SEOUL, Dec. 5 (Korea Bizwire) — Amid South Korea’s declining birthrate, corporations are stepping up with innovative and generous measures to support employees who choose to have children. From cash incentives to tailored family support policies, the private sector is playing a growing role in addressing the country’s demographic challenges. Buoyed by a groundbreaking policy [...]
WASHINGTON, Dec. 4 (Korea Bizwire) — President Yoon Suk Yeol “badly misjudged” his short-lived imposition of emergency martial law this week, a senior U.S. diplomat said Wednesday, highlighting that South Korea’s past experience of similar events has a “deep” and “negative” resonance in the Asian country. Deputy Secretary of State Kurt Campbell made the remarks [...]
SEOUL, Dec. 5 (Korea Bizwire) – When Choo Shin-soo, one of South Korea’s most successful Major League Baseball players, recently addressed longstanding rumors about avoiding national team duty after receiving a military service exemption, his explanation that “the team opposed it” did little to quell public criticism. Despite his distinguished 16-year career in American baseball, online [...]
SEOUL, Dec. 5 (Korea Bizwire) — The main opposition Democratic Party (DP) said Thursday it will push for a vote Saturday for an impeachment motion against President Yoon Suk Yeol over his declaration of martial law and subsequent lifting. The DP and five other minor opposition parties have submitted an impeachment motion, arguing Yoon’s martial [...]
SEOUL, Dec. 5 (Korea Bizwire) — A new defense treaty signed by the leaders of North Korea and Russia in June came into force this week as the two nations have exchanged the treaty ratification instruments, state media reported Thursday. The comprehensive strategic partnership treaty went into effect Dec. 4, when the two sides signed [...]
SEOUL, Dec. 5 (Korea Bizwire) — Choi Byung-hyuk, the nominee to lead the defense ministry, is a retired four-star Army general currently serving as the ambassador to Saudi Arabia. Choi, a graduate of the Korea Military Academy, served as the commander of a security brigade and the director of operations at the Capital Defense Command [...]
SEOUL, Dec. 5 (Korea Bizwire) — North Korea’s state media on Thursday kept mum about President Yoon Suk Yeol’s short-lived imposition of emergency martial law and its political repercussions. Yoon abruptly declared martial law late Tuesday, accusing the opposition of paralyzing the government with “anti-state” activities. He lifted the decree hours after the National Assembly [...]
SEOUL, Dec. 5 (Korea Bizwire) — Seven out of 10 South Koreans support impeaching President Yoon Suk Yeol over his short-lived martial law declaration, a survey showed Thursday, after it caused political turmoil and unsettled markets. Yoon faces an impeachment motion submitted by opposition lawmakers, who argue his actions violated the Constitution and other laws [...]
SEOUL, Dec. 5 (Korea Bizwire) — Han Dong-hoon, the leader of the ruling People Power Party (PPP), said Thursday he will make efforts to unite his party to block the passage of an opposition-led motion to impeach President Yoon Suk Yeol. Han made the remark after the main opposition Democratic Party (DP) and five other [...]
SEOUL, Dec. 5 (Korea Bizwire) — Former Defense Minister Kim Yong-hyun ordered troops to infiltrate the National Assembly and block lawmakers from entering the compound during martial law, vice defense minister said Thursday. Vice Defense Minister Kim Seon-ho made the remark in response to a lawmaker’s question in a parliamentary session, as South Korea is [...]