SEOUL, June 16 (Korea Bizwire) — South Korea’s Hanwha Systems Co. has partnered with U.S. defense giant Northrop Grumman Corp. to jointly develop multilayered air defense systems, industry sources said Monday. According to the sources, Hanwha Systems has recently signed a memorandum of understanding (MOU) for joint projects in air defense systems with the U.S. [...]
SEOUL, June 16 (Korea Bizwire) — A growing number of South Korean workers believe the legal minimum wage should be extended to cover gig workers, freelancers, and those in special employment arrangements, reflecting mounting concern over the widening protections gap in the evolving labor market. According to a survey released Sunday by the labor rights group [...]
SEOUL, June 16 (Korea Bizwire) — Nearly half of caregivers for people with developmental disabilities in South Korea are providing care alone, often without any backup support in emergencies, according to a nationwide study released Sunday. The survey, commissioned by the Ministry of Health and Welfare and conducted by the Korea Institute for Health and Social [...]
JEJU, June 16 (Korea Bizwire) — As summer nears, Jeju Island is transformed by the vibrant hues of hydrangeas—arguably the island’s most iconic early-summer bloom. Typically appearing in early June and peaking for about a month, these vivid blossoms drape coastal paths, forest trails, and historic landmarks across the island, offering locals and tourists alike a [...]
SEOUL, June 15 (Korea Bizwire) — The number of drug offenders in South Korea surpassed the 20,000 mark for the second consecutive year in 2024, with people in their 20s and 30s accounting for over 60 percent of the total, data showed Sunday. Last year, a total of 23,022 people were apprehended for drug-related offenses, [...]
SEOUL, June 15 (Korea Bizwire) — South Korea’s household debts stood at nearly 1.7 times their disposable income, data showed Sunday, with the pressure for loan repayment driving down consumer spending, potentially triggering an economic recession. The debt-to-income ratio for South Korean households and nonprofit organizations came to 174.7 percent as of end-2024, according to [...]
SEOUL, June 14 (Korea Bizwire) — Once a symbol of status and a booming lifestyle trend during the pandemic, golf in South Korea is now facing a quieter season. The latest figures show that the country’s imports of golf equipment plunged over 23 percent last year, falling to approximately 756.6 billion won (US$557.7 million) — a [...]
JEJU, June 14 (Korea Bizwire) — Jeju Island has begun harvesting its signature seasonal delicacy — chotang sweet corn — a favorite summer treat prized for its juicy crunch and natural sweetness. According to the Jeju Agricultural Research and Extension Services, harvesting started in late May with greenhouse-grown crops and has now expanded to open-field tunnel-grown [...]
SEOUL, June 13 (Korea Bizwire) — A new public opinion survey shows that a strong majority of South Koreans have confidence in President Lee Jae-myung’s ability to lead the nation, with 70 percent of respondents saying they expect him to perform well during his five-year term. The poll, conducted by Gallup Korea from June 10 to [...]
GOYANG, June 13 (Korea Bizwire) — In a sea of purple, the signature color of global pop sensation BTS, fans from around the world gathered on Friday at Kintex Exhibition Center in Goyang to celebrate the group’s 12th debut anniversary at the 2025 BTS FESTA. This year’s event holds special significance: it marks the long-awaited return [...]