SEOUL, July 22 (Korea Bizwire) — Hanwha Aerospace Co. is well positioned to lead maintenance, repair and overhaul (MRO) operations for the U.S. Army’s CH-47 Chinook helicopter engines under a new South Korea-U.S. defense cooperation pilot project, a company official said Tuesday Earlier in the day, South Korea’s defense ministry announced that the two countries [...]
SEOUL, July 22 (Korea Bizwire) – Three Korean films are set to have their world premieres at this year’s Toronto International Film Festival (TIFF), the festival’s organizers said Tuesday. According to the TIFF’s website, Yeon Sang-ho’s “The Ugly,” Lee Hwan’s “Project Y” and Byun Sung-hyun’s “Good News” will all be screened in the prestigious Special [...]
SEOUL, July 22 (Korea Bizwire) — President Lee Jae Myung on Tuesday called on the government to ramp up efforts to boost domestic consumption alongside universal cash handouts, while also ensuring inflation is kept in check. Lee made the remarks during a Cabinet meeting as the government began issuing cash handouts, called “consumption coupons,” following [...]
SEOUL, July 21 (Korea Bizwire) — One year after South Korea implemented a program allowing pregnant women in crisis to give birth under pseudonyms, 109 women have utilized the service, and 171 others have opted to raise their children following state-supported counseling, according to the Ministry of Health and Welfare. The program, known as the [...]
SEOUL, July 21 (Korea Bizwire) — The Navy is set to hold an international fleet review in late September, after it was postponed due to political turmoil triggered by former President Yoon Suk Yeol’s botched attempt to impose martial law, officials said Monday. The Navy had initially planned to hold the event in Busan, 320 [...]
SEOUL, July 21 (Korea Bizwire) — A special counsel team said Monday it has summoned former President Yoon Suk Yeol and former first lady Kim Keon Hee to appear for questioning over allegations of election interference and other irregularities. Special counsel Min Joong-ki’s team sent a summons to the Seoul Detention Center where Yoon is [...]
SEOUL, July 21 (Korea Bizwire) — President Lee Jae Myung on Monday instructed government officials to swiftly designate flood-stricken regions as special disaster zones to bolster rescue and recovery efforts, and provide support to affected residents, his office said. Lee made the call during a visit to Sancheong County, located about 300 kilometers southeast of [...]
SEOUL, July 21 (Korea -Bizwire) — The defense ministry said Monday it has suspended the head of the Drone Operations Command over suspicions that military drones were illegally dispatched to North Korea last year as part of preparations for former President Yoon Suk Yeol’s imposition of martial law. Maj. Gen. Kim Yong-dae, commander of the [...]
SEOUL, July 21 (Korea Bizwire) — The first-round applications for the government’s cash handouts to all South Koreans began nationwide Monday and will continue until Sept. 12, the interior ministry said. Under the plan intended to help stimulate domestic consumption, all South Korean citizens residing in the country as of June 18, the day before [...]
SEOUL, July 21 (Korea Bizwire) — A growing number of South Korean university students are treating enlistment in the Air Force like a college entrance exam, as soaring competition has triggered a rush for certifications, volunteer hours, and even blood donations in a bid to earn higher scores in the military’s recruitment system. With monthly [...]