SEOUL, Feb. 5 (Korea Bizwire) – Samsung Electronics Co. Chairman Lee Jae-yong on Monday was acquitted of any wrongdoing in a controversial 2015 merger case, a decision expected to strengthen his leadership to overcome mounting challenges and accelerate decision-making within South Korea’s largest conglomerate. Earlier in the day, a Seoul court cleared Lee of charges [...]
SEOUL, Feb. 5 (Korea Bizwire) – South Korea is set to advocate for the reduction of smoking depictions in online video services such as YouTube and Netflix at the upcoming World Health Organization (WHO) conference. The Ministry of Health and Welfare announced its participation in the 10th session of the Conference of the Parties (COP) to [...]
SEOUL, Feb. 5 (Korea Bizwire) – A recent survey has shown that labor experts consider the reintroduction of the “Yellow Envelope Law” (an amendment to the Labor Union and Labor Relations Act) as the most crucial pledge for office workers in this year’s general election. Gabjil 119, a civic group, conducted a poll among its affiliated [...]
SEOUL, Feb. 4 (Korea Bizwire) — Hanwha Group, a South Korean energy-to-defense conglomerate, said Sunday its affiliates were set to showcase key weapons technologies at a global defense fair in Saudi Arabia this week. Hanwha, which has defense industry affiliates, including Hanwha Aerospace and Hanwha Ocean, under its wing, said its arms technologies will be [...]
SEOUL, Feb. 5 (Korea Bizwire) — Vietnam remained South Korea’s third-largest trading partner for the second straight year in 2023 though exports to and imports from the Southeast Asian nation slowed, data showed Monday. South Korea’s trade with Vietnam came to US$79.43 billion last year, with exports sinking 12.3 percent to $53.49 billion, according to [...]
SEOUL, Feb. 5 (Korea Bizwire) – A recent study suggests that if current levels of greenhouse gas emissions persist, the number of summer fatalities in Seoul could increase by up to 82% by the late 21st century. Even with efforts to achieve carbon neutrality, the increase in mortality rate could reach 23%. Published in the Journal [...]
SEOUL, Feb. 5 (Korea Bizwire) – A recent analysis has revealed that the average cost of getting married in South Korea now exceeds 300 million won, with the price of a new couple’s home making up 79% of the total expenses. Despite this, additional costs such as dowries have also proven to be significant, exceeding 20 [...]
SEOUL, Feb. 4 (Korea Bizwire) – South Korea will begin discussions on raising state health insurance premiums in order to make the program sustainable amid the low birth rate and aging population, the health ministry said Sunday. The government has outlined the second comprehensive state health insurance program for the 2024-2028 period, with the aim [...]
WASHINGTON, Feb. 2 (Korea Bizwire) – The United States called on North Korea Friday to refrain from further “provocative” and “destabilizing” actions and come back to dialogue, after Pyongyang conducted another round of cruise missile launches. Seoul’s Joint Chiefs of Staff announced that Pyongyang fired the missiles into the Yellow Sea on Friday morning (Korea [...]
SEOUL, Feb. 2 (Korea Bizwire) – Prosecutors on Friday sought a one-year prison sentence for O Yeong-su, the winner of a 2022 Golden Globe award for his role in “Squid Game,” on charges of sexually harassing a woman in 2017. The 79-year-old O was indicted in November 2022 over allegations that he hugged a woman [...]