CAIRO, Nov. 20 (Korea Bizwire) – President Lee Jae Myung on Thursday held summit talks with Egyptian President Abdel Fattah El-Sisi and agreed to work together to promote peace on the Korean Peninsula and in the Middle East while strengthening economic and defense industry cooperation. The summit in Cairo took place during Lee’s official visit [...]
CAIRO & SEOUL, Nov. 20 (Korea Bizwire) – President Lee Jae-myung, on a state visit to Egypt, appealed Thursday for deeper cooperation between Seoul and Cairo, invoking what he described as striking historical parallels in the two nations’ struggles for peace and independence. In a keynote address at Cairo University, Lee said that although South Korea [...]
SEOUL, Nov. 20 (Korea Bizwire) – The government on Thursday designated the southern industrial city of Gwangyang as a special crisis-response zone, as its steel-dependent economy faces mounting strain from global oversupply and intensifying trade protectionism, the industry ministry said. Gwangyang, about 350 kilometers south of Seoul, was chosen because the steel sector accounts for [...]
SEOUL, Nov. 20 (Korea Bizwire) — A Korean civic organization campaigning to correct distorted world maps has received its first formal endorsement from an international body, marking a significant milestone in its effort to address long-standing misrepresentations of Africa’s size. VANK, a digital diplomacy group, said on Nov. 20 that the Statistical, Economic and Social Research [...]
SEOUL, Nov. 20 (Korea Bizwire) — South Korea’s Ministry of the Interior and Safety said Thursday it will launch a special task force to quickly complete an internal investigation into ministry officials who allegedly participated in or aided the Dec. 3 martial law attempt, as the government moves to restore public trust and reinforce constitutional norms. [...]
SEOUL, Nov. 20 (Korea Bizwire) – An advisory committee of the Korea Heritage Service (KHS) expressed strong concerns on Thursday over the Seoul Metropolitan Government’s plan to build high-rise buildings near the historic Jongmyo Shrine. The Cultural Heritage Committee under the KHS criticized the city’s development plan for the Sewun 4 District, located across from [...]
SEOUL, Nov. 20 (Korea Bizwire) – South Korea’s customs authorities on Thursday announced plans to reduce paperwork requirements and speed up the customs clearance process for imports, a move aimed at lessening regulatory burdens on local businesses. Under a revised law currently undergoing administrative notice, procedures for re-importing returned goods will be simplified, according to [...]
ABU DHABI & SEOUL, Nov. 19 (Korea Bizwire) — On a warm November morning in the Emirati capital, President Lee Jae-myung arrived at a polished conference hall filled with Korean and Emirati business executives, all seated beneath a chandelier of cascading glass. But it was the future — not the décor — that commanded [...]
SEJONG, Nov. 19 (Korea Bizwire) – The number of family members serving as unregistered executives at family-run conglomerates, or chaebol, has increased, raising concerns about a growing gap between authority and accountability, the antitrust regulator said Wednesday. Since 2010, the Fair Trade Commission (FTC) has reviewed and released annual reports on the ownership and governance [...]
SEOUL, Nov. 19 (Korea Bizwire) — A large majority of South Korean workers say the country’s labor market is fundamentally unequal, reflecting long-standing structural divides between large conglomerates and smaller firms, according to new research presented at a major labor conference in Seoul on Tuesday. The survey, released at the 30th-anniversary forum of the Federation [...]