WASHINGTON, Dec. 3 (Korea Bizwire) — South Korean President Yoon Suk Yeol’s short-lived declaration of martial law appeared to have taken the United States aback, pushing its officials to ensure the alliance with the long-trusted Asian ally is “ironclad” while voicing hope for a “peaceful” resolution. After Yoon made the surprise declaration of emergency martial [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korea’s top general on Wednesday ordered the military to focus on its duty of protecting the public after the National Assembly voted to reject President Yoon Suk Yeol’s declaration of martial law. Joint Chiefs of Staff (JCS) Chairman Adm. Kim Myung-soo made the remark in an emergency meeting [...]
SEOUL, Dec. 4 (Korea Bizwire) – South Korea’s private universities, including major institutions in Seoul, are grappling with mounting financial difficulties due to shrinking student populations and frozen tuition fees. An alarming analysis presented at a National Assembly forum on December 3 revealed that eight out of ten leading private universities in Seoul are operating [...]
SEOUL, Dec. 4 (Korea Bizwire) – SK Bioscience has prevailed in an appellate court ruling against Pfizer’s subsidiary, Wyeth LLC, in a patent infringement lawsuit concerning the export of pneumococcal vaccine components to Russia. The Patent Court of Korea overturned a lower court decision, ruling that SK Bioscience’s supply of the 13-valent pneumococcal conjugate vaccine [...]
SEOUL, Dec. 4 (Korea Bizwire) – South Korea’s consumer protection agency revealed on December 3 that many biodegradable plastic products are being marketed with misleading claims that don’t match their actual certifications, potentially confusing consumers about their environmental impact. The Korea Consumer Agency (KCA) examined online advertisements for 80 biodegradable plastic products currently available in the [...]
SEOUL, Dec. 3 (Korea Bizwire) – In a dramatic turn of events, South Korea’s National Assembly passed a resolution early Wednesday morning to rescind President Yoon Suk Yeol’s declaration of martial law, which had been announced just hours earlier on Tuesday evening. The swift and tense developments have drawn thousands of protesters to the streets. On [...]
SEOUL, Dec. 3 (Korea Bizwire) – President Yoon Suk Yeol declared martial law late Tuesday, citing escalating threats to national security and constitutional order. The announcement, delivered in an emergency address from the presidential office in Yongsan, invoked Article 77 of the South Korean Constitution, which permits martial law in cases of war, armed conflict, or [...]
SEOUL, Dec. 3 (Korea Bizwire) – President Yoon Suk Yeol declared martial law on December 3, pledging to “rebuild and safeguard the Republic of Korea from descending into ruin.” The announcement came during an emergency briefing held at the presidential office in Yongsan, Seoul. In response, Defense Minister Kim Yong-hyun convened a late-night meeting with senior [...]
SEOUL, Dec. 3 (Korea Bizwire) – South Korea has officially launched a project to develop Tech-GPT, an AI-powered platform designed to explore global technologies, companies, and talent, leveraging generative AI capabilities. The Ministry of Trade, Industry, and Energy announced on Tuesday that it held a signing ceremony for the Tech-GPT project in collaboration with the Korea [...]
SEOUL, Dec. 3 (Korea Bizwire) –Half of the citizens from eight countries regard the unification of South and North Korea as necessary, and North Korea giving up its nuclear weapons is cited as the top prerequisite for unification, a poll showed Tuesday. A total of 50 percent of respondents said the two Koreas should [...]