SEOUL, Sept. 24 (Korea Bizwire) – Samsung Electronics Co. and five major financial holding firms in South Korea signed an agreement Tuesday on providing financial support to small and medium-sized enterprises (SMEs) transitioning their business operations and manufacturing processes into environmentally friendly ones. Under the agreement, Samsung Electronics and the five financial holding firms — [...]
SEOUL, Sept. 24 (Korea Bizwire) — Rare butterfly samples collected by world-renowned Korean entomologist Seok Joo-myung across the country during Japanese colonial rule will be returned to South Korea from Japan this week, a government agency said Tuesday. The National Institute of Biological Resources (NIBR) said it plans to receive a donation of about 120 [...]
SEOUL, Sept. 24 (Korea Bizwire) – A new government report paints a stark picture of South Korea’s demographic future, projecting that the country’s rapid aging and declining birth rates will outpace global trends over the next five decades. The Statistics Korea report, released on September 23, forecasts that by 2072, nearly half of South Korea’s population [...]
SEOUL, Sept. 24 (Korea Bizwire) – The last suspect in the murder of a South Korean tourist in Pattaya, Thailand, was extradited home from Vietnam, after more than four months on the run, officials said Tuesday. The National Police Agency (NPA) said the suspect in his 30s was brought home early Tuesday. The man is [...]
SEOUL, Sept. 24 (Korea Bizwire) — The government and the ruling People Power Party (PPP) agreed Tuesday to take measures to support the unemployed youth and to swiftly pass a bill aimed at assisting the “youth in crisis.” During their policy consultations, the two sides decided to support young people seeking employment by increasing work [...]
SEOUL, Sept. 24 (Korea Bizwire) – In a display of digital prowess, the South Korean military has clinched its third consecutive victory at CyberNet 2024, a prestigious international cybersecurity competition hosted by the Dutch Cyber Command. The event, held from September 10 to 13, showcased the cyber capabilities of NATO member states and partner countries. The [...]
SEJONG, Sept. 23 (Korea Bizwire) – A stark revelation about the economic struggles of South Korea’s self-employed population has emerged from recent tax data, showing that nearly 75% of individual business owners reported monthly incomes below 1 million won in 2022. The figures, released by the National Tax Service and analyzed by Representative Park Sung-hoon of [...]
SEOUL, Sept. 23 (Korea Bizwire) – A recent incident involving South Korean soldiers sharing classified military passwords with civilian moneylenders has raised serious concerns about security breaches within the nation’s armed forces. According to military authorities on September 22, these classified passwords, known as “challenge and response” codes, are designated as Level 3 secrets under the [...]
SEOUL, Sept. 23 (Korea Bizwire) – In a significant step towards international standardization of urban infrastructure, South Korean-style street signs are set to appear in Ulaanbaatar, the capital of Mongolia, marking the first overseas implementation of South Korea’s addressing system. The South Korean Ministry of the Interior and Safety announced on September 22 that Minister Lee [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s military on Monday vowed to take “stern” military measures should North Korea “cross the line” with its ongoing trash balloon campaign or inflict serious damage to the South Korean people. The Joint Chiefs of Staff (JCS) made the remark in a statement in response to the North’s [...]