SEOUL, Nov. 25 (Korea Bizwire) — North Korea and Russia have signed a protocol on enhancing sports exchanges for next year, the North’s state media said Monday, as the two nations have been bolstering cooperation in various fields. Kim Il-guk, North Korea’s minister of physical culture and sports, signed the protocol with Russian Sports Minister [...]
SEOUL, Nov. 25 (Korea Bizwire) — The business presence of South Korean companies in China has withered palpably in recent years amid toughened competition from local rivals and sluggish domestic demand in the neighboring country, according to industry watchers Monday. In September, LG Display Co. sold its liquid-crystal display (LCD) factory in China’s Guangzhou to [...]
TOKYO/SEOUL, Nov. 25 (Korea Bizwire) — The South Korean government held its own ceremony in Japan on Monday to honor Korean forced labor victims from an old Japanese mine complex, after boycotting a Japan-hosted event over Tokyo’s apparent insincerity in delivering on its pledge to remember the victims. Foreign ministry officials from Seoul and nine [...]
SEOUL, Nov. 25 (Korea Bizwire) — South Korea has designated May 27 as Aerospace Day to commemorate the launch of the Korea AeroSpace Administration (KASA) and proclaim the country’s commitment to becoming a global space power, the national space agency said Monday. The day will be commemorated as a national memorial day starting next year, [...]
SEJONG, Nov. 25 (Korea Bizwire) — The national pension fund said Monday that the number of its recipients reached 7 million this month, marking the first time the milestone has been reached since its launch in 1988. “More than half of South Koreans aged 65 and above are currently receiving national pension,” the National Pension [...]
SEOUL, Nov. 25 (Korea Bizwire) — The government will seek to revitalize Korean language education in foreign elementary and middle schools, the Ministry of Education said Monday, amid growing overseas interest in Korean after author Han Kang’s recent Nobel Prize in literature award. To that end, it will establish a new specialized organization to devise [...]
TOKYO, Nov. 25 (Korea Bizwire) — The Japanese government on Monday expressed regret over South Korea boycotting a Japan-led event honoring wartime forced labor victims, including Koreans, from an old Japanese mine complex. The remark came as South Korea boycotted the memorial held on Sado Island, off Japan’s west coast, on Sunday and held its [...]
SEOUL, Nov. 25 (Korea Bizwire) – Following the recent suicide of a single mother in her 30s who was harassed by loan sharks, experts are calling for stronger enforcement of debt collection laws amid continuing reports of illegal collection practices. According to the Supreme Court’s Judicial Yearbook released November 24, only 13 cases (16.7%) out of [...]
SEOUL, Nov. 25 (Korea Bizwire) – A provision to exempt semiconductor R&D workers from South Korea’s 52-hour workweek regulation faces potential elimination from the proposed Semiconductor Industry Special Act, dealing another blow to efforts to reform the country’s strict labor laws. According to parliamentary sources on November 24, the National Assembly’s Trade, Industry, Energy, SMEs, and [...]
SEOUL, Nov. 24 (Korea Bizwire) – In a remarkable display of soft power, Russia and North Korea have deepened their military and diplomatic relationship through the exchange of exotic animals, signaling a new facet of their growing alliance. On November 20, Russia gifted North Korea a collection of animals, including a lion, two brown bears, two [...]