WASHINGTON, Jul. 24 (Korea Bizwire) — U.S. lawmakers, Korean Americans and others gathered in Washington on Wednesday to honor Korean War veterans and hope for lasting peace on the Korean Peninsula, as they commemorated the signing of the armistice that halted the conflict 71 years ago. Celebrating the National Korean War Veterans Armistice Day, the [...]
SEOUL, Jul. 25 (Korea Bizwire) – As South Korea grapples with its alarmingly low birth rate, the pharmaceutical and biotech industries are joining the effort to address this pressing social issue. Companies are expanding childbirth subsidies and implementing support measures for couples struggling with infertility, all in a bid to encourage employees to have children. According [...]
SEOUL, Jul. 25 (Korea Bizwire) — President Yoon Suk Yeol has tapped an economics professor at Hanyang University as the inaugural senior presidential secretary for low birth rate issues, sources said Thursday. The presidential office is expected to announce the nomination of You Hye-mi as early as later in the day, according to the sources. [...]
SEOUL, Jul. 25 (Korea Bizwire) — A former tutor of the English-language test TOEIC was sentenced to three years in prison for secretly giving exam answers to 18 test-takers in exchange for some 80 million won (US$57,776), court records showed Thursday. The 27-year-old, identified only by the surname Hong, was indicted on charges of luring [...]
SEOUL, July 24 (Korea Bizwire) – South Korean civic organizations are calling on the government to cease psychological warfare operations against North Korea through loudspeaker broadcasts. The groups plan to send letters of protest to President Yoon Suk Yeol and Defense Minister Shin Won-sik. On July 24, the Korean Peninsula Peace Action, a coalition of 607 [...]
SEOUL, Jul. 24 (Korea Bizwire) – Baemin, the dominant player in South Korea’s food delivery market with over 60% market share, is facing intense scrutiny following its decision to increase service fees. Civic groups and small business associations have accused the company, also known as Woowa Brothers, of engaging in unfair practices. The government’s newly formed [...]
SEOUL, Jul. 24 (Korea Bizwire) – A recent analysis of remittance data reveals a significant shift in the financial habits of foreign workers residing in South Korea, with an increasing number opting to send money to their own accounts abroad rather than to family members. BC Card, in collaboration with fintech company Global Money Express (GME), [...]
SEOUL, Jul. 24 (Korea Bizwire) – Starting August 14, automakers in South Korea will face a significant shift in how sudden acceleration incidents are handled. Under a new amendment to the Motor Vehicle Management Act, manufacturers who fail to submit relevant data about vehicles suspected of sudden acceleration will see those vehicles presumed defective. This presumption [...]
DAEJEON, Jul. 24 (Korea Bizwire) – A new study has revealed that “night owls” who wake up later in the day exhibit higher cognitive abilities than their “early bird” counterparts who rise at dawn. The research, conducted jointly by a team from the Korea Institute of Oriental Medicine (KIOM) and Imperial College London, analyzed the relationship [...]
WASHINGTON, Jul. 23 (Korea Bizwire) — Unification Minister Kim Yung-ho on Tuesday underscored the importance of “cultural” approaches to fostering internal change in North Korea, saying the inflow of South Korean pop culture is causing “cracks” in a rigid ideology-based society of the reclusive country. Kim also pointed out North Korean authorities’ “sense of crisis” [...]