SEOUL, Nov. 18 (Korea Bizwire) — South Korea has secured a decisive victory in its protracted legal war with Lone Star Funds, closing a contentious chapter that has shaped the country’s financial and political landscape for more than two decades. The U.S. private equity firm—long criticized in Korea as a predatory “vulture fund”—first entered the market [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea is facing renewed public outrage over its drunk-driving laws after a series of fatal crashes — including the recent death of a Japanese tourist in Seoul — reignited anger over what many view as lenient punishments for offenders. The debate intensified after a Japanese user on the social [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s long-term unemployment has climbed to its highest level in four years, driven largely by a surge in jobless young adults with university degrees, according to new government data released Sunday. The number of people who searched for work for more than six months but failed to secure a [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea plans to impose stricter disclosure requirements on listed companies’ executive compensation and expand access to shareholder voting information, in a move aimed at improving market transparency and strengthening investor rights, the Financial Services Commission (FSC) announced Sunday. Under the reform package — titled Measures to Improve Corporate Disclosure [...]
DAEJEON, Nov. 15 (Korea Bizwire) — South Korea walked out of Daejeon World Cup Stadium on Friday night with a 2–0 win over Bolivia — but the scoreline glossed over a performance that left far more concerns than comfort. Yes, Son Heung-min delivered a world-class free kick. Yes, Cho Gue-sung capped his long-awaited return with a [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea and the United States released a joint fact sheet on Thursday (U.S. time) that, while avoiding explicit references to China, carries unmistakable signals of Washington’s intent to enlist Seoul more deeply in countering Beijing’s expanding military footprint in the Indo-Pacific. The document, unveiled a day after the two [...]
SEJONG, Nov. 14 (Korea Bizwire) — South Korea’s housing wealth gap continued to widen last year as expensive homes climbed further in value while lower-priced properties lost ground, according to new government data released Friday. The National Data Office said the price difference between the top 10 percent and bottom 10 percent of homes ballooned to [...]
SEJONG, Nov. 13 (Korea Bizwire) — Fewer South Koreans say they plan to give anything back when they’re gone. Only about one in five now say they would leave part of their estate to society, the lowest share in more than a decade of record-keeping. The figure—22.2 percent, according to the National Data Agency’s latest Social [...]
SUNCHEON, South Korea, Nov. 11 (Korea Bizwire) — The families of those killed in the 1948 Yeosu-Suncheon Incident say they are being wronged a second time—this time not by soldiers, but by lawyers. More than seventy-five years after their parents and grandparents were branded traitors and executed during South Korea’s turbulent birth, survivors are now accusing [...]
SEOUL, Nov. 11 (Korea Bizwire) — More than one in four South Korean households expect their financial situation to improve next year, even as a growing share of the population reports feeling lonely, according to a government survey released Tuesday. The biennial survey, conducted by the Ministry of Data and Statistics, found that 27 percent of [...]