SEOUL, Dec. 12 (Korea Bizwire) — Army Chief of Staff Gen. Park An-su, who served as the chief martial law commander during President Yoon Suk Yeol’s short-lived imposition of the order last week, was suspended from his duty Thursday, the defense ministry said. Park is the latest in a handful of military commanders who have [...]
SEOUL, Dec. 12 (Korea Bizwire) — President Yoon Suk Yeol on Thursday defended his botched martial law declaration as an act of governance and denied insurrection charges facing him, while vowing to fight until the last moment against whether it is impeachment or a martial law probe. In a televised public address, Yoon said sending [...]
GWANGJU, Dec. 12 (Korea Bizwire) – A group of South Korean citizens has announced plans to file a class-action lawsuit against President Yoon Suk-yeol, seeking compensation for mental distress caused by the controversial “December 3 Martial Law Incident.” The lawsuit, organized by the group “Preparatory Committee for Compensation Claims Against Yoon Suk-yeol’s Acts of Treason,” [...]
SEOUL, Dec. 12 (Korea Bizwire) — South Korea’s Ministry of SMEs and Startups announced the winners of the 2024 K-Startup Grand Challenge during a Demo Day event held at COEX on December 11. The competition, which aims to attract and support global startups in establishing their presence in South Korea, drew participation from 1,716 teams [...]
HONGSEONG, Dec. 12 (Korea Bizwire) – In a significant environmental initiative, waste vinyl that is typically incinerated will soon be transformed into high-quality resources, including aviation fuel. The South Chungcheong Province government signed a memorandum of understanding on December 11 at the provincial office with HD Hyundai Oilbank, Hanwha TotalEnergies, and four cities – Cheonan, Asan, [...]
SEOUL, Dec. 11 (Korea Bizwire) – The resale value of South Korean presidential memorabilia has seen a notable decline following the December 3 imposition of martial law, reflecting shifting public sentiment. According to industry sources, a “Classic” model of President Yoon Suk Yeol’s commemorative wristwatch was sold for ₩80,000 (approximately $56) on December 7 through a [...]
SEOUL, Dec. 11 (Korea Bizwire) – The South Korean government’s ambitious plan to introduce AI-powered digital textbooks (AIDTs) has met with significant resistance from educators and civic groups nationwide, leaving the policy in jeopardy. Initially slated for rollout in March 2025 for select elementary, middle, and high school students, the initiative aimed to bolster digital [...]
SEOUL, Dec. 11 (Korea Bizwire) – In a landmark ruling, South Korea’s Supreme Court has determined that allowances paid to nurses and clinical pathologists for “on-call duty” can only be considered part of their regular wages if they can prove they were under the hospital’s direct supervision and control during that time. The decision overturns [...]
SEOUL, Dec. 11 (Korea Bizwire) – South Korea has replaced obsolete tactical air navigation (TACAN) systems at air bases with a new homegrown system, the state arms procurement agency said Wednesday, in an update bolstering air operations support. The 30.7 billion-won (US$21.5 million) project to install the new fixed-base system has been recently completed with [...]
CHUNCHEON, Dec. 11 (Korea Bizwire) – In a small elementary school in Gangwon Province, a second-grade classroom became the unlikely setting for a lesson in justice, inspired by South Korea’s recent political turmoil. On December 4, as the nation began to recover from a martial law crisis that had gripped its parliament and public, a teacher, [...]