SEOUL, Nov. 23 (Korea Bizwire) – The Seoul High Court on Thursday overturned a lower court’s rejection of a damages suit filed by victims of Japan’s wartime sexual slavery and ordered Japan to pay 200 million won (US$153,863) in compensation to each of the 16 victims. The victims, often euphemistically called “comfort women,” filed the [...]
SEOUL, Nov. 22 (Korea Bizwire) — Archbishop Paul Richard Gallagher, the Holy See’s secretary for relations with states, has held a Mass in Seoul in memory of early Korean martyrs, the Seoul Archdiocese said Wednesday. The Mass took place Tuesday at the Seosomun Shrine, which commemorates early Korean martyrs, with Archbishop of Seoul Peter Chung [...]
SEOUL, Nov. 23 (Korea Bizwire) — The chief of the Bank for International Settlements (BIS) said Thursday that governance and legal ambiguity should be solved on top of technical infrastructure advances for a step toward central bank digital currency projects. Many countries, including South Korea, have launched so-called central bank digital currency (CBDC) pilot programs [...]
SEOUL/PARIS, Nov. 23 (Korea Bizwire) — South Korea has been elected to the UNESCO World Heritage Committee for a four-year term through 2027, officials here said Thursday, marking the country’s fourth such election as a member of the committee. Seoul regained the membership at the 24th session of the General Assembly of the States Parties [...]
SEOUL, Nov. 23 (Korea Bizwire) — North Korea said Thursday it will immediately restore all military measures halted under a 2018 inter-Korean military accord after South Korea suspended part of the tension reduction deal following the North’s launch of a military spy satellite. The North’s defense ministry said it will “never be bound” by the [...]
SEOUL, Nov. 23 (Korea Bizwire) — The proportion of females in executive positions at the top 100 companies in South Korea reached the 6 percent mark for the first time ever this year, data showed Thursday. According to data of top 100 companies in terms of sales compiled by global headhunter UnicoSearch Inc., 439, or [...]
SEOUL, Nov. 23 (Korea Bizwire) — Defense chief Shin Won-sik said Thursday that South Korea’s partial suspension of a 2018 inter-Korean tension reduction deal is “a proportional response” and “a minimal defensive measure” against Pyongyang following its spy satellite launch. Shin’s comments came hours after North Korea’s defense ministry vowed to immediately restore all military [...]
SEOUL, Nov. 23 (Korea Bizwire) — South Korea plans to continue efforts to tame inflation amid the annual “gimjang” season during which households make kimchi ahead of winter, the deputy finance minister said Thursday. The remark followed reports that this year’s average price of making kimchi with 20 cabbages is estimated at 191,000 won (US$147), [...]
SEOUL, Nov. 23 (Korea Bizwire) — Foreign Minister Park Jin held talks with his British counterpart to discuss growing North Korean threats and ways to boost their bilateral relations, Seoul’s foreign ministry said Thursday. In the breakfast meeting held in London on Tuesday (local time), Park and Foreign Secretary David Cameron voiced concerns over North [...]
SEOUL, Nov. 23 (Korea Bizwire) — Seoul Metro, the operator of Seoul subway lines No. 1-8, announced measures Thursday to ban all subway protests by a disabled advocacy group after they resumed their morning rush-hour protest this week. Seoul Metro said it came up with the three-step countermeasures against Solidarity Against Disability Discrimination (SADD) on [...]