SEOUL, August 1 (Korea Bizwire) — South Korea’s multicultural households are seeing marked improvements in education and living standards, with over 61% of multicultural youth entering higher education institutions in 2023 — a significant rise from 40.5% in 2021. The gap between multicultural and general youth college enrollment rates has narrowed from 31 percentage points [...]
SEOUL, July 31 (Korea Bizwire) — A total of 16 people have died from heat-related illnesses in South Korea so far this year as the country continues to endure severe heat waves, health authorities said Thursday. A total of 2,900 patients had visited emergency rooms for heat-related conditions as of Wednesday since mid-May, when authorities [...]
SEOUL, July 31 (Korea Bizwire) — A special counsel team said Thursday it will execute a detention warrant for jailed former President Yoon Suk Yeol this week to forcibly bring him in for questioning. Special counsel Min Joong-ki’s team said it plans to send an assistant special counsel, a prosecutor and an investigator to the [...]
SEOUL, July 31 (Korea Bizwire) — Over the past year, more than two-thirds of South Korea’s top 50 family-run conglomerates have undergone notable shifts in ownership structure, with approximately 1 trillion won (US$750 million) worth of shares transferred—largely through inheritance and gifts to heirs, signaling a new wave of succession planning. According to corporate tracker [...]
SEOUL, July 30 (Korea Bizwire) — A total of 13 people have died from heat-related illnesses so far this year as South Korea continues to endure severe heat waves, health authorities said Wednesday. A total of 2,768 patients had visited emergency rooms for heat-related conditions as of Tuesday since mid-May, when authorities launched the heat-related [...]
SEOUL, July 30 (Korea Bizwire) – The ruling Democratic Party (DP) launched a special committee Wednesday to assist ongoing special counsel probes into former President Yoon Suk Yeol’s botched martial law bid, corruption allegations involving his wife and the death of a Marine. Three separate special counsel teams are currently investigating Yoon’s failed attempt to [...]
SEOUL, July 30 (Korea Bizwire) — A special counsel team said Wednesday it has filed for a warrant to forcibly bring in former President Yoon Suk Yeol for questioning over allegations of election meddling. The request was made shortly after Yoon defied for the second time special counsel Min Joong-ki’s summons to appear for questioning. [...]
DAEJEON, July 30 (Korea Bizwire) — Police on Wednesday apprehended a man in his 20s suspected of murdering his ex-girlfriend, a woman in her 30s, in the central city of Daejeon the previous day. The Daejeon Seobu Police Station said the man, whose identity is withheld, was put under emergency detention on murder charges at [...]
SEOUL, July 30 (Korea Bizwire) — A special counsel team again raided the office of minor party leader Lee Jun-seok on Wednesday as part of its investigation into former first lady Kim Keon Hee’s alleged election meddling. Investigators from special counsel Min Joong-ki’s team searched the office of the New Reform Party (NRP) leader on [...]
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 [...]