SEOUL, Jan. 13 (Korea Bizwire) –Prominent figures in the Korean cultural and arts community, including director Bong Joon-ho, have called for a thorough investigation into the death of actor Lee Sun-kyun, who committed suicide amidst a police investigation for alleged drug use. On January 12, the newly-formed Association of Solidarity of Cultural Artists held a [...]
SEOUL, Jan. 12 (Korea Bizwire) – A South Korean civic group is initiating a class-action lawsuit to help parents recoup some of the excessive fees spent on college consulting services. Professor Yang Jeong-ho of Sungkyunkwan University’s Department of Education announced the plan at a seminar on so-called private education cartels held at the Korea Press Center [...]
SEOUL, Jan. 12 (Korea Bizwire) – In a significant court ruling, former executives of SK Chemical and Aekyung Industrial were found guilty on January 11 for their involvement in selling harmful humidifier disinfectants. This judgment effectively acknowledges the causal link between all humidifier disinfectant ingredients and lung diseases. The Seoul High Court sentenced former SK Chemical [...]
WASHINGTON, Jan. 11 (Korea Bizwire) — Korean Americans from various walks of life and their supporters gathered in Washington on Thursday to celebrate Korean American Day in what has become an annual event to take stock of their achievements in the United States and promote their unity. Korean American lawmakers and those from government, business [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea has shown growing signs of an economic recovery led by exports, though domestic demand remains weak, the finance ministry said Friday. “Signs of an economic recovery centering on exports have been rising, and inflationary pressure has been moderating. But the pace of recovery among sectors has been [...]
SEOUL, Jan. 12 (Korea Bizwire) — The government vowed Friday to step up the monitoring of the real estate project financing (PF) market amid potential insolvency risks and concerns as Taeyoung Engineering & Construction Co. won support from creditors to start a debt restructuring program. The midsized builder has received 96.1 percent of support from [...]
SEOUL, Jan. 12 (Korea Bizwire) – Out of 89 regions in South Korea designated as declining in population, nine have successfully reversed this trend, largely due to a common factor: improvements in the residential environment. According to the ’2023 Year-End Resident Registration Population Statistics’ released by the Ministry of the Interior and Safety on January 10, [...]
GIMPO, Jan. 12 (Korea Bizwire) – The city of Gimpo in Gyeonggi Province has decided to take legal action against a construction company, Y Construction, and its supervisory team for violating building height restrictions near Gimpo Airport, causing delays in apartment occupancy. The city announced on January 10 that it planned to file a complaint with [...]
JEJU, Jan. 12 (Korea Bizwire) – Jeju Island in South Korea is set to fully implement a new program designed to compensate local residents and landowners who contribute to the preservation of the island’s natural environment. The initiative will soon be recruiting participants, following the establishment of implementation guidelines. These guidelines include setting an hourly wage [...]
SEOUL, Jan. 12 (Korea Bizwire) – In a significant advancement for military training facilities, the South Korean Army has unveiled the nation’s first shooting range with a barrier wall structure, designed to drastically reduce grenade shrapnel, stray bullets, and firing noise. This ground-breaking development represents a major step forward in enhancing both training efficiency and community [...]