SEOUL, July 13 (Korea Bizwire) – The government’s move to ban identification photos on all public sector resumes is facing angry backlash from local photo studio owners worried about a dive in sales. Members of an association of private photo studio owners held a rally Thursday in front of the office of President Moon Jae-in’s power [...]
SEOUL, Jul. 10 (Korea Bizwire) — President Moon Jae-in’s approval rating edged up again last week due in part to his stern response to North Korea’s missile launch and brisk diplomacy to rein in the provocative state, a survey indicated Monday. In the Realmeter survey conducted from Monday to Friday, Moon’s rating was tallied at [...]
SEOUL, Jul. 6 (Korea Bizwire) — Until recently, the 400-meter-long road along the presidential compound Cheong Wa Dae was dotted with checkpoints, barricades and plain-clothed policemen who would hurl a vexing, if not rude, question to passers-by, “Where are you going?” The heavily guarded trail kept conjuring up the aloof, high-handed image of a president [...]
SEOUL, Jul. 4 (Korea Bizwire) — Despite electricity shortage worries over the temporary shutdown of eight aging coal-fired power plants last month, the electricity supply in South Korea has remained relatively stable, industry reports said. According to the Korea Power Exchange (KPX), the country’s electricity consumption hit its monthly high on June 30, at 75.41 [...]
SEOUL, July 3 (Yonhap) – South Korean President Moon Jae-in urged North Korea to return to the negotiating table Monday, saying now may be the last chance for the communist state to do so. In a meeting with former U.S. President Barack Obama, the new South Korean president noted he and U.S. President Donald Trump agreed [...]
SEOUL, July 3 (Korea Bizwire) – South Korea will not undergo a sharp drop in consumption despite the ever-rising household debt, a private think tank said Monday, citing growth in property and financial asset value. Households where the head of the family was over 55 have witnessed a 94.51 percent rise in income and 78.32 [...]
SEOUL, Jun. 28 (Korea Bizwire) — The presidential office Cheong Wa Dae on Wednesday defended the government’s decision to temporarily suspend the construction of two nuclear reactors, saying it was made after “painstaking deliberations.” On Tuesday, Cheong Wa Dae announced that the government will halt the construction of the reactors in Ulsan, 414 kilometers southeast [...]
SEOUL, June 26 (Korea Bizwire) – South Korea will not reverse the planned deployment of an advanced U.S. missile defense system, its top diplomat said Monday, reiterating the government’s stance apparently aimed at easing uncertainty surrounding the agreement with the United States reached by the previous government. “As my president himself made it clear on [...]
SEOUL, June 26 (Korea Bizwire) – Samsung Electronics Co. is expected to announce a plan to build a new production facility in the United States during President Moon Jae-in’s visit to Washington this week, industry sources said Monday. “As Samsung’s plan to build a factory for home appliances is virtually fixed, it is likely the [...]
SEOUL, Jun. 24 (Korea Bizwire) — When it comes to cell phone bills in South Korea, the overwhelming public sentiment is that people think they are paying too much at the moment. The row between the government and telecom companies over efforts to reduce phone bills in recent years mirrors the frustration very palpable in a [...]