SEOUL, Dec. 19 (Korea Bizwire) — South Korea’s spy agency on Thursday said at least 100 North Korean troops dispatched to Russia for combat in Ukraine were killed and 1,000 injured, according to a lawmaker. In a closed-door briefing to the parliamentary intelligence committee, the National Intelligence Service (NIS) also said the Russian military has [...]
SEOUL, Dec. 19 (Korea Bizwire) – Nearly one-third of South Korea’s small and medium-sized exporters report being negatively impacted by the country’s ongoing political turmoil, according to a survey conducted by the Korea Federation of SMEs. The survey, conducted from December 10 to 13 among 513 exporting SMEs, revealed that 26.3% of respondents had experienced [...]
SEJONG, Dec. 19 (Korea Bizwire) – Less than 20% of South Koreans moved up the income ladder in the past year, according to new data released by Statistics Korea on December 17, highlighting growing concerns about social mobility in the country. The comprehensive “Income Mobility Statistics 2017-2022″ report, which analyzed data from 11 million individuals, reveals [...]
SEJONG, Dec. 18 (Korea Bizwire) – South Korea’s foreign workforce has reached a historic milestone, surpassing 1 million workers for the first time, with nearly half employed in mining and manufacturing sectors, according to government data released December 17. A Statistics Korea report on immigrant residency and employment showed that as of May, the number of [...]
SEOUL, Dec. 18 (Korea Bizwire) — The European Union (EU) has signaled a shift in its trade policy to strengthen its own industries, similar to that of the incoming U.S. administration under President-elect Donald Trump, posing challenges for export-oriented South Korean businesses, an industry report projected Wednesday. According to the report by the Korea International [...]
SEOUL, Dec. 18 (Korea Bizwire) – In a controversial escalation, hardline conservative supporters of South Korean President Yoon Suk Yeol have compiled a “blacklist” of celebrities who have supported or participated in protests demanding the president’s impeachment. The list is being circulated on online forums, accompanied by calls for boycotts of products endorsed by these [...]
SEOUL, Dec. 18 (Korea Bizwire) — President Yoon Suk Yeol failed to appear before the Corruption Investigation Office for High-ranking Officials on Wednesday, defying a summons for questioning over his short-lived imposition of martial law. Yoon had been asked by a joint investigation team made up of the CIO, the police and the defense ministry’s [...]
WASHINGTON, Dec. 17 (Korea Bizwire) — A prominent U.S. expert has expressed his hope for Acting President Han Duck-soo to be a “source of stability” amid South Korea’s political turmoil, but warned that absent a fully elected president, Seoul could face a disadvantage in engaging with the administration of incoming U.S. President Donald Trump. Victor [...]
SEOUL, Dec. 18 (Korea Bizwire) — North Korean leader Kim Jong-un has visited a mausoleum for his late father to mark the 13th anniversary of his death, the North’s state media reported Wednesday. Kim paid tribute at the Kumsusan Palace of the Sun the previous day, where the bodies of state founder Kim Il-sung and [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Korea’s industry ministry on Wednesday unveiled a blueprint for government investment in energy research and development projects to maintain a stable power supply using carbon-free sources. The energy technology development plan, effective through 2033, is expected to generate an economic effect of 59 trillion won (US$41 billion), according [...]