SEOUL, July 30 (Korea Bizwire) — In a bold bid to restore confidence in South Korea’s financial markets, regulators have launched a new joint task force designed to swiftly identify and stamp out illegal stock trading practices. The team, which officially began operations Wednesday, brings together officials from the Financial Services Commission (FSC), the Financial [...]
Seoul, July 30 (Korea Bizwire) — South Korea’s Ministry of National Defense has introduced a revised executive order that would allow military officers, including colonels, to be promoted for acts of integrity — such as refusing unlawful or improper commands during the controversial December 3 martial law planning incident. The amendment to the Enforcement Decree [...]
SEOUL, July 30 (Korea Bizwire) — South Korea’s convenience store chains reported double-digit sales growth in the first week following the rollout of government-issued consumption coupons, with customers increasingly turning to nearby stores for everyday shopping. According to industry data released Tuesday, the four major operators — CU, GS25, 7-Eleven, and Emart24 — saw weekly [...]
SEOUL, July 29 (Korea Bizwire) — POSCO E&C’s chief executive publicly apologized on Tuesday following a series of fatal industrial accidents at company construction sites, drawing sharp rebuke from President Lee Jae-myung, who likened the repeated deaths to “murder by willful negligence.” At a press conference held at the company’s headquarters in Incheon’s Songdo district, CEO [...]
SEOUL, July 29 (Korea Bizwire) — President Lee Jae Myung on Tuesday called for stronger workplace safety measures to prevent fatal industrial accidents and tougher punishments against violators. Lee made the remarks during a Cabinet meeting that was aired live, following the fifth fatal workplace accident this year at a construction site operated by POSCO [...]
SEOUL, July 29 (Korea Bizwire) — The South Korean government has introduced new guidelines to curb the misuse of ambulances operating under false pretenses, aiming to distinguish legitimate emergency use from non-urgent transport and restrict abuse of emergency traffic privileges. The Ministry of Health and Welfare recently distributed the new standards — titled “Criteria for [...]
CHANGWON, South Korea, July 29 (Korea Bizwire) — South Korea’s southeastern province of South Gyeongsang will begin hiring skilled foreign workers for its shipbuilding industry in the second half of this year, as part of a new government-backed visa pilot aimed at addressing a critical labor shortage in key technical roles. On Monday, the provincial [...]
SEOUL, July 28 (Korea Bizwire) — As an August 1 deadline looms, South Korea finds itself under mounting pressure from the United States to further open its agricultural and livestock markets—a delicate issue that has long tested the country’s balancing act between international diplomacy and domestic political realities. Behind closed doors, the two allies are [...]
GWANGJU, July 28 (Korea Bizwire) — A recent case of workplace bullying in Naju, South Korea, has once again exposed the harsh realities faced by migrant workers—many of whom suffer in silence under a labor system critics say traps them in abusive conditions. According to the Gwangju-Jeonnam Migrant Human Rights Network and the Jeonnam Labor [...]
SEOUL, July 26 (Korea Bizwire) — As YouTube continues to dominate the global internet landscape—with over 20 trillion videos uploaded and 20 million more added daily—its influence in South Korea has become particularly pronounced. More than half of South Koreans (51%) now consume news via YouTube, significantly outpacing the global average of 31%, according to the [...]