SEOUL, July 13 (Korea Bizwire) — President Lee Jae-myung on Sunday delivered a sweeping appeal to link economic equity with democratic resilience, warning that without tangible improvements to people’s lives, democracy could fall prey to authoritarian forces cloaked in the guise of economic growth. Speaking at the opening ceremony of the World Congress of Political [...]
SEOUL, July 11 (Korea Bizwire) — A new study by South Korea’s National Institute of Forest Science has found a clear link between urban forest coverage and lower surface temperatures during summer months, reinforcing the role of green spaces in mitigating urban heat. Using Landsat satellite imagery, researchers analyzed the average land surface temperature and [...]
SEOUL, July 11 (Korea Bizwire) — The government will launch a debt restructuring scheme for individuals in October as part of efforts to reduce or ease their payment burdens, the country’s financial regulator said Friday. The so-called bad bank, a debt restructuring vehicle, will be sized at 800 billion won (US$581 million), around half of [...]
DAEGU, July 11 (Korea Bizwire) — As South Korea moves to phase out the dog meat trade, vendors at Chilseong Dog Market in Daegu’s Buk-gu district are voicing frustration over what they describe as insufficient government compensation for closing or converting their businesses. On July 10, just days before the start of Chobok—a traditional day [...]
SEOUL, July 10 (Korea Bizwire) — A parliamentary committee on Thursday passed a bill that classifies artificial intelligence (AI)-generated educational resources as “education materials” rather than official textbooks, rolling back the previous administration’s plan to introduce AI digital textbooks nationwide. During the committee’s plenary session, the ruling Democratic Party (DP) and the minor Rebuilding Korea [...]
SEOUL, July 10 (Korea Bizwire) — South Korea is weighing a significant pension reform that could bring platform workers — such as food delivery riders and chauffeur-for-hire drivers — under the same pension contribution scheme as regular employees, with their platforms potentially covering half of their premiums. A new report released Tuesday by the National [...]
SEOUL, July 9 (Korea Bizwire) — As climate change intensifies, its psychological toll—ranging from anxiety to trauma—is emerging as a critical public health issue, prompting experts in South Korea to call for an integrated mental health support system. At the Climate Health Forum hosted by the Korea Disease Control and Prevention Agency (KDCA) and the [...]
SEOUL, July 8 (Korea Bizwire) — South Korea’s pharmaceutical industry is once again under fire as a string of illegal rebate scandals have surfaced in 2025, reigniting calls for structural reform and stronger support for new drug development. Prosecutors recently indicted three mid-sized pharmaceutical companies and their employees in connection with the so-called “residents’ rebate” [...]
SEJONG, July 7 (Korea Bizwire) — South Korea’s latest euro-denominated foreign exchange stabilization bond (FESB) offering in London has garnered record-breaking demand, signaling strong global investor confidence in the country’s fiscal and economic outlook under its newly inaugurated administration. According to the Ministry of Economy and Finance, the €1.4 billion issuance on June 26 attracted [...]
SEOUL, July 7 (Korea Bizwire) — Seoul is preparing to reintroduce trams to its streets for the first time in nearly six decades, as construction on the Wirye Line, the city’s first modern tram project, approaches completion. According to the Seoul Metropolitan Government, the Wirye tram line is scheduled to open in September 2026, with [...]