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Business Income Gap Widens: Top 10% Earn Seven Times Average, Study Shows

Business Income Gap Widens: Top 10% Earn Seven Times Average, Study Shows

SEOUL, Oct. 28 (Korea Bizwire) – South Korea’s income inequality among self-employed business owners has reached striking levels, with the top 10% of business income earners making seven times the average income, according to new tax data.  National Assembly data released on October 27 reveals that the top 10% of business income earners, approximately 847,354 individuals, [...]

South Korea Unveils Plan to Protect Endangered Mountain Goats After Mass Die-Off

South Korea Unveils Plan to Protect Endangered Mountain Goats After Mass Die-Off

SEOUL, Oct. 28 (Korea Bizwire) – After the death of more than 1,000 Korean mountain goats – a natural monument and critically endangered species – last winter, the South Korean government has announced new protective measures for the upcoming winter season. The Ministry of Environment and the National Heritage Administration revealed on October 27 that they [...]

Award-Winning Wetland Faces Destruction as Controversial Bridge Project Breaks Ground in Busan

Award-Winning Wetland Faces Destruction as Controversial Bridge Project Breaks Ground in Busan

BUSAN, Oct. 27 (Korea Bizwire) – A crucial wetland habitat known as “Swan Lake and Sky Pond” in Busan has been selected for the 22nd “Let’s Protect This Place!” citizens’ campaign award by the Korea National Trust, just as it faces destruction from a controversial bridge project. The site, located in the Nakdong River estuary, represents [...]

Controversial American YouTuber Assaulted During Livestream in Seoul

Controversial American YouTuber Assaulted During Livestream in Seoul

SEOUL, Oct. 27 (Korea Bizwire) – A controversial American YouTuber who goes by the name Johnny Somali, known for his provocative behavior including disruptive acts at convenience stores and inappropriate interactions with comfort women statues, was assaulted during a livestream in Seoul. According to footage shared on online communities on October 27, Somali, whose real name [...]

Finance Chief Pledges to Maintain Low State Debt Level in Meeting with Moody’s Executive

Finance Chief Pledges to Maintain Low State Debt Level in Meeting with Moody’s Executive

SEOUL, Oct. 27 (Korea Bizwire) – South Korea’s Finance Minister Choi Sang-mok vowed to minimize the pace of its government debt growth through stricter budget restructuring in a meeting with a manager of Moody’s Investors Service, the finance ministry said Sunday. Choi made the remarks when he met with Marie Diron, managing director of Moody’s [...]

Tensions Rise as North Korean Loudspeakers Push South Korean Border Villages to the Brink

Tensions Rise as North Korean Loudspeakers Push South Korean Border Villages to the Brink

SEOUL, Oct. 26 (Korea Bizwire) – Residents of three South Korean villages near the heavily fortified border with North Korea have reached their breaking point after enduring more than 20 days of relentless psychological warfare, with North Korean loudspeakers blasting propaganda and disturbing sounds day and night since September 28. The conflict escalated after an organization [...]

Majority of South Koreans Support Extending Animal Protection Laws to Fish, Survey Shows

Majority of South Koreans Support Extending Animal Protection Laws to Fish, Survey Shows

SEOUL, Oct. 25 (Korea Bizwire) – Eight out of ten South Koreans believe the country’s animal protection laws should be extended to include fish raised for food consumption, according to a new survey highlighting growing public awareness of aquatic animal welfare. The Animal Welfare Awareness Research & Education (AWARE) released findings on October 24 from its [...]