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Korean Conglomerates Mobilize Against U.S. Tariff Risks with Local Production and Inventory Strategies

Korean Conglomerates Mobilize Against U.S. Tariff Risks with Local Production and Inventory Strategies

SEOUL, April 25, (Korea Bizwire) — South Korea’s largest corporations are ramping up their responses to the renewed threat of U.S. tariffs under the Trump administration by stockpiling inventory and expanding production within the United States, signaling a shift toward more aggressive contingency planning. During first-quarter earnings calls on April 24, companies across the automotive, [...]

Korean Court Upholds Suspension of Pastor Who Blessed LGBTQ Participants at Queer Festival

Korean Court Upholds Suspension of Pastor Who Blessed LGBTQ Participants at Queer Festival

SEOUL, April 25 (Korea Bizwire) —  A South Korean appellate court has upheld the disciplinary suspension of Pastor Lee Dong-hwan, who received a two-year suspension from the Korean Methodist Church for offering blessings to LGBTQ individuals during a queer cultural festival in 2019. The Seoul High Court’s Civil Division 9 on April 24 dismissed Lee’s appeal [...]

Domestic Consumption Faces Long-Term Decline Amid Structural Shifts

Domestic Consumption Faces Long-Term Decline Amid Structural Shifts

SEOUL, April 24 (Korea Bizwire) —  South Korea’s domestic consumption has entered a prolonged downward trend, driven not by short-term disruptions like COVID-19 or inflation, but by deep-rooted structural issues such as demographic aging, employment patterns, and industrial shifts, according to a new report released on April 23, 2025, by the Korea Chamber of Commerce and [...]

South Korea Expands Access for Assistance Dogs Under New Disability Law Revisions

South Korea Expands Access for Assistance Dogs Under New Disability Law Revisions

SEOUL, April 22 (Korea Bizwire) —  Starting April 23, 2025, individuals with disabilities in South Korea will be allowed to enter nearly all public and private spaces with assistance dogs, following a newly revised enforcement ordinance and rule under the Disability Welfare Act (ACT ON WELFARE OF PERSONS WITH DISABILITIES). Announced by the Ministry of Health [...]

U.S.-China Tariff War Sparks Fears of Dumping Surge in South Korea

U.S.-China Tariff War Sparks Fears of Dumping Surge in South Korea

SEOUL, April 21 (Korea Bizwire) —  As the U.S.-China trade war escalates in 2025, South Korea’s retail and small manufacturing sectors are bracing for a potential flood of low-cost Chinese goods that could destabilize domestic markets. Industry concerns have mounted following a series of aggressive tariff measures by former U.S. President Donald Trump. On April 9, [...]

Workers at Small Businesses Remain Unprotected Under Labor Law, Advocacy Group Warns

Workers at Small Businesses Remain Unprotected Under Labor Law, Advocacy Group Warns

SEOUL, April 20 (Korea Bizwire) —  Despite growing awareness of labor rights in South Korea, workers at businesses with fewer than five employees continue to face widespread legal exclusion and exploitation, according to a report released Sunday by labor advocacy group Workplace Gapjil 119. The group highlighted recent consultations with employees at small firms who reported [...]

U.S. DOE Official Highlights S. Korea’s Role in Trump Administration’s Energy Strategy

U.S. DOE Official Highlights S. Korea’s Role in Trump Administration’s Energy Strategy

SEOUL, April 18 (Korea Bizwire) – A senior U.S. energy official on Friday underscored South Korea’s growing significance in the Donald Trump administration’s push to expand American energy exports and diversify global supply chains. Speaking via video remarks at an energy forum hosted by the American Chamber of Commerce in Korea (AMCHAM) held in Seoul, [...]

South Korea’s Landmark Tobacco Lawsuit Nears Verdict as Health Insurer Battles Big Tobacco

South Korea’s Landmark Tobacco Lawsuit Nears Verdict as Health Insurer Battles Big Tobacco

SEOUL, April 18 (Korea Bizwire) — A high-stakes legal battle between South Korea’s National Health Insurance Service (NHIS) and major tobacco companies is approaching its conclusion, with a final appeals court hearing set for next month. The case, which pits public health costs against personal responsibility, could reshape the nation’s tobacco policies and set a powerful [...]

Battery Firms Scale Back Joint Ventures with Chinese Partners Amid Policy Uncertainty

Battery Firms Scale Back Joint Ventures with Chinese Partners Amid Policy Uncertainty

SEOUL, April 18, (Korea Bizwire) — South Korea’s major battery manufacturers are delaying or scrapping joint ventures with Chinese companies as geopolitical risks, regulatory uncertainty, and market stagnation force a strategic rethink in the electric vehicle (EV) supply chain. According to industry sources on April 17, LG Energy Solution has postponed construction of two planned [...]

Backlash Mounts as Baemin Imposes New Takeout Fee on Small Businesses

Backlash Mounts as Baemin Imposes New Takeout Fee on Small Businesses

SEOUL, April 16 (Korea Bizwire) —  South Korea’s top food delivery app Baemin is facing mounting criticism from small business owners after it began charging a 6.8% service fee on takeout orders this week—a move seen as a reversal of the hard-won compromise on delivery commissions reached in 2024. On April 14, the first day the [...]