SEOUL, Nov. 10 (Korea Bizwire) – Five major commercial banks have been considering issuing a syndicated loan to help finance South Korean companies’ arms export to Poland, an industry source said Friday. Last year, South Korean companies secured major deals worth 17 trillion won (US$12.9 billion) to supply K2 tanks, K9 self-propelled howitzers, FA-50 light [...]
SEOUL, Nov. 10 (Korea Bizwire) — South Korea will provide US$300,000 worth of humanitarian assistance to Nepal to help the country cope with the aftermath of a deadly earthquake that has killed more than 150 people, the foreign ministry said Friday. The government hopes the provision will help Nepalese people who have suffered damage from [...]
SEOUL, Nov. 10 (Korea Bizwire) — North Korea on Friday denounced Washington’s military support for Israel in its ongoing war with the Hamas militant group, calling the United States a “war merchant” that is aggravating the Middle East situation with weapons supply. North Korea has consistently sided with Hamas over the ongoing conflict and accused [...]
SEOUL, Nov. 10 (Korea Bizwire) — South Korea will host an annual ceremony this week to commemorate the sacrifices of fallen troops who fought under the United Nations flag during the 1950-53 Korean War, the veterans ministry said Friday. The “Turn Toward Busan” event will take place at the U.N. Memorial Cemetery in Busan, 320 [...]
SEOUL, Nov. 10 (Korea Bizwire) — South Korea joined the United States, Britain, Japan and dozens of other countries to issue a statement calling for the promotion of the international framework on automatic exchanges of information on crypto-asset transactions to ensure tax compliance, the finance ministry said Friday. In August 2022, the Organization for Economic [...]
SEOUL, Nov. 10 (Korea Bizwire) — Prime Minister Han Duck-soo is scheduled to visit France later this week to bolster South Korea’s bid for hosting the 2030 World Expo, just around two weeks before the crucial vote, his office said Friday. Han will depart for Paris on Sunday for a four-day trip in a last-minute [...]
SEOUL, Nov. 10 (Korea Bizwire) — South Korea held a multinational cybersecurity exercise with members of the Association of Southeast Asian Nations (ASEAN) and other nations to improve their coordinated responses against cyberthreats, the defense ministry said Friday. A total of 17 members of the ASEAN Defense Ministers’ Meeting-Plus (ADMM-Plus) joined the Cyber Training and [...]
SEOUL, Nov. 10 (Korea Bizwire) – In response to the controversy surrounding the illegal distribution of the Netflix original series ‘Doona!’ and the JTBC drama ‘Strong Girl Nam-soon,’ professor Seo Kyung-duk from Sungshin Women’s University stated, “It’s time for the Korean government to take action.” On Thursday, Suh expressed on social media that it’s not an [...]
SEOUL, Nov. 10 (Korea Bizwire) – By capitalizing on the anxiety of students and parents ahead of the national college entrance exam, there has been a surge in cases where ADHD medications, originally intended for medical treatment, are being deceptively sold as ‘study-enhancing drugs.’ On Thursday, the Ministry of Food and Drug Safety announced that it [...]
SEOUL, Nov. 10 (Korea Bizwire) – Working-class individuals in South Korea are finding themselves compelled to resort to revolving loans carrying an annual interest rate of 20 percent. This shift is a consequence of savings banks and card companies, typically the go-to sources for emergency funds among ordinary people, raising the bar for access to long-term [...]