SEOUL, July 4 (Korea Bizwire) — National Security Adviser Wi Sung-lac met with his Japanese counterpart, Masataka Okano, in Seoul on Friday to discuss ways to advance bilateral ties as well as a range of issues, including North Korea, the presidential office said. “Both sides exchanged their opinions on developing South Korea-Japan relations as well [...]
SEOUL, July 4 (Korea Bizwire) — A parliamentary subcommittee passed an extra budget bill worth 31.8 trillion won (US$23.3 billion), lawmakers said Friday, with the ruling Democratic Party (DP) vowing to unilaterally pass the bill at the National Assembly’s plenary session later in the day. Lawmakers of the main opposition People Power Party (PPP) walked [...]
SEOUL, July 4 (Korea Bizwire) — South Korea will work to establish a new “mutually beneficial” strategic partnership with the United States through bilateral trade negotiations, Seoul’s chief trade negotiator said Friday, as he departed for Washington for tariff talks ahead of the expiration of a 90-day pause on U.S. reciprocal tariffs. “Based on the [...]
SEOUL, July 4 (Korea Bizwire) — A revised tax treaty between South Korea and Kyrgyzstan aimed at preventing double taxation and curbing tax avoidance is set to take effect later this week, the finance ministry said Friday. According to the Ministry of Economy and Finance, the revised agreement, which will come into force on Saturday, [...]
SEOUL, July 4 (Korea Bizwire) — The United States has asked for greater access to the South Korean market for the agriculture, automotive, digital and services sectors during recent bilateral trade consultations, Seoul’s top trade negotiator said Friday. “In the areas of tariffs and non-tariff measures, the U.S. has urged South Korea to grant improved [...]
SEOUL, July 4 (Korea Bizwire) – The presidential office on Friday called for comprehensive measures to prevent residential fires following recent tragedies in which children died in apartment fires while their parents were away. On Wednesday, two girls, aged 8 and 6, were found dead after a fire broke out in their apartment in Busan. [...]
SEOUL, July 4 (Korea Bizwire) — The South Korean government said Friday it will fine SK Telecom Co. for belatedly reporting a data breach affecting all 25 million users and ordered it to waive customer cancellation fees, wrapping up its two-month probe into one of the worst data leak cases in the country’s history. SK [...]
SEOUL, July 4 (Korea Bizwire) — North Korea has formally legalized cosmetic surgery for aesthetic purposes under a little-known law dating back to 2016, newly revealed documents show. While the law permits a broad range of procedures to enhance physical appearance, it also imposes strict restrictions on surgeries deemed to pose security or ideological risks. According [...]
SEOUL, July 4 (Korea Bizwire) — Yongsan District in central Seoul has completed a cutting-edge urban design project aimed at crime prevention in Cheongpa-dong, an area with a high concentration of single female households, officials announced Thursday. The initiative, led in partnership with Sookmyung Women’s University’s environmental design department, integrates smart technologies and tailored spatial [...]
SEOUL, July 4 (Korea Bizwire) — South Korea’s Ministry of Culture, Sports and Tourism and the Korea Visual Artists Copyright Association convened a special policy seminar Thursday in central Seoul to discuss the future of the country’s nascent “art-for-tax” program, which allows inherited artworks to be used in lieu of cash for paying estate taxes. [...]