SEOUL, Oct. 18 (Korea Bizwire) –The government’s announcement regarding the expansion of medical school seats, originally scheduled for Thursday, has been deferred until the end of the year. In response to the determined stance of the medical community, the government has indicated its willingness to determine the extent of expansion after consulting with them. It [...]
SEOUL, Oct. 18 (Korea Bizwire) – A local businessman has been apprehended for assisting the operation of a North Korean restaurant in a Southeast Asian country and communicating closely with a North Korean spy stationed there, the Seoul Metropolitan Police Agency (SMPA) said Wednesday. The 52-year-old businessman, who runs an IT program company in South Korea, [...]
SEOUL, Oct. 18 (Korea Bizwire) — South Korea’s industry minister on Wednesday requested local oil refiners use a fair and transparent pricing policy amid the growing volatility of crude prices as the Israel-Hamas war intensifies. “We ask (local oil refiners) to use a transparent and fair oil pricing policy so that the recent rise in [...]
SEOUL, Oct. 18 (Korea Bizwire) — Some 200 corporate and government officials from South Korea and Latin American countries will gather in Mexico this week to discuss ways to enhance bilateral trade and cooperation on advanced technology sectors and explore new business chances, Seoul’s finance ministry said Wednesday. The inaugural Korea-Latin America and the Caribbean [...]
SEOUL, Oct. 18 (Korea Bizwire) – With the first anniversary of the Itaewon tragedy just 10 days away (on October 29), there has been a lot of talk on social media about how to celebrate Halloween. Halloween is a significant occasion for businesses like stores, theme parks, and hotels. However, not all have chosen to make the [...]
SEOUL, Oct. 18 (Korea Bizwire) – More than half of this year’s apartment buyers are in their 30s and 40s, and there is a growing preference for ‘chopuma’—a term used to describe apartment complexes adjacent to elementary schools. According to the Korea Real Estate Board on Tuesday, the total number of individuals who purchased apartments nationwide in [...]
SEOUL, Oct. 17 (Korea Bizwire) – Health Minister Cho Kyoo-hong said Tuesday that South Korea cannot afford to postpone the increase in the medical school enrollment quota due to the shortage of doctors and subsequent problems. Cho made the remarks during a meeting of a medical policy deliberation commission, as the government is pushing to [...]
SEONGNAM, South Korea, Oct. 17 (Korea Bizwire) – South Korea’s KF-21 fighter jet debuted at the annual Seoul Air Base defense exhibition, ADEX 2023. The aircraft, developed by Korea Aerospace Industries (KAI), demonstrated its high maneuverability during a five-minute flight session and was later on display. KAI also presented a newly developed armed helicopter and [...]
WASHINGTON, Oct. 17 (Korea Bizwire) – The U.S. Department of Commerce announced a set of rules Tuesday to update and strengthen its restrictions on the export of advanced computing semiconductors to China in an apparent move to further curb China’s technological advancement. The department’s Bureau of Industry and Security (BIS) released the rules to reinforce [...]
WASHINGTON, Oct. 16 (Korea Bizwire) — South Korea, the United States and Japan established a trilateral communication hotline, a senior Seoul official said Monday, in another sign of progress in their three-way security cooperation amid North Korea’s evolving military threats and China’s increasing assertiveness. The establishment of the hotline came after President Yoon Suk Yeol [...]