SEOUL, July 31 (Korea Bizwire) — A total of 16 people have died from heat-related illnesses in South Korea so far this year as the country continues to endure severe heat waves, health authorities said Thursday. A total of 2,900 patients had visited emergency rooms for heat-related conditions as of Wednesday since mid-May, when authorities [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s tariff deal with the United States has eased trade uncertainty for the export-driven economy, but President Lee Jae Myung now faces a tougher test of navigating complex alliance and security issues when he meets U.S. President Donald Trump in the coming weeks. Lee confronted a significant challenge [...]
SEOUL, July 31 (Korea Bizwire) — The 7th Air Force has begun to relocate more F-16 fighter jets to Osan Air Base as part of its “Super Squadron” formation test aimed at enhancing combat effectiveness, the U.S. Air Force unit stationed in South Korea said Thursday. The relocation marked the first batch among 31 F-16 [...]
SEOUL, July 31 (Korea Bizwire) — A special counsel team said Thursday it will execute a detention warrant for jailed former President Yoon Suk Yeol this week to forcibly bring him in for questioning. Special counsel Min Joong-ki’s team said it plans to send an assistant special counsel, a prosecutor and an investigator to the [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s offer to help revitalize the United States’ shipbuilding industry was a key to reaching a tariff deal with the Donald Trump administration, Seoul’s trade minister said Thursday, also highlighting a “key role” U.S. Secretary of Commerce Howard Lutnick played in securing the last-minute deal. “I think the [...]
SEOUL, July 31 (Korea Bizwire) — South Korea has agreed to purchase US$100 billion worth of liquefied natural gas (LNG) and other energy products from the United States over the next four years under a tariff deal, U.S. President Donald Trump’s administration announced Thursday. However, the plan does not involve purchasing Alaskan LNG or participation [...]
SEOUL, July 31 (Korea Bizwire) — National Assembly Speaker Woo Won-shik on Thursday welcomed a new tariff deal between South Korea and the United States, vowing to spare no effort in providing legislative support. Woo made the remark in a Facebook post after the South Korean delegation reached the deal with the administration of U.S. [...]
SEOUL, July 31 (Korea Bizwire) — South Korean farmers and civic groups on Thursday welcomed the exclusion of rice and beef from the nation’s latest trade deal with the United States. “The government emphasized that there will be no further opening of rice and beef markets,” they said in a statement issued during a rally [...]
SEOUL, July 31 (Korea Bizwire) — Over the past year, more than two-thirds of South Korea’s top 50 family-run conglomerates have undergone notable shifts in ownership structure, with approximately 1 trillion won (US$750 million) worth of shares transferred—largely through inheritance and gifts to heirs, signaling a new wave of succession planning. According to corporate tracker [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s Minister of Health and Welfare, Chung Eun-kyung, has called for stricter regulation of liquid-based e-cigarettes, equating their health risks to those of traditional combustible cigarettes, especially amid rising use among adolescents. In a written response submitted to the National Assembly following her confirmation hearing, Chung emphasized that [...]