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Archive by category Public Insight

Government Pushes for Reform to End Illegal Subcontracting, a Key Cause of Construction Accidents

SEOUL, Aug. 12 (Korea Bizwire) — The South Korean government is focusing on reforming subcontracting practices in the construction industry, identifying illegal subcontracting and reckless sub-subcontracting as major contributors to workplace accidents. According to the Ministry of Employment and Labor, Minister Kim Young-hoon recently announced plans to collaborate with relevant agencies to eliminate these illegal [...]

Job Vacancy Ratio Hits 26-Year Low in South Korea Amid Economic Uncertainty

SEOUL, Aug. 12 (Korea Bizwire) — South Korea’s job market has continued to tighten, with the number of job openings per job seeker falling to just 0.4 in July 2025, the lowest level in 26 years. This marks a significant decline, with the number of job openings per seeker reaching its lowest point since July 1999, [...]

South Korean First Lady Hosts Vietnamese Counterpart for Cultural Visit

SEOUL, Aug.11 (Korea Bizwire) — On August 11, South Korea’s First Lady Kim Hye-kyung engaged in diplomatic “spouse diplomacy” with Ngo Phuong Lan, the wife of the General Secretary of the Communist Party of Vietnam, during her visit to Seoul. The two women, dressed in their respective national traditional attire, visited the National Museum of [...]

N. Korea Warns Of ‘Self-Defense’ Measures Against Planned S. Korea-U.S. Military Exercise

SEOUL, Aug. 11 (Korea Bizwire) – North Korea’s defense chief on Monday warned that Pyongyang would exercise its “self-defense” right in the event of a provocation, denouncing a planned large-scale joint military exercise between South Korea and the United States. North Korean Defense Minister No Kwang-chol issued the warning a week before Seoul and Washington [...]

Antitrust Regulator Raided Over Corruption Allegations Involving Ex-First Lady Kim

SEOUL, Aug. 11 (Korea Bizwire) – A special counsel team raided the nation’s antitrust regulator Monday as part of its widening probe into corruption allegations involving former first lady Kim Keon Hee. The team led by special counsel Min Joong-ki searched the offices of the Fair Trade Commission (FTC) in Sejong, some 110 kilometers south [...]

Ex-Minor Party Leader Cho Kuk To Be Granted Liberation Day Special Pardon

SEOUL, Aug. 11 (Korea Bizwire) — Former minor party leader Cho Kuk will be granted a special pardon on the occasion of Liberation Day, the justice ministry said Monday, cutting short his two-year prison term over charges in connection with his daughter. Cho will be granted an exemption of his sentence under the presidential amnesty [...]

S. Korea, Vietnam To Join Hands For Energy, Nuclear Power Cooperation

SEOUL, Aug. 11 (Korea Bizwire) — South Korea and Vietnam will work to expand bilateral cooperation in the energy industry, including renewable energy and nuclear power, as the two countries aim to bolster ties in trade, security and other sectors, Seoul officials said Monday. The countries’ industry ministries signed a memorandum of understanding (MOU) to [...]

Lee’s Special Pardons Aim To Boost National Unity, Economy: Presidential Office

SEOUL, Aug. 11 (Korea Bizwire) — President Lee Jae Myung’s special pardons for political figures, businesspeople and low-level offenders aim to promote national unity and revitalize the local economy, the presidential office said Monday. During an extraordinary Cabinet meeting, Lee approved special pardons and reinstatement for 2,188 individuals on the occasion of Liberation Day, which [...]

Lee, Dutch PM Discuss Semiconductors in Phone Talks

SEOUL, Aug. 11 (Korea Bizwire) – President Lee Jae Myung held phone talks with Dutch Prime Minister Dick Schoof on Monday and discussed ways to step up their bilateral cooperation in semiconductors and other areas, his office said. During their first phone talks, Schoof congratulated Lee on his inauguration and expressed hope that the friendly [...]

Unification Minister Discusses N.K. Issues With Swedish Envoy

SEOUL, Aug. 11 (Korea Bizwire) — Unification Minister Chung Dong-young met with the Swedish ambassador in Seoul on Monday to discuss ways to step up cooperation and address pending issues on the Korean Peninsula, his office said. During talks with Swedish Ambassador to South Korea Karl-Olof Andersson, Chung expressed appreciation for Sweden’s diplomatic efforts to [...]