SEOUL, Dec. 4 (Korea Bizwire) — Major South Korean conglomerates kept busy Wednesday trying to evaluate their business conditions amid uncertainties in the wake of a short-lived declaration of emergency martial law that sent ripples through the financial market. Key players in the business sector, including Samsung Group, SK Group and LG Group, held emergency [...]
SEOUL, Dec. 4 (Korea Bizwire) — Civic groups gathered in Gwanghwamun Square in Seoul on Wednesday to denounce President Yoon Suk Yeol’s short-lived declaration of martial law and demand the impeachment of his administration. Members of the Korean Confederation of Trade Unions, People’s Solidarity for Participatory Democracy and other civic groups held a press conference [...]
WASHINGTON, Dec. 3 (Korea Bizwire) — South Korean President Yoon Suk Yeol’s short-lived declaration of martial law appeared to have taken the United States aback, pushing its officials to ensure the alliance with the long-trusted Asian ally is “ironclad” while voicing hope for a “peaceful” resolution. After Yoon made the surprise declaration of emergency martial [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korea’s top general on Wednesday ordered the military to focus on its duty of protecting the public after the National Assembly voted to reject President Yoon Suk Yeol’s declaration of martial law. Joint Chiefs of Staff (JCS) Chairman Adm. Kim Myung-soo made the remark in an emergency meeting [...]
SEOUL, Dec. 4 (Korea Bizwire) – South Korea’s private universities, including major institutions in Seoul, are grappling with mounting financial difficulties due to shrinking student populations and frozen tuition fees. An alarming analysis presented at a National Assembly forum on December 3 revealed that eight out of ten leading private universities in Seoul are operating [...]
SEOUL, Dec. 3 (Korea Bizwire) – President Yoon Suk Yeol declared martial law on December 3, pledging to “rebuild and safeguard the Republic of Korea from descending into ruin.” The announcement came during an emergency briefing held at the presidential office in Yongsan, Seoul. In response, Defense Minister Kim Yong-hyun convened a late-night meeting with senior [...]
SEOUL, Dec. 3 (Korea Bizwire) – As South Korea confronts an aging population, discussions around extending the retirement age are gaining momentum in political and corporate circles. While companies remain wary of increased wage burdens, they are exploring flexible approaches to address the issue. The ruling People Power Party has highlighted the urgency of reform. [...]
JEJU, South Korea, Dec. 3 (Korea Bizwire) — A group of Vietnamese tourists who entered South Korea through the southern island of Jeju last month has disappeared, authorities said Tuesday. The 38 people were among a group of some 90 tourists who arrived in Jeju from Nha Trang, Vietnam, on a chartered VietJet Air flight [...]
SEOUL, Dec. 3 (Korea Bizwire) — A senior presidential official said Tuesday that a now-disbanded consultative body on a prolonged walkout by trainee doctors could be reopened, but urged relevant parties to make more efforts to resolve the medical impasse. Jang Sang-yoon, senior presidential secretary for social policy, made the remark during a radio interview [...]
SEOUL, Dec. 3 (Korea Bizwire) – South Korea is witnessing a sharp rise in young people opting out of work or job-seeking, raising fears of a growing NEET (Not in Education, Employment, or Training) population, according to a recent report by the Bank of Korea. The study, released on Monday, reveals that the number of [...]