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 [...]
SEOUL, Jan. 12 (Korea Bizwire) — Samsung Electronics has expanded its stock-based bonus program to include all employees, ending a rule that had required executives to receive at least half of their performance bonuses in company shares, according to people familiar with the decision. The move comes as Samsung’s share price has surged over the past [...]
SEOUL, Jan. 12 (Korea Bizwire) – The science ministry plans to launch a joint committee with the budget ministry to coordinate planning for the country’s research and development (R&D) budget, according to officials Monday. The move is aimed at enhancing efficiency and consistency in drawing up R&D budget plans, according to the Ministry of Science [...]
SEOUL, Jan. 12 (Korea Bizwire) – Ordering a temporary suspension of business operations at e-commerce giant Coupang Corp. may be possible, the head of South Korea’s antitrust watchdog said Monday, amid an ongoing investigation over a recent large-scale data breach at the U.S.-listed company. “If an order is not implemented or if it is deemed [...]
SEOUL, Jan. 12 (Korea Bizwire) — Samsung Electronics is on the verge of forming its first-ever majority labor union, as membership in its cross-company union has surged amid persistent employee dissatisfaction over performance-based pay, despite the company’s record profits. According to industry sources on Jan. 11, membership in the Samsung Electronics branch of the cross-company union [...]
SEOUL, Jan. 12 (Korea Bizwire) — Women in South Korea who leave the workforce due to pregnancy, childbirth or caregiving face persistent economic penalties when they return to work, with four in 10 earning less than before their career break, according to a new study released on Sunday. The report, published by the Seoul Foundation of [...]
SEOUL, Jan. 9 (Korea Bizwire) – South Korea launched an interagency team Friday to coordinate efforts ahead of anticipated negotiations with the United States on its bid to secure uranium enrichment and spent fuel reprocessing capabilities for peaceful use, officials said. The pangovernment consultative group comes as Washington has given Seoul the green light to [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korea will strengthen its public system for supplying essential medicines and medical devices in 2026, seeking to prevent treatment disruptions and reduce patients’ financial burdens, the government said this week. The Ministry of Food and Drug Safety said it will expand emergency import programs for rare and essential drugs, [...]
CHANGWON•SACHEON, Jan. 8 (Korea Bizwire) — Two undocumented migrant workers injured while fleeing an immigration enforcement operation in South Gyeongsang Province last year have been officially recognized as victims of industrial accidents, a decision that labor groups say highlights gaps in workplace safety and protections for foreign workers. The South Gyeongsang branch of the Korean Confederation [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korea has taken a step to strengthen its supply of strategic minerals by formally recognizing recycling and recovery from waste as a distinct industrial sector, a move aimed at shoring up domestic supply chains for materials critical to advanced manufacturing. The Ministry of Trade, Industry and Energy said Thursday [...]