SEOUL, July 16 (Korea Bizwire) — Im Seung-kwan, newly appointed as the fourth Commissioner of the Korea Disease Control and Prevention Agency (KDCA), pledged Monday to strengthen South Korea’s public health security infrastructure and position the agency as a central command hub for infectious disease crises. Speaking at his inauguration ceremony at KDCA headquarters in Osong, [...]
SEOUL, July 15 (Korea Bizwire) — The Financial Services Commission (FSC) on Tuesday raided the major TV station SBS over allegations that some of its officials engaged in illegal insider trading using undisclosed information about a partnership with Netflix, government sources said. The FSC’s Capital Market Investigation Division carried out the raid while questioning an [...]
SEOUL, July 15 (Korea Bizwire) — The South Korean government on Tuesday “strongly” protested after Japan reiterated its territorial claim to the easternmost South Korean islets of Dokdo in this year’s defense white paper, summoning Japanese Embassy officials to lodge a complaint. “The government strongly protests Japan’s reiteration of its unjust territorial claim to Dokdo,” [...]
SEOUL, July 15 (Korea Bizwire) — Sulbing Co., a South Korean dessert cafe chain, said Tuesday it plans to enter the Philippine market this year as part of its overseas expansion strategy. Sulbing has signed a master franchise (MF) agreement with Beyond Bingsu Cafe Inc., an affiliate of Philippines’ Fredley Group of Companies, to open [...]
SEOUL, July 15 (Korea Bizwire) — Google plans to launch a standalone premium subscription plan for YouTube video streaming without the music streaming component in South Korea, as part of a voluntary corrective measure to address its alleged anti-competitive practice, the country’s antitrust regulator said Tuesday. The standalone product, dubbed YouTube Premium Lite, will be [...]
SEOUL, July 15 (Korea Bizwire) — Defense Minister nominee Ahn Gyu-back said Tuesday the Lee Jae Myung government aims to take back the wartime command of South Korean troops from the United States within Lee’s five-year term. Ahn made the remarks during a parliamentary confirmation hearing as South Korea seeks to retake it at a [...]
SEOUL, July 15 (Korea Bizwire) — President Lee Jae Myung has sent official invitation letters to 20 other leaders of the Asia-Pacific Economic Cooperation (APEC) for this year’s summit in South Korea, his office said Tuesday. South Korea will host the upcoming APEC summit in Gyeongju, about 370 kilometers southeast of Seoul, from Oct. 31 [...]
SEOUL, July 15 (Korea Bizwire) — South Korea’s pharmaceuticals industry needs government-level support to mitigate potential impacts from the United States’ aggressive tariff policies, a local think tank said Tuesday. The recommendation comes after U.S. President Donald Trump threatened to impose tariffs of up to 200 percent on foreign-made pharmaceuticals as part of his protectionist [...]
SEOUL, July 15 (Korea Bizwire) – Finance minister nominee Koo Yun-cheol said Tuesday he will push for big investments in artificial intelligence (AI) and biohealth industries to help revitalize the South Korean economy currently in a “structural crisis.” “The government will work to fundamentally strengthen the country’s job creation capacity by making big investments in [...]
SEOUL, July 15 (Korea Bizwire) — A special counsel team said Tuesday it has asked the prosecution to conduct a forensic analysis of a cellphone previously used by former President Yoon Suk Yeol. The team led by special counsel Lee Myeong-hyeon secured an iPhone used by Yoon during a raid on his home in southern [...]