SEJONG, Sept. 26 (Korea Bizwire) —South Koreans earn the most at age 45 but begin running deficits by 61, as consumption outpaces income in later life, according to new government data that underscores the economic strains of an aging society. The National Statistics Office said Wednesday in its release of the 2023 National Transfer Accounts [...]
GIMHAE, South Korea, Sept. 26 (Korea Bizwire) – A Guinean man stranded for nearly five months in a departure holding room at Busan’s Gimhae International Airport has filed a petition with the National Human Rights Commission, alleging mistreatment while awaiting a chance to apply for refugee status. The man, identified only as A, was [...]
SEOUL, Sept. 25 (Korea Bizwire) — More than 100 citizens staged a counter-rally in Seoul’s Daerim neighborhood on Thursday evening to oppose a far-right demonstration marked by anti-Chinese sentiment, with members of the Chinese Korean community publicly speaking out for the first time. Gathered outside Exit 5 of Daerim Station, parents, residents, and civic groups denounced [...]
SEOUL, Sept. 25 (Korea Bizwire) — The U.S. military has deployed its new Indirect Fire Protection Capability (IFPC) system to South Korea, marking the first time the advanced air defense platform has been stationed at an overseas base. According to the Defense Visual Information Distribution Service (DVIDS), U.S. Army Chief of Staff Gen. Randy George [...]
SEOUL, Sept. 25 (Korea Bizwire) — A Seoul court has ruled that a sauna operator must compensate an elderly customer who fractured his hip after slipping on a wet towel placed under a leaking air conditioner in the facility’s locker room. The Seoul Southern District Court on September 5 ordered the operator to pay 13 [...]
SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s widening gap between retirement and pension eligibility is fueling structural imbalances in middle-aged employment, with Seoul turning to data-driven policymaking to address the challenge. According to a new survey of 10,000 job seekers and 450 companies released by the Seoul Metropolitan Government and the Seoul 50 Plus [...]
SEOUL, Sept. 25 (Korea Bizwire) — A top South Korean presidential aide said Wednesday that a potential currency swap with the United States is an essential safeguard in ongoing trade talks, but not sufficient on its own to resolve the thorny negotiations. Kim Yong-beom, presidential chief of staff for policy, told reporters in New York [...]
NEWYORK, Sept. 24 (Korea Bizwire) — President Lee Jae-myung of South Korea chaired a United Nations Security Council debate on artificial intelligence and international security on Wednesday, marking the first time a South Korean leader has presided over an open council session. The event reflected Seoul’s rotating presidency of the body this month and underscored [...]
SEOUL, Sept. 24 (Korea Bizwire) — A global commission on the military use of artificial intelligence (AI) has called for legally binding agreements to ensure decisions to use nuclear weapons remain under human control, not AI systems, as part of responsible military AI integration. The Responsible AI in the Military Domain (REAIM) Global Commission, a [...]
NEW YORK, Sept. 24 (Korea Bizwire) – President Lee Jae-myung told U.S. Treasury Secretary Scott Bessent that he expects ongoing trade negotiations with Washington to advance in a way that reflects the interests of both countries and rests on “commercial rationality.” The two met in New York on the sidelines of the U.N. General Assembly, [...]