SEOUL, Aug. 4 (Korea Bizwire) – Nearly 2,500 cases of prohibited items, including live ammunition and Tasers, have been detected during security checks at South Korean airports over the past 4 1/2 years, data showed Sunday. The Korea Airports Corp., which operates 14 international and domestic airports nationwide, and the Incheon International Airport Corp., the [...]
SEOUL, Aug. 2 (Korea Bizwire) – The opposition-controlled National Assembly passed a bill on providing cash handouts to the entire population Friday despite protest from ruling party lawmakers. The bill passed in a 186-1 vote held after the Assembly, controlled by the main opposition Democratic Party (DP), voted to end a filibuster by the ruling [...]
SEOUL, Aug. 2 (Korea Bizwire) – A recent survey reveals a generational divide in attitudes towards car ownership in South Korea, with younger adults showing less enthusiasm for purchasing vehicles compared to their older counterparts. According to a study conducted by Embrain Trend Monitor, a market research firm, 74.7% of respondents agreed that cars are essential [...]
ROME, Aug. 1 (Korea Bizwire) — A Montenegrin appeals court ruled Thursday that South Korean crypto entrepreneur Do Kwon should be extradited to his home country, a decision that allows for him to face trial back home over a massive crypto crash. The appeals court announced on its web page that it finalized the Podgorica [...]
BUSAN, Aug. 2 (Korea Bizwire) – The South Korean port city of Busan is experiencing an ongoing population drain, particularly among its younger residents, according to recent government statistics. Data released on August 1 by the Dongnam Regional Statistics Office reveals that Busan saw a net outflow of 3,742 residents in the second quarter of this year. [...]
SEOUL, Aug. 1 (Korea Bizwire) – Samsung Electronics Co.’s largest labor union on Thursday urged company Chairman Lee Jae-yong to intervene in a weekslong strike after wage negotiations failed. “It’s time for Chairman Lee to come forward and clarify his position to resolve the general strike,” the National Samsung Electronics Union (NSEU) said at a [...]
SEOUL, Aug. 1 (Korea Bizwire) – South Korea on Thursday proposed providing humanitarian aid to North Korea over damage from the recent downpours in its northern border areas along the Amnok River, as the North is believed to have sustained huge casualties. The unification ministry said it is willing to urgently support the North Korean [...]
YANGGU, Aug. 1 (Korea Bizwire) – In the tranquil town of Yanggu, nestled in the mountains of Gangwon Province, residents are once again grappling with the prospect of their homes being submerged. The announcement of a new dam project has reignited a decades-old conflict, leaving many in this close-knit community feeling betrayed and powerless. “I couldn’t [...]
SEOUL, Aug. 1 (Korea Bizwire) — The unification ministry on Thursday unveiled a monument near the inter-Korean border to commemorate North Korean defectors who lost their lives during escapes from the repressive regime. The monument was set up at the Odusan Unification Observatory in Paju, a border city just south of the Demilitarized Zone separating [...]
SEOUL, Aug. 1 (Korea Bizwire) – A recent study has revealed that the introduction of digital ordering systems in South Korean restaurants has led to a significant reduction in serving staff, highlighting the growing impact of technology on the service industry. On July 31, the Korea Employment Information Service released a report titled “Analysis of Job [...]