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 [...]
SEOUL, Dec. 11 (Korea Bizwire) – South Koreans are reporting increasing signs of psychological distress in the wake of the sudden declaration of martial law on December 3, with many citizens describing symptoms of anxiety and sleeplessness as the nation grapples with its most significant political crisis in decades. For many older South Koreans, the declaration [...]
SEOUL, Dec. 11 (Korea Bizwire) – Cafes near South Korea’s National Assembly have become centers of an impromptu “pay it forward” initiative, where supporters nationwide and abroad are purchasing refreshments in advance for protesters calling for President Yoon Suk Yeol’s impeachment. “A young voice called asking about our cheapest rice cakes, saying they wanted to pay [...]
SEOUL, Dec. 10 (Korea Bizwire) – South Korea’s Artificial Intelligence (AI) Framework Act, once slated for approval by the end of the year, has been derailed due to escalating political tensions following the botched martial law incident and the collapse of an impeachment motion against President Yoon Suk-yeol. The delay has heightened uncertainty for the country’s [...]
SEJONG, Dec. 10 (Korea Bizwire) – The National Tax Service (NTS) of South Korea has implemented an AI-powered cybersecurity monitoring system to safeguard tax data against a surge in hacking attempts. Officially launched in December following a successful trial in October, the system significantly enhances the speed and efficiency of threat detection and response. The AI [...]
SEOUL, Dec. 10 (Korea Bizwire) – North Korea has not reported on last week’s martial law declaration in South Korea or its fallout in the following week through Tuesday, including the opposition’s push to impeach President Yoon Suk Yeol. North Korea’s key news media, including the Rodong Sinmun and the Korean Central News Agency, have [...]
SEOUL, Dec. 10 (Korea Bizwire) – South Korean electronics manufacturers are closely monitoring potential trade policy shifts as President-elect Donald Trump continues to emphasize the importance of high tariffs on Korean-made washing machines. Industry observers are particularly concerned about Trump’s campaign promise to impose a universal 10-20% tariff on all imports, which could affect the entire range [...]
SEOUL, Dec. 10 (Korea Bizwire) – Political turmoil following President Yoon Suk Yeol’s declaration of martial law has cast doubt on South Korea’s anticipated 9 trillion won export deal with Poland for additional K2 Black Panther tanks. As the December 3 martial law crisis continues to impede the president’s ability to perform his duties normally, concerns are [...]
SEOUL, Dec. 10 (Korea Bizwire) — Former Defense Minister Kim Yong-hyun issued an order to prevent 150 lawmakers from gathering at the National Assembly on the night of last week’s martial law declaration, a military commander said Tuesday. Lt. Gen. Kwak Jong-keun, chief of the Army Special Warfare Command, claimed at a parliamentary session that [...]
SEOUL, Dec. 10 (Korea Bizwire) — The National Assembly is set to open a plenary session Tuesday to vote on a bill mandating a permanent special counsel to investigate treason charges against President Yoon Suk Yeol over his failed bid to impose martial law last week. The bill calls for an investigation into Yoon, former [...]