SEOUL, July 3 (Korea Bizwire) — South Korea’s National Assembly on Thursday passed a revised Commercial Act aimed at strengthening minority shareholder rights, a move welcomed by financial markets as a potential catalyst for resolving the longstanding “Korea Discount” that has weighed on domestic stock valuations. The legislation, which had previously been vetoed under the [...]
GIMPO, South Korea, July 3 (Korea Bizwire) – Not long ago, the western fringes of South Korea near the inter-Korean border were anything but peaceful. Night and day, the air reverberated with North Korean loudspeakers blaring a relentless mix of metallic screeches and propaganda across the Han River estuary — a psychological barrage that left [...]
SEOUL, July 3 (Korea Bizwire) — South Korea is facing renewed debate over reviving its once-prestigious national bar exam, as President Lee Jae-myung recently questioned the effectiveness of the country’s law school system. His remarks have reignited a long-standing controversy over access, fairness, and the future of legal education. At the heart of the discussion [...]
SEOUL, July 3 (Korea Bizwire) — In a bid to root out taxi overcharging and service refusals targeting foreign visitors, the Seoul Metropolitan Government announced on Wednesday a new crackdown initiative that leverages QR code-based reporting and strengthened on-site enforcement at major transportation hubs. Beginning last month, the city began distributing business card-sized survey cards [...]
SEOUL, July 2 (Korea Bizwire) — South Korea’s ruling and opposition parties have reached a landmark agreement to pass a long-disputed amendment to the Commercial Act that includes the so-called “3% rule,” sparking concern across the business community over heightened risks to corporate governance and investment certainty. The amendment, scheduled for a vote in the [...]
SEOUL, July 2 (Korea Bizwire) — In a move that could become the first major diplomatic test of President Lee Jae-myung’s nascent administration, China has approached South Korea about his potential attendance at a military parade this September, commemorating the 80th anniversary of its World War II victory over Japanese aggression. Diplomatic sources revealed Wednesday [...]
SEOUL, July 1 (Korea Bizwire) — As South Korea braces for another scorching summer, the Seoul Metropolitan Government has launched a comprehensive heat wave response plan aimed at protecting vulnerable residents and mitigating urban heat island effects through September. Dubbed the “2025 Comprehensive Heat Wave Countermeasures,” the plan includes a wide array of initiatives: expanding [...]
SEOUL, July 1 (Korea Bizwire) — Starting in July, 30 secondary hospitals across South Korea will begin offering round-the-clock medical services in five critical fields: burn treatment, microsurgery, childbirth, pediatrics, and cerebrovascular care, the Ministry of Health and Welfare announced Monday. The initiative aims to bolster access to essential medical services in areas where supply [...]
SEOUL, June 30 (Korea Bizwire) — South Korea will raising the travel alert for Bolivia’s Cochabamba region starting next month, due to growing instability from intensifying anti-government protests and rising organized crime, the foreign ministry said Monday. A Level 3 travel alert, calling for citizens to leave the country, will be applied to Cochabamba beginning [...]
SEOUL, June 30 (Korea Bizwire) — South Korea’s Ministry of Science and ICT announced Monday it will reassign all 370 MHz of mobile communication spectrum, including bands used for 3G services, to existing telecom operators, ensuring the continuation of older networks for the time being. The decision follows concerns over potential service disruptions for remaining [...]