SEOUL, Jan. 23 (Korea Bizwire) — The South Korean government announced plans to institutionalize undercover narcotics investigations and strengthen on-site enforcement authority in response to the evolving sophistication of drug trafficking networks. The measures, unveiled during a cabinet meeting on January 22, are part of the country’s first Basic Narcotics Control Plan for 2025–2029. The [...]
SEOUL, Jan. 22 (Korea Bizwire) — Statistics Korea announced plans on January 21 to develop a groundbreaking Population Dynamics Panel Statistics project that will examine how economic and social factors influence marriage and childbirth decisions among different age groups. The new study will track life events of individuals born between 1983 and 1995, analyzing how factors [...]
SEOUL, Jan. 22 (Korea Bizwire) — Over 1.34 million South Koreans are expected to travel overseas during the upcoming Lunar New Year holiday, when many will likely take extra leave to further extend the period to up to 10 days, according to industry data Wednesday. According to the data from the Incheon International Airport Corp. [...]
SEOUL, Jan. 22 (Korea Bizwire) — The number of female independent directors at South Korea’s top 100 companies continued to grow in 2024, a report showed Wednesday. The number of female outside directors at the top 100 firms by sales came to 100 as of end-September, accounting for 24.2 percent of the total 454, according [...]
SEOUL, Jan. 22 (Korea Bizwire) — Acting President Choi Sang-mok said Wednesday that police officers will be stationed at courts, including the Constitutional Court, on a 24-hour basis to ensure security amid heightened tensions following the impeachment of President Yoon Suk Yeol. The announcement comes after supporters of the impeached president stormed the Seoul Western [...]
SEOUL, Jan. 22 (Korea Bizwire) — Impeached Prime Minister Han Duck-soo underwent questioning by prosecutors earlier this week as part of their probe into the short-lived imposition of martial law last month, judicial sources said Wednesday. Han appeared before the prosecution’s special investigation team Tuesday as a suspect in the case, according to the sources. [...]
SEOUL, Jan. 22 (Korea Bizwire) — Investigators arrived at the Seoul Detention Center on Wednesday to make their third attempt to forcibly bring in President Yoon Suk Yeol for questioning over his failed martial law bid. A vehicle belonging to the Corruption Investigation Office for High-ranking Officials (CIO) was seen entering the detention center in [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Korean authorities are raising alarms over a surge in voice phishing scams involving fraudulent credit card deliveries. According to the National Police Agency’s Telecommunication and Financial Fraud Response Center, reports of “card delivery scams” skyrocketed to 6,619 cases in November 2024, a 75-fold increase from just 88 cases [...]
SEJONG, Jan. 21 (Korea Bizwire) — South Korea’s customs authorities intercepted a record volume of illegal drugs in 2024, with 862 cases totaling 787 kilograms, enough to supply approximately 26 million doses. This marks a 22% increase in the number of cases and a 2% rise in total weight compared to the previous year, according to [...]
SEOUL, Jan. 21 (Korea Bizwire) — The Korea Corporate Governance Forum (KCGF) lauded Samsung Electronics for its decision to award executive performance bonuses in company stock, calling it “a significant step toward an advanced compensation model.” In a statement issued on January 20 by Chairman Lee Nam-woo, the forum noted that this marks an important [...]