SEOUL, July 13 (Korea Bizwire) – National Security Adviser Chang Ho-jin said Saturday the South Korea-U.S. alliance will remain sturdy regardless of whether former American President Donald Trump regains the presidency. “Regarding the South Korea-U.S. alliance, (we) have a solid support base across both the ruling and opposition sides in the United States,” Chang said [...]
SEOUL, July 13 (Korea Bizwire) – Hyundai Motor Co.’s labor and management have concluded their wage negotiations without a strike for the sixth year in a row, agreeing on the highest wage increase in the company’s history. The union said Saturday its members have voted to accept a tentative wage deal reached earlier in the [...]
SEOUL, July 13 (Korea Bizwire) – South Korea is on the cusp of becoming a “super-aged society” as its population of residents 65 and older surpasses 10 million, a demographic milestone that will see one in five citizens classified as elderly. According to data from the Ministry of the Interior and Safety, as of July 10, [...]
SEOUL, July 12 (Korea Bizwire) – In an unprecedented move, the National Samsung Electronics Union (NSEU) has launched its first general strike in the company’s history, focusing its efforts on semiconductor production lines to amplify its impact. On July 11, the fourth day of the strike, approximately 350 union members gathered in front of the 8-inch [...]
SEOUL, July 12 (Korea Bizwire) – The Korea TV Broadcasting System (KTV), a government-affiliated broadcaster operating under the Ministry of Culture, Sports and Tourism, has filed a lawsuit against a singer who posted a satirical video of President Yoon Suk Yeol and his staff performing a choral piece, police sources confirmed on July 11. The Mapo [...]
SEOUL, July 12 (Korea Bizwire) – Nearly 60 percent of North Korean defectors believe there is a need to change the legal term describing them, citing persistent negative perceptions associated with it, according to a survey released on Friday. The survey was conducted by the Korea Institute for National Unification, a state-run think tank, ahead [...]
SEOUL, Jul. 12 (Korea Bizwire) – The minimum wage for next year was set at 10,030 won (US$7.30) per hour Friday, marking the first time the compulsory hourly minimum wage has surpassed the 10,000 won level. The rate reached during the 11th plenary meeting of the Minimum Wage Commission marks an increase of 170 won, [...]
SEOUL, Jul. 12 (Korea Bizwire) — Senior doctors at three major hospitals affiliated with Korea University were set to begin reducing treatment of non-critical patients Friday, joining walkouts by two other major hospitals in support of striking junior doctors. The planned walkout by Korea University’s three hospitals — Anam Hospital, Guro Hosptial and Ansan Hospital [...]
SEOUL, Jul. 12 (Korea Bizwire) – The era of laser weapons has dawned in South Korea, as the country’s Defense Acquisition Program Administration (DAPA) announced on July 11 the commencement of mass production for its Laser Air Defense Weapon Block-I. This groundbreaking weapon system uses fiber-optic generated lasers to neutralize targets, specifically designed to precisely strike [...]
SEOUL, Jul. 12 (Korea Bizwire) – The Ministry of Education announced on July 11 that it will provide 56.1 billion won to support the restructuring of 86 departments at 60 vocational high schools as part of its “2024 Vocational High School Restructuring Support Project.” The initiative, which has been ongoing since 2016, aims to boost the [...]