SEOUL, Jan. 14 (Korea Bizwire) — Nearly four in 10 South Koreans believe corruption is pervasive in the public sector, while a majority view Korean society as broadly corrupt and unfair, according to a nationwide survey released Tuesday, underscoring a persistent gap between government reform efforts and public perception. The findings come from the 2025 Corruption [...]
SEOUL, Jan. 14 (Korea Bizwire) — A large majority of South Koreans agree that the country’s health care system needs reform, but most remain largely unaware of the government’s ongoing overhaul aimed at strengthening regional and essential medical services, according to a new survey. A nationwide poll of 2,000 adults conducted by the Gyeonggi Research Institute [...]
SEOUL, Jan. 13 (Korea Bizwire) – Cheong Wa Dae said Tuesday that it expects a court to deliver a verdict for former President Yoon Suk Yeol in accordance with the law and in a manner that meets public expectations, after the special counsel demanded the death penalty over his failed martial law imposition. “Cheong Wa [...]
NARA, JAPAN & SEOUL, Jan. 13 (Korea Bizwire) — President Lee Jae-myung of South Korea and Prime Minister Sanae Takaichi of Japan struck an unexpected and highly symbolic chord on Tuesday, performing an impromptu drum duet following their summit meeting in Nara Prefecture. The private performance took place during an off-the-record reception after the leaders’ bilateral [...]
SEOUL, Jan. 13 (Korea Bizwire) – The Korea Exchange (KRX) has submitted plans to extend stock trading hours to nearly 12 hours from as early as June and is preparing to gather opinions from its members, industry sources said Tuesday. Under the plan submitted to the Financial Service Commission (FSC) on Monday, the KRX seeks [...]
SEOUL, Jan. 13 (Korea Bizwire) — Unionized city bus drivers in Seoul began an indefinite strike early Tuesday after marathon wage talks with management collapsed, bringing all intracity bus services to a halt and raising fears of widespread commuting disruptions in the capital. Negotiations stretched for more than 10 hours into the early morning, but ended [...]
SEOUL, Jan. 13 (Korea Bizwire) – The country’s financial regulator said Tuesday that local insurers will have to maintain an enhanced capital ratio requirement starting in 2027, a move to beef up their capital quality. Under the measures unveiled by the Financial Services Commission (FSC), the ratio of core capital to required capital will be [...]
SEOUL, Jan. 13 (Korea Bizwire) — South Korea will begin a large-scale push to convert livestock waste into renewable energy, seeking to cut greenhouse gas emissions while reducing environmental burdens from animal farming. The Ministry of Agriculture, Food and Rural Affairs said Monday that it will expand the use of solid fuel made from livestock manure, [...]
SEOUL, Jan. 13 (Korea Bizwire) — Seoul will roll out a new data-driven platform this week that allows residents, entrepreneurs and policymakers to track the city’s economic pulse in unprecedented detail, city officials said on Monday. The Seoul Metropolitan Government announced that it will launch an online “Economic Dashboard” on the Seoul Data Hub starting Jan. [...]
SEOUL, Jan. 12 (Korea Bizwire) – Defense Minister Ahn Gyu-back said Monday he is open to the idea of proposing a joint probe with North Korea into its claim of drone incursions into the country through the United Nations Command (UNC). On Saturday, the North’s military claimed that South Korea violated the North’s sovereignty by [...]