SEOUL, Oct. 1 (Korea Bizwire) — Fewer than half of South Koreans believe unification with the North is necessary, though support has edged higher compared with a year ago, a new survey shows. The 2025 Unification Awareness Survey, conducted by Seoul National University’s Institute for Peace and Unification Studies and Gallup Korea, found that 41.1 [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s largest conglomerates have sharply increased their lobbying expenditures in the United States, more than doubling their spending in the past five years as they navigate regulatory pressures, trade disputes, and large-scale investments in America. According to new data released Wednesday by corporate tracker CEO Score, 52 Korean [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday that subscription-based platforms, including online video services, were the most common offenders in its latest crackdown on so-called “dark patterns,” deceptive online practices that make it difficult for consumers to cancel services or avoid hidden charges. The Korea Fair Trade Commission (KFTC) and [...]
SEOUL, Oct. 1 (Korea Bizwire) – Unionized workers at 15 airports nationwide, including the nation’s main Incheon International Airport, launched an indefinite strike Wednesday, raising concerns of possible disruptions to air travel ahead of the Chuseok holiday period. The general strike began at 6 a.m. at airports across the country, involving unions representing about 15,000 [...]
SEOUL, Oct. 1 (Korea Bizwire) – South Korea and the United States have reaffirmed a fundamental principle to avoid manipulating exchange rates and to monitor the “stability” of the foreign exchange (FX) market, Seoul’s finance ministry said Wednesday. The two countries have agreed to “avoid manipulating exchange rates or the international monetary system to prevent [...]
JEJU, Sept. 30 (Korea Bizwire) — Jeju Province will roll out a three-year pilot program to repurpose used electric-vehicle batteries into agricultural machinery and energy storage systems, underscoring South Korea’s broader push to strengthen its battery recycling industry. The project, set to run through 2027, will supply 100 devices—including farm equipment, transport robots, and streetlights [...]
WASHINGTON, Sept. 29 (Korea Bizwire) – The U.S. House version of an annual defense policy bill, passed earlier this month, includes a call for maintaining around 28,500 American troops in South Korea and reaffirming the United States’ deterrence commitment to the Asian ally, its text showed Monday. The House approved its version of the National [...]
BERLIN, Sept. 29 (Korea Bizwire) — With just a week left before a deadline to dismantle a comfort woman statue in Berlin, a Korean civic group has filed an injunction against the local district office, seeking to preserve the memorial that has become a focal point of historical and diplomatic tensions. The Korea Verband, a [...]
SEOUL, Sept. 29 (Korea Bizwire) — The relative poverty rate among South Korea’s retired population reached the highest level among member countries of the Organization for Economic Cooperation and Development (OECD), data showed Monday. For those aged 65 and older, the relative poverty rate stood at 39.8 percent in 2023, up 0.1 percentage point from [...]
SEOUL, Sept. 29 (Korea Bizwire) — South Korea’s two largest automakers, Hyundai Motor and Kia, have agreed to broaden the scope of “ordinary wages” in their latest labor agreements, a move that could reshape labor relations and intensify cost pressures across corporate Korea. The accords, reached earlier this month, follow a Supreme Court ruling last December [...]