GYEONGJU, South Korea, Oct. 29 (Korea Bizwire) – South Korea and the United States announced a finalized tariff agreement on Wednesday, ending months of contentious negotiations and signaling a deepening phase in their industrial partnership. President Lee Jae Myung and President Donald Trump confirmed the deal during talks held on the sidelines of the Asia-Pacific Economic [...]
KUALA LUMPUR, Oct. 29 (Korea Bizwire) – En route to Kuala Lumpur, U.S. Defense Secretary Pete Hegseth offered a strikingly positive endorsement of South Korea’s ambitions to reclaim wartime operational control from Washington, signaling a shift in how the alliance conceives of leadership during a crisis on the Korean Peninsula. Speaking to reporters aboard his plane [...]
SEOUL, Oct. 29 (Korea Bizwire) – Three years after a deadly crowd crush turned a festive Halloween night into one of South Korea’s darkest moments, visitors returned Wednesday to a narrow alley in Seoul’s Itaewon district. They came quietly, many before dawn, carrying white chrysanthemums and handwritten notes that filled the street once choked with panic [...]
GYEONGJU, South Korea, Oct. 29 (Korea Bizwire) – South Korean President Lee Jae Myung used a high-stakes summit in Gyeongju on Wednesday to push Washington toward a long-sought goal: the fuel needed to operate nuclear-powered submarines. Meeting U.S. President Donald Trump in the ancient capital, Lee argued that South Korea’s diesel-powered fleet no longer provides [...]
SEOUL, Oct. 29 (Korea Bizwire) — A South Korean court on Tuesday overturned the decades-old conviction of a 72-year-old man who was imprisoned during the military regime for possessing Karl Marx’s “Das Kapital,” ruling that his prior confession had been coerced. The Seoul Southern District Court acquitted Jeong Jin-tae, who was a student at Seoul National [...]
GWANGJU, Oct. 29 (Korea Bizwire) — A South Korean appeals court has acquitted a father and daughter who spent roughly 15 years behind bars for a notorious 2009 poisoning, concluding that the convictions rested on coerced, legally flawed confessions. The ruling lands in October 2025, under a new political landscape that has made criminal-justice safeguards [...]
SEOUL, Oct. 29 (Korea Bizwire) — A South Korean appellate court has ordered a hospital to pay approximately 620 million won (US$450,000) in damages to a family after finding that medical negligence during childbirth resulted in their son’s permanent disability. The ruling, handed down by the Suwon High Court recently, held that the hospital failed to [...]
SEOUL, Oct. 29 (Korea Bizwire) — South Korea has convened labor, business and government representatives to pursue the first major overhaul of the nation’s retirement pension system in more than two decades, aiming to strengthen income security for an aging workforce. The Ministry of Employment and Labor on Tuesday launched a tripartite task force dedicated to [...]
SEOUL, Oct. 29 (Korea Bizwire) – South Korea will expand financial protections for low-income debtors next year, introducing a new “livelihood account” that shields up to 2.5 million won (US$1,740) per month from seizure. The Ministry of Justice said Tuesday it will propose a revised enforcement decree to the Civil Execution Act that raises the [...]
JEJU, Oct. 28 (Korea Bizwire) — Jeju Province said Tuesday it will seek a legal revision by year’s end to classify sika deer as harmful wildlife and ban the feeding of feral pigeons, amid growing concerns over ecological disruption and public hygiene. The planned amendment to the provincial ordinance follows the central government’s move to add [...]