SEJONG, Nov. 27 (Korea Bizwire) — South Korea put forward a comprehensive package of support measures for the semiconductor industry Wednesday, with its top economic policymaker highlighting “growing headwinds” amid concerns of potential shifts in U.S. trade policy under the incoming Donald Trump administration and rising competition from Chinese rivals. “The next six months will [...]
SEOUL, Nov. 27 (Korea Bizwire) — The top diplomats of South Korea, Canada, France and Italy have voiced concerns over the threat posed by North Korea’s troop deployment to fight for Russia in its war with Ukraine, pledging to work together for a concerted response, Seoul’s foreign ministry said Wednesday. South Korean Foreign Minister Cho [...]
SEOUL, Nov. 27 (Korea Bizwire) — The presidential office plans to hold an emergency meeting Wednesday to discuss responses to U.S. President-elect Donald Trump’s proposal to impose tariffs on three trading partners, a senior presidential official said. The meeting comes after Trump said on social media that he will use an executive order to levy [...]
SEOUL, Nov. 27 (Korea Bizwire) — More than 16 centimeters of snow blanketed the capital city Wednesday, marking the biggest snowfall in November since modern weather observations began in 1907, the state weather agency said. As of 7 a.m., Seoul had received 16.5 cm of snow, topping the previous record of 12.4 cm on Nov. [...]
SEOUL, Nov. 27 (Korea Bizwire) — Closed-circuit television (CCTV) cameras have been spotted in classrooms of a newly completed high school in Pyongyang, footage from state media showed Wednesday, signaling a potential increase in scrutiny of young generations against exposure to outside influence. Last week, the Korean Central News Agency (KCNA) and the Korean Central [...]
SEJONG, Nov. 27 (Korea Bizwire) — The number of babies born in South Korea increased by the largest margin in almost 14 years in September, data showed Wednesday, as the country is struggling to address the grim demographic changes of ultra-low birth rate and rapid aging. A total of 20,590 babies were born in September, [...]
SEOUL, Nov. 27 (Korea Bizwire) – A new survey has revealed that more than three-quarters of South Korean mid-sized companies anticipate increased economic uncertainty when Donald Trump returns to the White House, highlighting growing concerns about potential shifts in U.S. trade and economic policies. The Federation of Middle Market Enterprises of Korea (FOMEK) released the findings [...]
SEJONG, Nov. 27 (Korea Bizwire) – South Koreans experience their largest per-capita financial deficit of 40.78 million won at age 17 and reach their maximum surplus of 17.53 million won at age 43, according to new government data. Labor income begins declining after peaking at 43, leading to a return to deficit spending at age 61. [...]
SEOUL, Nov. 27 (Korea Bizwire) – Korea’s financial investment sector will issue an urgent statement advocating for an amendment to the Commercial Act, extending directors’ fiduciary duty beyond companies to their shareholders. The statement, orchestrated by the Korea Corporate Governance Forum, will be unveiled on November 28 at the Press Center in Seoul. This move comes [...]
SEOUL, Nov. 26 (Korea Bizwire) – Naver Webtoon has successfully halted the operation of over 70 illegal overseas webtoon-sharing sites following legal proceedings in the United States, the company announced on Tuesday. The company recently filed a subpoena request with a U.S. court, seeking personal information from a major content delivery network and two domain registration [...]