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Archive by category Public Insight

New Public Database to Expose Financial Ties Between Doctors and Pharma Firms

SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s Health Insurance Review and Assessment Service (HIRA) on Monday launched a new centralized platform designed to bring unprecedented transparency to financial interactions between pharmaceutical and medical device companies and healthcare professionals. The “Expense Report Management System,” formally opening Nov. 17, is the country’s first unified public database allowing [...]

North Korea Condemns U.S.–South Korea Summit Outcomes, Vows “Necessary and Realistic” Countermeasures

SEOUL, Nov. 18 (Korea Bizwire) — North Korea on Tuesday issued its first official response to last week’s U.S.–South Korea summit, denouncing the joint fact sheet and Security Consultative Meeting (SCM) statement as fresh evidence of what it called Washington and Seoul’s “hostile and confrontational intent.” In a lengthy commentary carried by the Korean Central News [...]

Employment Gap Widens as College-Educated Youth Drive Surge in Long-Term Unemployment

SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s long-term unemployment has climbed to its highest level in four years, driven largely by a surge in jobless young adults with university degrees, according to new government data released Sunday. The number of people who searched for work for more than six months but failed to secure a [...]

South Korea Moves to Tighten Executive Pay Disclosure and Boost Shareholder Rights

SEOUL, Nov. 17 (Korea Bizwire) — South Korea plans to impose stricter disclosure requirements on listed companies’ executive compensation and expand access to shareholder voting information, in a move aimed at improving market transparency and strengthening investor rights, the Financial Services Commission (FSC) announced Sunday. Under the reform package — titled Measures to Improve Corporate Disclosure [...]

Culture Minister Vows to Block High-Rise Project Threatening Jongmyo Shrine

SEOUL, Nov. 17 (Korea Bizwire) – Culture Minister Chae Hwi-young has said the government will deploy every measure permitted under law to block plans for ultra-high-rise buildings facing Jongmyo Shrine, a UNESCO World Heritage site in central Seoul. The project has drawn controversy because Jongmyo, a 14th-century royal ancestral shrine from the Joseon Dynasty (1392-1910), [...]

Seoul Halts Portions of Hangang Bus Service After Grounding Incident Sparks Safety Outcry

SEOUL, Nov. 16 (Korea Bizwire) — Seoul partially suspended operations of its new Hangang bus service on Sunday after a vessel ran aground near Jamsil Pier, prompting the rescue of more than 80 passengers and intensifying political scrutiny over the project’s safety record. The accident occurred at around 8:24 p.m. Saturday, when a river bus [...]

Korea Sees Uptick in Pregnancy Support Requests, Fueling Hopes of a Modest Baby Boom

SEOUL, Nov. 16 (Korea Bizwire) – Applications for vouchers provided to pregnant women increased 8.1 percent from a year earlier in the first nine months of this year, data showed Sunday, in a possible sign of a continued rebound in the number of newborns in a country facing one of the world’s lowest birth rates. [...]

Online Sex Crime Arrests Surpass 3,500 as Deepfake Abuse Surges in South Korea

SEOUL, Nov. 16 (Korea Bizwire) – Police have apprehended over 3,000 suspects in connection with online sex crimes over the past year, with nearly half of them in their teens, officials said Sunday. The National Police Agency (NPA) has detected 3,411 online sexual abuse cases between November 2024 and October this year, effectively detaining 3,557 [...]

Seoul and Washington Hail “Model Alliance” at National Day Celebration in D.C.

WASHINGTON, Nov. 14 (Korea Bizwire) – South Korean and U.S. officials struck an upbeat note on the trajectory of the two countries’ evolving relationship, calling it a “model” and “forward-looking” alliance, as they celebrated the Korean National Day and Armed Forces Day in Washington on Thursday. Their display of confidence over the decades-old alliance came [...]

Seoul and Washington’s New Fact Sheet Signals Tougher Joint Posture Toward China Without Naming It

SEOUL, Nov. 14 (Korea Bizwire) — South Korea and the United States released a joint fact sheet on Thursday (U.S. time) that, while avoiding explicit references to China, carries unmistakable signals of Washington’s intent to enlist Seoul more deeply in countering Beijing’s expanding military footprint in the Indo-Pacific. The document, unveiled a day after the two [...]