SEOUL, June 29 (Korea Bizwire) – South Korea’s industry ministry said Friday it will add 243 more items that can potentially be used for military purposes to the list of products regulated for export to Russia and Belarus. The decision raised the number of such items to 1,402, as South Korea has been tightening its [...]
ULSAN, June 28 (Korea Bizwire) – Hyundai Motor Co. and its labor union on Friday reached an agreement to hire 1,100 new manufacturing workers by 2026. The agreement was reached in the 10th round of negotiations related to wages and working conditions held at the company’s plant in Ulsan, 299 kilometers southeast of Seoul. The [...]
SEOUL, June 28 (Korea Bizwire) – A memoir by former National Assembly Speaker Kim Jin-pyo has sparked political debate with the claim that President Yoon Suk Yeol speculated the 2022 Itaewon crowd crush may have been manipulated. In his memoir revealed Thursday, Kim recounted his private conversation with Yoon during a breakfast prayer meeting, held [...]
SEOUL, Jun. 28 (Korea Bizwire) – A recent survey has revealed that a significant portion of South Koreans are opting out of summer vacations, with job hunting and exam preparation cited as the primary reasons. The study, conducted by EduWill, a comprehensive education company, surveyed 197 adults aged 20 to 40 over a seven-day period ending [...]
SEJONG, Jun. 28 (Korea Bizwire) – A recent analysis by Statistics Korea’s Statistics Research Institute reveals that approximately four out of five young adults in South Korea are unmarried, with the rate of singlehood among those in their early to mid-30s tripling over the past two decades. The report, titled “How Has the Face of South [...]
SEOUL, Jun. 28 (Korea Bizwire) — South Korea’s industry ministry said Friday it has discussed ways to expand ties in addressing supply chain and export control issues with Washington under a regular bilateral dialogue. Industry Minister Ahn Duk-geun and his U.S. counterpart, Gina Raimondo, discussed related matters during the Supply Chain Commercial Dialogue (SCCD) in [...]
SEOUL, Jun. 28 (Korea Bizwire) — The military will expand a squadron-level unit for space operations into the Space Operations Group, the Air Force said Friday, in an effort to raise its operational efficiency in the crucial security domain. A ceremony marking the launch of the group-level unit will take place at Osan Air Base [...]
BRUSSELS/SEOUL, Jun. 28 (Korea Bizwire) — South Korea’s potential arms support for Ukraine should not be viewed on the same footing as North Korea’s suspected delivery of munitions to Russia, given the illegal nature of Russia’s invasion, the chief of the North Atlantic Treaty Organization (NATO) has said. NATO Secretary General Jens Stoltenberg also said [...]
SEOUL, Jun. 28 (Korea Bizwire) – In a significant legal decision, the Seoul Central District Court has ruled against national university students seeking tuition refunds for classes moved online during the COVID-19 pandemic. The verdict, delivered on June 27, marks another setback for students claiming their right to education was infringed upon due to the shift [...]
SEOUL, Jun. 28 (Korea Bizwire) – Air pollutant emissions from large-scale industrial facilities in South Korea rose to 220,441 tons in 2023, marking a 2.4% increase from the previous year’s 215,205 tons, according to a report released by the Ministry of Environment. The increase is attributed to an increase in the number of facilities equipped with [...]