SEOUL, Oct. 2 (Korea Bizwire) — South Korean golf icon Pak Se-ri has received the Van Fleet Award for her contributions to strengthening relations between her country and the United States. Pak, a World Golf Hall of Famer and currently head of the Seri Pak Hope Foundation, was honored at the annual ceremony hosted by [...]
SEOUL, Oct. 2 (Korea Bizwire) – The South Korean Fair Trade Commission (FTC) has initiated regulatory action against AliExpress, the popular Chinese online shopping platform, over allegations of false advertising. On September 30, the FTC sent a report detailing potential sanctions to an AliExpress affiliate responsible for product sales. The commission determined that the company’s advertisements, [...]
SEOUL, Oct. 2 (Korea Bizwire) – One in five unemployed South Koreans has been out of work for more than six months, according to recent government data, marking the highest level of long-term unemployment since the aftermath of the 1997-98 Asian financial crisis. Statistics Korea reported that as of August, the number of long-term unemployed individuals [...]
SEOUL, Oct. 1 (Korea Bizwire) –A North Korean defector in his 30s was arrested by South Korean police after attempting to cross the heavily fortified border back into North Korea in a stolen bus. The incident, which occurred in the early hours of October 1, has raised questions about the challenges faced by some North [...]
SEOUL, Oct. 1 (Korea Bizwire) – South Korea showcased its most formidable missile, the Hyunmoo-5, for the first time on Tuesday in a clear signal to North Korea amid ongoing nuclear and missile threats. The unveiling took place during a ceremony at Seoul Air Base in Seongnam, just south of the capital, marking the country’s [...]
SEOUL, Oct. 1 (Korea Bizwire) – A recent study by the Bank of Korea suggests that an influx of foreign workers leads to increased employment opportunities for South Korean nationals in the long run, challenging some common perceptions about immigrant labor. The report, titled “The Impact of Foreign Worker Inflow on Regional Labor Markets,” was presented [...]
SEOUL, Oct. 1 (Korea Bizwire) – As the fever for medical school admissions intensifies in South Korea, lawmakers and education activists are pushing for legislation to regulate so-called “elementary med school” classes, where young children are taught advanced mathematics concepts typically reserved for high school or even university curricula. On September 30, Representative Kang Kyung-sook of [...]
WASHINGTON, Sept. 30 (Korea Bizwire) — South Korean diplomats, U.S. officials and Korean Americans on Monday celebrated the recent U.S. designation of an old Korean legation as a historic place — a cherished recognition of the building that served as the centerpiece of Korea’s diplomacy in Washington in the late 19th century. The Old Korean [...]
WASHINGTON, Sept. 30 (Korea Bizwire) — North Korea will never bargain over its “national prestige,” Pyongyang’s envoy to the U.N. said Monday, reaffirming the recalcitrant regime’s adherence to its nuclear weapons program in defiance of criticism against its growing security threats. Ambassador Kim Song made the remarks during a general debate at the U.N. General [...]
SEONGNAM, South Korea, Oct. 1 (Korea Bizwire) — South Korea kicked off a ceremony featuring major weapons systems on Tuesday morning to mark the 76th founding anniversary of its armed forces in an apparent warning against North Korea’s evolving nuclear and missile threats. Some 5,000 troops and 340 pieces of military equipment, including Hyunmoo surface-to-surface [...]