SEOUL, Feb. 19 (Korea Bizwire) — A total of 30 military service members, including 17 generals, have been under investigation over their alleged involvement in President Yoon Suk Yeol’s failed bid to impose martial law on Dec. 3, a lawmaker said Wednesday, citing a defense ministry report. Authorities have so far notified 17 generals and [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korean users of the popular short-video app TikTok are on the rise despite concerns over possible data leakage, an industry data tracker said Wednesday. The monthly active users (MAU) of TikTok and TikTok Lite, which are owned by China-based ByteDance, reached 4.89 million and 4.79 million, respectively, in [...]
SEOUL, Feb. 18 (Korea Bizwire) — A growing number of young South Koreans in online communities are engaging in radical political actions, including plotting disruptions at court buildings and orchestrating mass messaging campaigns against Constitutional Court Acting Chief Justice Moon Hyung-bae. Experts suggest that economic instability and social alienation among youth are fueling this escalation. According [...]
SEOUL, Feb. 18 (Korea Bizwire) — A U.S.-based relief organization has won the Seoul Peace Prize for its longstanding humanitarian work in delivering medical supplies to those impacted by disasters and conflicts, the prize committee announced Tuesday. The award will be presented to Direct Relief, a nonprofit humanitarian relief organization, committed to providing immediate and [...]
SEOUL, Feb. 17 (Korea Bizwire) — A South Korean court has acquitted a surgeon of medical negligence in the death of a Hong Kong woman during a liposuction procedure, citing a lack of definitive causation. However, the court imposed a fine for unlawfully attracting foreign patients without proper registration. The Seoul Central District Court on Monday [...]
INCHEON, South Korea, Feb. 17 (Korea Bizwire) — A fundraising campaign launched by firefighters in Incheon to support accident victims has surpassed 1.2 billion won ($827,586) in donations over five years, officials announced on February 16. The “119 Miracle” campaign, which began in August 2019, allows participants to donate 119 won daily to assist victims of [...]
SEOUL, Feb. 17 (Korea Bizwire) — The government and the ruling People Power Party were set to discuss preventive measures Monday following a fatal stabbing of an 8-year-old student by a school teacher in the central city of Daejeon last week. During the consultations, the two sides will also discuss whether to seek an amendment [...]
SEOUL, Feb. 17 (Korea Bizwire) — A new analysis has revealed that South Korea’s large companies offer significantly higher wages and wage growth rates compared to their counterparts in Japan and the European Union. According to a report released February 16 by the Korea Enterprises Federation (KEF), the annual total wages at large Korean companies, excluding [...]
SEOUL, Feb. 16 (Korea Bizwire) — South Korea’s Housing and Urban Guarantee Corporation (HUG) has introduced a stringent “one-strike-out” policy to immediately initiate foreclosure proceedings against foreign landlords who fail to return tenants’ rental (jeonse) deposits, aiming to curb financial risks associated with non-compliant property owners. HUG announced on Friday that the new measure, effective since [...]
SEOUL, Feb. 14 (Korea Bizwire) – South Korea added more than 130,000 jobs in January, marking a turnaround from an on-year decline in the previous month, though job growth remained in the 100,000 range, data showed Friday. The number of employed people came to 27.88 million as of the end of last month, up 135,000 [...]