems for the K11 fire command armored vehicle and the upgraded K9A1 self-propelled howitzer to Egypt. Hanwha Systems said it will supply the fire command system for 51 K11 units and the fire control system for 216 K9A1 units, [...]
SEOUL, Dec. 27 (Korea Bizwire) — Ukrainian forces have likely captured a North Korean soldier in what could be the first instance of its kind, a Ukrainian news report has said, as North Korean troops were fighting alongside Russia against Ukraine. Ukraine’s special operations troops reportedly took the soldier during operations in Russia’s western front-line [...]
SEOUL, Dec. 27 (Korea Bizwire) — The South Korean government has designated the last Wednesday of every month as “Hanbok Day,” encouraging civil servants in government offices, local municipalities, and public institutions to wear the country’s traditional attire to work. The initiative is part of a broader effort to integrate traditional culture into everyday life [...]
SEOUL, Dec. 27 (Korea Bizwire) — The Constitutional Court is set to hold the first preparatory hearing Friday of a trial on the validity of President Yoon Suk Yeol’s impeachment by the National Assembly over his brief imposition of martial law. The hearing, scheduled for 2 p.m., will bring together the legal representatives of both [...]
SEOUL, Dec. 27 (Korea Bizwire) – Finance Minister Choi Sang-mok on Friday called on the opposition-controlled National Assembly to reconsider its decision to vote on an impeachment motion against acting President Han Duck-soo, saying that such a move would deal a significant blow to government affairs. Choi spoke on behalf of Cabinet members, as the [...]
SEOUL, Dec. 27 (Korea Bizwire) — The government and the ruling People Power Party (PPP) agreed Friday to provide 11.6 trillion won (US$7.86 billion) next year to stabilize consumer prices and ease the financial burden on low-income households. The two sides made the agreement during a consultative meeting among government officials, PPP lawmakers and private [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korea has the highest traffic fatality rate for seniors among OECD member countries, with elderly suicides also remaining alarmingly high despite recent declines, according to a 2024 report. Data reveals that the number of elderly suicides is over 2.6 times greater than traffic-related deaths. A study by Professor Jung [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korea’s healthcare spending on chronic diseases has reached 90 trillion won annually, with such conditions accounting for 85% of total medical expenses and causing eight out of 10 deaths, according to a report released by the Korea Disease Control and Prevention Agency (KDCA) on December 26. The “2024 Chronic [...]
SEOUL, Dec. 26 (Korea Bizwire) – As global competition in advanced industries intensifies, more than half of South Korean companies in cutting-edge sectors, including biotechnology, batteries, and semiconductors, view the country’s regulatory environment as excessively stringent compared to international competitors. A survey conducted by the Korea Chamber of Commerce and Industry (KCCI) among 433 companies [...]
CHEONGJU, Dec. 26 (Korea Bizwire) — In the city of Jecheon, South Korea, two chubby-cheeked characters with snow-white skin and beaming smiles have captured the public’s imagination. Meet “Je-je” and “Cheon-cheon,” the official mascots whose charm has evolved from initial skepticism to beloved civic symbols. When first introduced four years ago, some likened the rotund pair [...]