SEOUL, July 10 (Korea Bizwire) — Special Prosecutor Lee Myeong-hyeon’s team on Thursday raided the defense ministry and the presidential National Security Office (NSO) as part of an investigation into allegations that top military officials and the presidential office intervened in an initial probe of the 2023 death of a young Marine. The team reportedly [...]
SEOUL, July 10 (Korea Bizwire) — The presidential office said Thursday it will push for a special law to establish industrial zones entirely powered by renewable energy sources, in a move aimed at addressing regional power imbalances. Presidential chief of staff for policy Kim Yong-beom told reporters that the initiative seeks to pave the way [...]
SEOUL, July 10 (Korea Bizwire) — President Lee Jae Myung on Thursday instructed senior aides to draw up measures to maximize effects of cash handouts, which is a part of an extra budget as a stimulus package to boost private consumption. Lee gave the instruction at a meeting with senior aides earlier in the day, [...]
SEOUL, July 10 (Korea Bizwire) — Former President Yoon Suk Yeol did not attend his insurrection trial Thursday following his arrest hours earlier over his failed attempt to impose martial law. Yoon’s lawyers submitted a written reason for absence to the Seoul Central District Court shortly before the 10th hearing of the trial was scheduled [...]
SEOUL, July 10 (Korea Bizwire) — President Lee Jae Myung called for efforts Thursday to mend strained inter-Korean ties, saying peace between the two Koreas is the most realistic and practical path to ensuring national security. Lee made the remarks while presiding over a National Security Council (NSC) meeting, the first since he took office [...]
KUALA LUMPUR, July 10 (Korea Bizwire) – First Vice Foreign Minister Park Yoon-joo had brief encounters with the top diplomats of China and Japan in Malaysia on Thursday, marking the first such in-person exchanges between senior diplomats of the three Asian neighbors since the launch of the Lee Jae Myung government. Park was seen approaching [...]
SEOUL, July 10 (Korea Bizwire) — As South Korea swelters under an unrelenting heat wave, power demand is surging to historic highs, raising concerns over energy reserves and public health. This week, temperatures in Seoul soared to a blistering 37.7 degrees Celsius — the hottest early July reading since records began in 1908. Nearby cities [...]
SEOUL, July 10 (Korea Bizwire) — The number of foreigners coming to South Korea to get a job fell for the first time in four years in 2024 as labor demand fell in the country amid an economic slowdown, data showed Thursday. In 2024, 164,000 foreign nationals came to Korea with a working visa, down [...]
SEOUL, July 10 (Korea Bizwire) — Korea Customs Service (KCS) Commissioner Ko Kwang-hyo met with his Chinese counterpart in Seoul on Thursday and discussed areas of cooperation, the KCS said. The two sides shared information on recent attempts to smuggle illegal and dangerous goods, and agreed on the need to resume the countries’ bilateral talks [...]
SEOUL, July 10 (Korea Bizwire) – Taeil, a former member of the K-pop boy group NCT, was sentenced by a court to 3 1/2 years in prison on Thursday after being convicted of sexual offense. The Seoul Central District Court handed down the sentence to the 31-year-old Taeil and ordered his immediate detention. Two accomplices [...]