SEOUL, June 22 (Korea Bizwire) — In an era where diplomacy increasingly plays out in digital spaces, South Korean President Lee Jae-myung is reshaping how leaders connect with the world—one tweet at a time. Earlier this week, before departing for the G7 Summit in Canada, President Lee instructed his staff to publish his social media [...]
SEOUL, June 21 (Korea Bizwire) — South Korea’s benchmark KOSPI index surged past the 3,000 mark for the first time in three and a half years this week, fueling investor interest in sectors poised to benefit from President Lee Jae-myung’s economic agenda amid intensifying global volatility driven by renewed U.S. protectionism under President Trump. Analysts attribute [...]
SEJONG, June 20 (Korea Bizwire) — The administration of President Lee Jae-myung is accelerating plans for a nationwide renewable energy infrastructure overhaul, with a transformative “Energy Highway” at the center of its strategy to upgrade Korea’s industrial base and compete in the global clean energy transition. In a briefing to the National Planning Commission on [...]
SEOUL, June 19 (Korea Bizwire) — South Korea’s financial regulator said Thursday it will review the introduction of tighter rules on so-called jeonse loans amid rising household debts. In a report to the State Affairs Planning Committee, the de facto transition team of the new Lee Jae Myung administration, the Financial Services Commission (FSC) said [...]
SEOUL, June 19 (Korea Bizwire) — Contrary to persistent public concerns that foreign nationals are draining South Korea’s national health insurance system, new data reveal a dramatically different reality: foreign enrollees have delivered a growing budget surplus for eight consecutive years, reaching an all-time high in 2024. According to figures released Wednesday by the National [...]
SEOUL, June 19 (Korea Bizwire) — For the first time, more than 30% of cardiac arrest patients in South Korea received cardiopulmonary resuscitation (CPR) from bystanders before emergency personnel arrived—marking a milestone in public health efforts to improve survival outcomes outside of hospital settings. According to data released Wednesday by the Korea Disease Control and [...]
SEOUL, June 19 (Korea Bizwire) — The Bank of Korea has warned that continued efforts to stimulate construction investment through non-capital region housing projects may be exacerbating the nation’s widening housing market divide, rather than resolving it. In a report released Wednesday, the central bank argued that building new homes in low-demand regions outside the [...]
SEOUL, June 19 (Korea Bizwire) — A popular government program aimed at supporting reproductive health in South Korea is facing backlash after a wave of early closures due to budget constraints left many would-be applicants unable to access services. As interest in preconception health rises sharply among younger adults, some local governments have already exhausted [...]
SEOUL, June 18 (Korea Bizwire) — The Seoul Metropolitan Government announced Tuesday it will expand its free “Pet Plant Clinic” service—an initiative offering personalized diagnosis and care for ailing houseplants—from 9 to 14 locations across the city by the end of June. Launched in 2023, the Pet Plant Clinic program provides expert guidance to citizens [...]
SEOUL, June 17 (Korea Bizwire) — The government will select 10 industrial complexes to help support their application of artificial intelligence (AI) technologies to achieve enhanced productivity and find new business opportunities, the industry ministry said Tuesday. The Ministry of Trade, Industry and Energy will provide a combined 140 billion won (US$102.9 million) from the [...]