SEOUL, Sept. 1 (Korea Bizwire) — Air Force Lt. Gen. Jin Yong-sung has been tapped to lead South Korea’s Joint Chiefs of Staff (JCS), the defense ministry said Monday, in the first major military reshuffle under the Lee Jae Myung government. Jin, who has led the Strategic Command as its inaugural chief, was promoted to [...]
SEOUL, Sept. 1 (Korea Bizwire) – Former first lady asked for the Unification Church’s cooperation in backing a specific candidate in the People Power Party’s (PPP) leadership election in March 2023, an indictment written by special counsel Min Joong-ki’s team showed Monday. The team suspects that the Unification Church sought to request various policy favors from the administration [...]
SEOUL, Sept. 1 (Korea Bizwire) — The justice ministry on Monday submitted a request to the National Assembly for its consent to detain Rep. Kweon Seong-dong of the main opposition People Power Party embroiled in bribery allegations. Last week, special counsel Min Joong-ki’s team filed for an arrest warrant for Kweon suspected of receiving 100 [...]
SEOUL, Sept. 1 (Korea Bizwire) — The foreign ministry held a joint meeting with overseas diplomatic missions Monday to review measures to protect its nationals in Indonesia, as nationwide protests escalate over lawmakers’ privileges. Yoon Chu-sok, director general for overseas Koreans and consular affairs, urged officials in the meeting to closely monitor developments, maintain constant [...]
SEOUL, Sept. 1 (Korea Bizwire) – The presidential Office of National Security held a cybersecurity response meeting Monday to strengthen defenses against evolving cyber threats driven by artificial intelligence (AI). Oh Hyun-joo, the third deputy national security officer, chaired the session attended by officials from 10 government agencies, including the National Intelligence Service and the [...]
SEOUL, Sept. 1 (Korea Bizwire) — Britain’s Trade Minister Douglas Alexander paid a rare visit to an artificial intelligence (AI) research center of LG Group on Monday as the South Korean company prepares to launch a new financial service with the London exchange. Alexander visited the AI research center in western Seoul with officials from [...]
SEOUL, Sept. 1 (Korea Bizwire) — SK hynix Inc. and its labor union reached a tentative wage deal Monday that includes a 6 percent pay rise and the removal of the ceiling on so-called profit-sharing bonuses, industry sources said. After 11 rounds of negotiations over the past three months, the management and the union decided [...]
SEOUL, Sept. 1 (Korea Bizwire) — Former President Yoon Suk Yeol resisted a special counsel team’s attempt to execute detention warrants against him last month, according to surveillance footage reviewed by lawmakers of the ruling Democratic Party (DP) and the minor Rebuilding Korea Party on Monday. Lawmakers on the parliamentary legislation and judiciary committee, along [...]
SEOUL, Sept. 1 (Korea Bizwire) — Hyundai Rotem Co., South Korea’s sole tank manufacturer, said Monday it will unveil a localized mock-up of its K2 tank for Poland this week, following an 8.98 trillion-won (US$6.5 billion) deal last month to export the product to the Eastern European country. The company plans to showcase the K2PL [...]
SEJONG, Sept. 1 (Korea Bizwire) — South Korea’s government has proposed a 2025 budget that emphasizes everyday safety and cost-of-living relief, with measures ranging from preventing car accidents and manhole falls to subsidizing school fruit snacks and low-cost weddings in national parks. The Ministry of Economy and Finance on Sunday outlined plans that reflect a [...]