SEOUL, Nov. 30 (Korea Bizwire) — Ven. Jaseung, an influential former leader of the Jogye Order, the nation’s largest Buddhist sect, has died in a fire at a temple, according to the Jogye Order on Thursday. Ven. Jaseung was visiting Chiljang Temple in Anseong, 64 kilometers south of the capital, when a fire erupted there [...]
SEOUL, Nov. 30 (Korea Bizwire) — A 4.0 magnitude earthquake struck the southeastern city of Gyeongju early Thursday, the state weather agency said, but no damage has been reported. The quake struck the city, 277 kilometers southeast of Seoul, at around 4:55 a.m. at an estimated depth of 12 km, and five aftershocks followed until [...]
SEOUL, Nov. 30 (Korea Bizwire) — Foreign Minister Park Jin on Thursday said South Korea “gave its best” in its campaign to host the 2030 World Expo, after the southeastern city of Busan lost to Saudi Arabia’s Riyadh in a vote earlier this week. Park made the remarks responding to reporters at the 5th International [...]
SEOUL, Nov. 30 (Korea Bizwire) — The government plans to establish a public corporation in April tasked with constructing an international airport on Gadeok Island in South Korea’s southeastern port city of Busan, according to officials Thursday. The transportation ministry said it will issue an advance notice of the legislation and related enforcement ordinance for [...]
JEONJU, Nov. 30 (Korea Bizwire) – To commemorate the World Day Against the Death Penalty on November 30, a related event took place a day earlier at Jeondong Cathedral in Jeonju, North Jeolla Province. This marked the first occurrence of the event in Jeonju since its initiation at Myeongdong Cathedral in Seoul in 2006. The [...]
SEOUL, Nov. 30 (Korea Bizwire) — President Yoon Suk Yeol has created a new presidential office for policy to improve coordination with the Cabinet and the ruling party and push policies to help people’s livelihoods, his office said Thursday. The new policy office will be headed by Lee Kwan-sup, who has until now served as [...]
SEOUL, Nov. 29 (Korea Bizwire) — The Organization for Economic Cooperation and Development (OECD) revised up the outlook for South Korea’s economic growth next year to 2.3 percent on a recovery in exports and eased geopolitical tensions, Seoul’s finance ministry said Wednesday. The figure marked a 0.2 percentage-point increase from its projection of 2.1 percent [...]
WASHINGTON, Nov. 29 (Korea Bizwire) — The U.S. Department of the Treasury on Wednesday sanctioned a cryptocurrency mixer for serving as a “key money-laundering tool” of a North Korea-linked hacking group, in the latest effort to prevent Pyongyang’s cyber activities meant to fund its weapons programs. The department added Sinbad.io, a virtual currency mixer used [...]
SEOUL, Nov. 30 (Korea Bizwire) – A recent report from the Korea ESG Standards Institute reveals that more than 50 percent of the country’s fashion enterprises are labeled as ‘vulnerable’ when it comes to their environmental, social, and governance (ESG) ratings. The institute, a leading ESG evaluation body in South Korea, graded 11 out of 19 [...]
SEOUL, Nov. 30 (Korea Bizwire) – This year, the aggregate value of stock options granted by publicly listed companies in South Korea has dipped to 950 billion won, marking the first time in five years that it has fallen below the 1 trillion won threshold. The decline in the stock market has been a contributing factor, [...]