SEOUL, June 26 (Korea Bizwire) — South Korea has approved the decommissioning of the country’s first commercial nuclear reactor, the now-defunct Kori-1 unit, the Nuclear Safety and Security Commission (NSSC) said Thursday, also marking its first-ever decommissioning of a reactor. Unit 1 of the Kori nuclear power plant, located in the southeastern city of Busan, [...]
SEOUL, June 26 (Korea Bizwire) — South Korea is pushing to build two hydrogen clusters in east coast provinces as part of efforts to foster the growth of hydrogen-related businesses, including hydrogen batteries, the industry ministry said Thursday. The country will start constructing a special industrial complex for hydrogen storage and transportation across the eastern [...]
SEOUL, June 26 (Korea Bizwire) — President Lee Jae-myung has raised the possibility of reintroducing South Korea’s traditional bar exam system, signaling potential reforms to the country’s legal education pathway and reigniting a long-standing national debate. During a town hall meeting in Gwangju on June 25, President Lee responded to a citizen’s call for the [...]
SEOUL, June 24 (Korea Bizwire) — In a quiet but meaningful shift reflecting South Korea’s evolving social fabric, the Supreme Court announced Tuesday that a Korean national and their foreign spouse can now register their child’s birth using names of any length—ending a long-standing restriction that effectively barred lengthy names from appearing in official records. [...]
SEOUL, June 24 (Korea Bizwire) — As South Korea moves to tighten emissions standards for new buildings, including private apartments starting later this month, policymakers are looking to timber-based construction as a viable path toward carbon neutrality in the housing sector. A new report from the Korea Land and Housing Corporation (LH) underscores the urgency [...]
SEOUL, June 23 (Korea Bizwire) — South Korea’s Ministry of Employment and Labor announced Saturday that it will accept applications for new employment permits for foreign workers from July 7 to 18 through local labor offices nationwide, as part of the country’s third-round quota for 2025. A total of 18,054 foreign workers will be newly authorized [...]
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 [...]