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Report: NIS Reveals Chinese Firms Ran 38 Fake News Websites in South Korea

Report: NIS Reveals Chinese Firms Ran 38 Fake News Websites in South Korea

SEOUL, Nov. 13 (Korea Bizwire) –South Korea’s spy agency said Monday it has identified 38 fake Korean-language news websites suspected of being operated by Chinese companies.   Two Chinese public relations companies — Haimai and Haixun — have created fake Korean news websites, posting articles of local news outlets without consent and posing as members [...]

Specific Business Sectors to See Relaxation in Maximum 52-Hour Workweek

Specific Business Sectors to See Relaxation in Maximum 52-Hour Workweek

SEOUL, Nov. 13 (Korea Bizwire) – The government will relax the maximum 52-hour weekly work hours for certain business sectors with heavy workloads, officials said Monday. “While retaining the 52-hour workweek system, the government plans to come up with reform measures for certain types of industries and occupations,” Vice Labor Minister Lee Sung-hee said. The [...]

S. Korea, U.S. Defense Chiefs Discuss ‘Tailored Deterrence Strategy’ on N. Korea

S. Korea, U.S. Defense Chiefs Discuss ‘Tailored Deterrence Strategy’ on N. Korea

SEOUL, Nov. 13 (Korea Bizwire) — The defense chiefs of South Korea and the United States held annual security talks Monday as the two countries seek to update joint military strategies on North Korea in case the regime attempts to use nuclear weapons. Updating the “tailored deterrence strategy” and improving the credibility of the U.S. [...]

N. Korea Slams S. Korea-UNC Defense Chief Meeting as Attempt for ‘New War of Aggression’

N. Korea Slams S. Korea-UNC Defense Chief Meeting as Attempt for ‘New War of Aggression’

SEOUL, Nov. 13 (Korea Bizwire) — North Korea on Monday renewed its calls for dissolving the U.S.-led United Nations Command (UNC), claiming that a plan by South Korea and UNC member states to hold the inaugural defense ministerial meeting this week is a “dangerous” scheme to spark a “new war of aggression” against the North. [...]

S. Korea, U.S., Japan to Launch N.K. Missile Data Sharing System Next Month

S. Korea, U.S., Japan to Launch N.K. Missile Data Sharing System Next Month

SEOUL, Nov. 12 (Korea Bizwire) — South Korea, the United States and Japan agreed Sunday to launch a real-time missile warning data sharing system next month to better detect and assess North Korea’s ballistic missile launches, Seoul’s defense ministry said. The defense chiefs of the three nations reached the agreement during their meeting on the [...]

Court Rules Repurposing Luxury Items Constitutes Trademark Infringement

Court Rules Repurposing Luxury Items Constitutes Trademark Infringement

SEOUL, Nov. 13 (Korea Bizwire) – A South Korean court has ruled that the repurposing of luxury items, a process commonly referred to as “reform” in South Korea, constitutes trademark infringement. According to legal sources on Sunday, the 63rd Civil Chamber of the Seoul Central District Court, in a trademark infringement prohibition case brought by Louis [...]

Government Set to Unveil Antitrust Measures Against Banking Monopoly, Sources Say

Government Set to Unveil Antitrust Measures Against Banking Monopoly, Sources Say

SEOUL, Nov. 10 (Korea Bizwire) – The government is poised to announce a series of measures later this year to break the monopoly held by banks as they have been raking in record profits from interest income, according to sources from the presidential office on Friday. This decision follows President Yoon Suk Yeol’s strong criticism [...]

Two Major Union Coalitions Set to Hold Extensive Rallies this Weekend

Two Major Union Coalitions Set to Hold Extensive Rallies this Weekend

SEOUL, Nov. 10 (Korea Bizwire) – Two major umbrella unions plan to stage large-scale rallies in central Seoul this weekend, as police warned of stern measures against illegal acts in violation of the revised Assembly and Demonstration Act. The Korean Confederation of Trade Unions (KCTU), the biggest umbrella labor union in South Korea, along with [...]