ULSAN, Jan. 27 (Korea Bizwire) — A South Korean court on Tuesday acquitted former labor union leaders at HD Hyundai Heavy Industries who had removed facial-recognition access equipment from the company’s shipyard, ruling that their actions constituted a legitimate response to an imminent violation of workers’ rights. The Ulsan District Court found 13 former officials [...]
SEOUL, Jan. 27 (Korea Bizwire) – The South Korean government said Tuesday that it had received a formal letter from the United States urging swift implementation of a bilateral tariff agreement, a move that comes as President Donald Trump signaled a tougher trade stance toward one of Washington’s closest Asian allies. The confirmation followed Mr. [...]
SEOUL, Jan. 26 (Korea Bizwire) — President Lee Jae Myung’s decision not to automatically extend a temporary tax break for owners of multiple homes reflects an effort to restore policy normalcy and curb speculative investment in the housing market, a senior presidential aide said Monday, as opposition from property owners continues to mount. Lee Kyu-yeon, the [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korea’s General Motors unit is facing legal resistance from its labor union over plans to shut down company-run repair centers, a move workers say threatens both labor agreements and consumer safety. The GM Korea Branch of the Korean Metal Workers’ Union said Monday it has filed for a court [...]
SEOUL, Jan. 26 (Korea Bizwire) — As winter cold snaps, flu outbreaks and school holidays pushed blood donations to critically low levels across South Korea, an unlikely solution emerged: a viral dessert. Blood centers nationwide have begun offering a highly sought-after treat known as the “Dubai chewy cookie” — or dujjonku — as a donation incentive, [...]
WASHINGTON, Jan. 24 (Korea Bizwire) – A newly released U.S. defense strategy is signaling a subtle but consequential shift in Washington’s approach to the Korean Peninsula, raising the prospect of changes to the American military footprint in South Korea and placing new expectations on Seoul to assume greater responsibility for its own defense as the [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korea’s climate and environment authorities said Thursday they will begin formally managing insects that appear in large numbers in urban areas, responding to a rise in outbreaks linked to climate change. The Ministry of Climate, Energy and Environment announced that so-called “urban mass-occurrence insects,” including the red-backed lovebug, will [...]
SEOUL, Jan. 22 (Korea Bizwire) — Seoul’s Gangnam District has begun installing newly designed “separated smoking booths” along major commercial corridors, part of a broader effort to reduce secondhand smoke and ease tensions between smokers and pedestrians. District officials said Thursday that the first booths have been placed near the DB Financial Center on Teheran-ro and [...]
SEOUL, Jan. 22 (Korea Bizwire) – The unification ministry said Thursday it will seek consultations with the U.N. Command (UNC) over its move to reopen three shuttered trail sections within the inter-Korean buffer zone of the Demilitarized Zone (DMZ). In 2019, South Korea launched 11 trail routes, known as the DMZ Peace Trail, along key [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s unexpectedly strong start to the year is beginning to reshape investor sentiment, as retail traders scale back bets on a market downturn and shift cautiously toward products that track the rise of the benchmark index. Data released Wednesday by Yonhap Infomax showed that individual investors last week reduced [...]