SEOUL, Dec. 13 (Korea Bizwire) – Amid disruptions to mobile networks during large-scale protests calling for the impeachment of the president, older smartphones equipped with terrestrial DMB (Digital Multimedia Broadcasting) technology have become unexpectedly essential. The technology, which allows users to watch live broadcasts without relying on mobile networks, is gaining renewed attention for its [...]
SEOUL, Dec. 13 (Korea Bizwire) — The transport ministry said Friday it will conduct a flight demonstration of a commercial-level air taxi model this week as part of a government project to introduce the urban air mobility (UAM) industry in the country. The ministry will demonstrate the operation of the S-4 model built by U.S. [...]
SEOUL, Dec. 13 (Korea Bizwire) — Unionized workers of the state-run Industrial Bank of Korea (IBK) have voted to stage a general strike later this month over failed wage negotiations with the management, union officials said Friday. More than 80 percent of the unionized workers at the policy lender voted Thursday to stage a general [...]
SEOUL, Dec. 13 (Korea Bizwire) — President Yoon Suk Yeol has requested that the National Assembly approve his appointment of Ma Yong-ju as a new Supreme Court judge, parliamentary records showed Friday. The request is another move by Yoon that exercised his presidential power, although he has publicly pledged that he would entrust state affairs [...]
SEOUL, Dec. 13 (Korea Bizwire) — President Yoon Suk Yeol ordered police to “round up” all lawmakers when he invoked martial law last week, the chief of the National Police Agency (NPA) reportedly has told investigators. NPA Commissioner General Cho Ji-ho made the claim during questioning over his role in Yoon’s short-lived imposition of martial [...]
SEOUL, Dec. 13 (Korea Bizwire) — Trade Minister Cheong In-kyo visited Japan on Friday to meet his Japanese counterpart and discuss ways to expand bilateral economic cooperation amid global business uncertainties, Seoul’s trade ministry said Friday. Cheong held the meeting with Vice Minister for International Affairs Takehiko Matsuo in Tokyo to share opinions on achieving [...]
SEOUL, Dec. 13 (Korea Bizwire) — President Yoon Suk Yeol’s approval rating fell to a record low of 11 percent, a survey showed Friday, amid growing public backlash over his martial law declaration last week. According to the survey conducted by Gallup Korea on 1,002 adults aged over 18 from Tuesday to Thursday, positive assessment [...]
SEOUL, Dec. 13 (Korea Bizwire) – South Korean investors are increasingly turning to gold as a safe-haven asset, driven by a combination of domestic political turbulence and international geopolitical tensions. The trend comes as gold prices show signs of rebounding after a brief November dip, bolstered by news of renewed Chinese gold purchases following October’s record [...]
SEOUL, Dec. 13 (Korea Bizwire) – South Korea’s construction workforce is aging rapidly, with the average age of construction professionals exceeding 51, up from 38.1 in 2004, according to a report released on Thursday by the Korea Research Institute for Construction Industry (KRCI). The increase of 13 years over two decades highlights a significant demographic shift [...]
SEOUL, Dec. 12 (Korea Bizwire) — South Korea has an advantage in strengthening ties with the Global South, including Africa, given its steady engagement without historical baggage and an economic growth model admired by many developing countries, the top Kenyan envoy in Seoul has said. Ambassador Emmy Jerono Kipsoi made the remarks, voicing hope that [...]