SEOUL, Jan. 21 (Korea Bizwire) — All of the 46 supporters of President Yoon Suk Yeol who were apprehended for violently storming the Seoul Western District Court that issued an arrest warrant for the impeached president last Sunday are facing formal arrests, prosecution officials said Tuesday. The Seoul Western District Prosecutors Office sought arrest warrants [...]
SEOUL, Jan. 21 (Korea Bizwire) — More than 34 million people are expected to travel domestically and internationally during the upcoming Lunar New Year holiday, according to a state-run institute Tuesday. The Korea Transport Institute said it estimates 34.84 million people to be on the move during the six-day period from Saturday to next Thursday, [...]
SEOUL, Jan. 21 (Korea Bizwire) — Industrial accident claims from delivery service workplaces increased dramatically last year, reaching approximately 1,500 cases – nearly five times the number reported in 2020, according to new government data. The figures, released on January 20 by the Korea Workers’ Compensation & Welfare Service and analyzed by Rep. Kim Wi-sang of [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s universities face mounting financial challenges as the number of incoming students declines and dropout rates rise. Many institutions, particularly private universities in Seoul, are debating strategies to address the crisis, including tuition hikes and increased reliance on government funding. According to data released on Sunday by the [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s credit default swap (CDS) premium, a key indicator of national credit risk, has started to decline after spiking due to political turbulence. The downturn signals a slight recovery in investor confidence following heightened concerns over political uncertainty. On January 17, the five-year CDS premium for South Korea [...]
SEOUL, Jan. 20 (Korea Bizwire) — A dedicated government task force to support the families of the victims of last month’s Jeju Air Co. plane crash has officially begun operations, the transport ministry said Monday. The task force will take over the responsibilities of an integrated support center established on Dec. 29, when a Jeju Air [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korea’s labor market in 2024 showed strong overall employment figures, but significant challenges persist for youth employment and gender-based labor disparities, according to the Ministry of Employment and Labor. At a briefing on January 16, 2025, the Ministry reviewed detailed employment trends from the Statistics Korea report on [...]
SEOUL, Jan. 17 (Korea Bizwire) – Impeached President Yoon Suk Yeol again refused to appear for questioning over his failed martial law bid Friday, the third day of his detention. The Corruption Investigation Office for High-ranking Officials (CIO) had ordered him to appear for further questioning at 10 a.m. after he failed to appear the [...]
SEOUL, Jan. 17 (Korea Bizwire) — North Korea’s state media on Friday published reports about impeached South Korean President Yoon Suk Yeol’s detention as part of an investigation into his botched imposition of martial law, two days after he was taken into custody. The Korean Central Broadcasting Station, a radio broadcaster, and the Rodong Sinmun [...]
SEOUL, Jan. 17 (Korea Bizwire) — Shinhan Card, a major South Korean credit card company, unveiled ‘REVIVE’ as its consumer trend keyword for 2025 on January 16, based on an analysis of customer spending and social media data. The REVIVE framework encompasses six key trends: Redefine Festivities, Exploring Identity, Virtual Companions, Integrated Contents Commerce, Value of [...]