WASHINGTON, Jan. 8 (Korea Bizwire) — A U.S.-headquartered political risk consultancy named North Korea, Russia and Iran an “axis of rogues” in a report on its forecast of this year’s “top risks” on Monday, warning their deeper alignment and mutual support will pose a growing threat to global stability. Eurasia Group released the “Top Risks [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korea’s trade ministry said Tuesday that Guatemala has formally signed a deal to join Seoul’s free trade agreement (FTA) with a group of Central American nations. The inclusion came around three years after South Korea and five Central American nations — Costa Rica, El Salvador, Panama, Honduras and [...]
SEOUL, Jan. 9 (Korea Bizwire) — Police have released a man in his 70s who was detained on suspicion of aiding and abetting the suspect in the stabbing attack against opposition leader Lee Jae-myung, after concluding that his involvement was minor, officials said Tuesday. The Busan Metropolitan Police Agency had placed the man under emergency [...]
SEOUL, Jan. 9 (Korea Bizwire) – South Korea plans to introduce artificial intelligence (AI)-powered surveillance technology in some front-line outposts to replace outdated systems and better detect threats along the border with North Korea, the state arms agency said Tuesday. The new system with enhanced monitoring capabilities will be introduced in eastern front-line general outposts [...]
SEOUL, Jan. 9 (Korea Bizwire) — Snow began coating parts of the country early Tuesday, with up to 3 centimeters of snow per hour forecast to hit the greater Seoul area during the evening rush hour, the state weather agency said. A heavy snow advisory was issued across the greater Seoul area as of 9 [...]
SEOUL, Jan. 9 (Korea Bizwire) — President Yoon Suk Yeol called Tuesday for prioritizing the improvement of people’s livelihoods in the new year, listing increased support for vulnerable groups and new transportation systems as some of the government’s latest projects. Yoon issued the call during a Cabinet meeting at the presidential office as he noted [...]
SEJONG, Jan. 9 (Korea Bizwire) – A recent study conducted by the Korea Research Institute for Human Settlements reveals stark disparities in healthcare and education access between high and low-cost housing areas in Seoul. The study, released on January 8, indicates that the number of medical clinics or hospitals and doctors per capita is significantly lower [...]
SEOUL, Jan. 9 (Korea Bizwire) – The Supreme Court of South Korea has made a landmark ruling that the admissibility of secretly recorded conversations as evidence in court cases may be denied if they significantly invade personal privacy. The judgment came in the case of an individual referred to only as Choi and three others, who [...]
SEOUL, Jan. 8 (Korea Bizwire) – The risk of accidental clashes between the two Korea has risen as buffer zones created under a 2018 inter-Korean military agreement became invalid following North Korea’s conducting of live-fire drills near the western maritime border. Tension has escalated after North Korea fired around 350 rounds of artillery shells in [...]
SEJONG, Jan. 8 (Korea Bizwire) – The South Korean government has revised its regulations to prevent individuals who own high-value cars, such as those from Ferrari and Mercedes-Benz, from residing in public rental housing. This move aims to curb the trend of so-called ‘fake low-income’ individuals occupying housing meant for those in genuine need. According [...]