SEOUL, Dec. 26 (Korea Bizwire) —Sejong emerged as the leading region for work-life balance in South Korea in 2023, according to a report released by the Ministry of Employment and Labor on Wednesday. The region excelled in providing optimal working hours, leisure opportunities, and effective implementation of work-family integration policies. The annual Regional Work-Life Balance [...]
GUMI, Dec. 25 (Korea Bizwire) — On Christmas morning, hundreds of bottles of drinking water were delivered to the Korean Optical High Tech factory in Gumi, North Gyeongsang Province, where two dismissed workers have been staging a grueling rooftop sit-in protest for 352 days. The delivery was a result of a spontaneous nationwide campaign sparked [...]
SEOUL, Dec. 25 (Korea Bizwire) — In a landmark decision, South Korea’s Supreme Court has ruled that online sexual insults do not qualify as a sexual offense under the country’s criminal code unless there is clear intent to satisfy “sexual desire.” On November 28, the Supreme Court’s first division, led by Justice Seo Kyung-hwan, overturned a [...]
SEOUL, Dec. 25 (Korea Bizwire) — The South Korean government has introduced measures to limit the use of treasury shares by listed companies during corporate spin-offs, aiming to prevent misuse that could unfairly enhance major shareholders’ control. The Financial Services Commission (FSC) announced on December 24 that amendments to the Capital Markets Act Enforcement Decree, approved [...]
SEOUL, Dec. 24 (Korea Bizwire) — The South Korean government announced a comprehensive support package for the construction industry on December 23, responding to mounting challenges including soaring construction costs, a tightening project financing (PF) market, and increasing unsold housing inventory. The measures come as the construction sector faces significant headwinds, with construction investment showing a [...]
SEOUL, Dec. 24 (Korea Bizwire) — South Korea has broadened its official green taxonomy, recognizing new eco-friendly economic activities such as groundwater reuse, indoor air quality management, and refill station operations. The Ministry of Environment unveiled the revised framework during a government meeting on December 23, highlighting its growing importance for sustainable economic development. The [...]
SEOUL, Dec. 24 (Korea Bizwire) — A former commander of the Defense Intelligence Command (DIC) suspected of being involved in President Yoon Suk Yeol’s botched martial law bid was referred to the prosecution on insurrection charges, officials said Tuesday. A joint investigation team referred retired Army Maj. Gen. Noh Sang-won to the Seoul Central District [...]
SEOUL, Dec. 24 (Korea Bizwire) — More than 3,000 North Korean troops have been killed or wounded in Russia’s western frontline region of Kursk, Ukrainian President Volodymyr Zelenskyy has said, raising concern about the potential deployment of additional North Korean troops and equipment to Russia. Zelenskyy unveiled the figure Monday on the social media platform [...]
SEOUL, Dec. 24 (Korea Bizwire) — Subzero temperatures, bolstered by strong winds, gripped the country Tuesday, with the cold wave expected to continue through the Christmas holiday. Morning temperatures were forecast to hover around minus 10 C in the central inlands and mountainous regions of Gangwon Province, as well as the inlands of North Gyeongsang [...]
SEOUL, Dec. 24 (Korea Bizwire) — South Korea has revised a maritime resource development rule to offer more business predictability for investors in an ongoing project to search for oil and gas in the East Sea, the industry ministry said Tuesday. The revised enforcement decree on submarine mineral resources development was passed during a Cabinet [...]