SEOUL, Aug. 26 (Korea Bizwire) – A special counsel team said it plans to indict former first lady Kim Keon Hee with physical detention on Friday. The team led by special counsel Min Joong-ki announced the date Tuesday, confirming earlier reports that the indictment could come as early as Friday, before Kim’s detention period expires [...]
SEOUL, Aug. 26 (Korea Bizwire) — The Police Bureau set up under the Ministry of the Interior and Safety three years ago amid the controversy over political neutrality of police was officially abolished on Tuesday after a revised ordinance on its abolition took effect earlier in the day. The ministry removed the signboard of the [...]
WASHINGTON, Aug. 26 (Korea Bizwire) — U.S. President Donald Trump on Monday expressed his hope to meet North Korean leader Kim Jong-un this year, renewing his desire to reengage with the reclusive leader, as he held his first in-person summit with South Korean President Lee Jae Myung in Washington. Sitting next to Lee at the [...]
SEOUL, Aug. 26 (Korea Bizwire) — CJ Group Chairman Lee Jay-hyun has met with U.S. business leaders to discuss business opportunities in the food and cultural sectors during a business roundtable, his company said Tuesday, underscoring his commitment to strengthening U.S. business and investment. As a member of a business delegation accompanying President Lee Jae [...]
WASHINGTON & SEOUL, Aug. 26 (Korea Bizwire) — When President Lee Jae Myung sat down for his first summit with Donald J. Trump on Monday, the mood could hardly have been more precarious. Hours earlier, Mr. Trump had taken to Truth Social to suggest that South Korea was undergoing something like a “purge or revolution,” [...]
SEOUL, Aug. 25 (Korea Bizwire) — A sweeping change to South Korea’s labor law is already fueling a surge of demands from subcontractor unions, rattling the country’s largest corporations and raising fears of escalating industrial conflict. On August 24, parliament passed the so-called “Yellow Envelope Law,” an amendment to the Trade Union and Labor Relations [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korea’s state-run postal service has suspended most shipments to the United States after Washington moved to impose customs declarations and duties on all small parcels, raising costs and disrupting cross-border trade. On Monday, the Korea Post stopped accepting low-cost airmail parcels bound for the United States. Beginning Tuesday, [...]
SEOUL, Aug. 25 (Korea Bizwire) — Defense Minister Ahn Gyu-back said Monday the United States has made its position clear, at both the congressional and government levels, that there will be no drawdown of U.S. troops stationed in South Korea. Ahn made the remarks in a parliamentary session, amid speculation that Washington could make official [...]
SEOUL, Aug. 25 (Korea Bizwire) — More than 4,000 patients have been treated for heat-related illnesses this summer, marking the highest number since 2018, the national disease control agency said Monday. The cumulative number of those patients had reached 4,048 as of Sunday, up 55 from the previous day, according to the Korea Disease Control [...]
SEOUL, Aug. 25 (Korea Bizwire) – Unionized workers of Hyundai Motor Co. on Monday voted in favor of launching a strike to demand higher pay, the union said, a move that could lead to the company’s first walkout in seven years. In a daylong vote, 86.15 percent of members supported the strike plan, with nearly [...]