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, [...]
SEOUL, Dec. 11 (Korea Bizwire) — Former Defense Minister Kim Yong-hyun was formally arrested Wednesday on charges of helping President Yoon Suk Yeol stage an insurrection through his short-lived imposition of martial law last week. The Seoul Central District Court issued a warrant for his arrest after prosecutors accused Kim of engaging in “essential” activities [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korean novelist Han Kang has made history as the first Korean and the first Asian woman to receive the Nobel Prize in literature. Han received a diploma and a Nobel medal from Sweden’s King Carl XVI Gustaf during a ceremony Tuesday (local time) at the Concert Hall, a [...]
SEOUL, Dec. 11 (Korea Bizwire) — The Russian Embassy in North Korea has hosted a reception to celebrate the ratification of a mutual defense treaty between the two nations, the North’s state media reported Wednesday. North Korea’s top officials, including Choe Ryong-hae, chairman of the Supreme People’s Assembly’s standing committee, Foreign Minister Choe Son-hui and [...]
SEOUL, Dec. 11 (Korea Bizwire) — U.S. Treasury Secretary Janet Yellen has reaffirmed the strong alliance between South Korea and the United States during talks with her South Korean counterpart, the finance ministry said Wednesday. Yellen and Finance Minister Choi Sang-mok held a video conference on Tuesday to discuss the ongoing unrest and evaluate economic [...]
SEOUL, Dec. 11 (Korea Bizwire) — North Korea’s state media on Wednesday reported on the martial law turmoil in South Korea for the first time, including the opposition’s push to impeach President Yoon Suk Yeol, while blaming Yoon for causing nationwide chaos. “The shocking incident of the puppet Yoon Suk Yeol regime … suddenly declaring [...]
SEOUL, Dec. 11 (Korea Bizwire) — Finance Minister Choi Sang-mok said Wednesday that the government will continue to closely monitor the market and to fully implement market stabilization measures amid lingering uncertainties from a political crisis. Choi made the remarks during a daily emergency meeting with Bank of Korea Gov. Rhee Chang-yong and other top [...]
SEOUL, Dec. 11 (Korea Bizwire) — The government said Wednesday it will work to enhance the competitiveness of the domestic aviation industry while minimizing potential monopolistic harm from the soon pending merger between Korean Air Co. and Asiana Airlines Inc. The transport ministry announced an aviation industry support plan during a meeting of industries-focused ministries held at [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korea’s oceans ministry said Wednesday the government will invest 14 trillion won (US$9.75 billion) through 2045 to upgrade Busan Port, aiming to achieve the world’s largest container handling capacity and establish it as the leading logistics hub in the region. Under the plan, South Korea will construct a [...]
SEOUL, Dec. 11 (Korea Bizwire) — The main opposition Democratic Party (DP) is set to introduce a new impeachment motion against President Yoon Suk Yeol on Wednesday over his failed bid to impose martial law, days after Yoon avoided impeachment because most ruling party lawmakers boycotted a vote. The DP’s move comes after a motion [...]