SEOUL, Feb. 1 (Korea Bizwire) — The government on Thursday imposed an eight-month business suspension on GS Engineering & Construction Corp. over the collapse of a parking garage at an apartment construction site in Incheon last year. The land ministry said GS Engineering, along with four smaller consortium partner builders, will be subject to business [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korea suspended part of a 2018 inter-Korean military tension reduction agreement Wednesday in response to North Korea’s latest launch of a military spy satellite. Under the proposal approved in an extraordinary Cabinet meeting presided over by Prime Minister Han Duck-soo, Seoul will restore reconnaissance and surveillance activities around [...]
SEOUL, April 9 (Korea Bizwire) — South Korea has temporarily suspended the Kori-2 nuclear reactor for safety inspections and improvements required to extend its operations, its operator said Sunday. The No. 2 reactor at the Kori Nuclear Power Plant, located in Busan, 325 kilometers southeast of Seoul, was halted at 10 p.m. Saturday upon the [...]
SEOUL, May 30 (Korea Bizwire) — South Korean duty-free operators said Saturday they will temporarily close some of their outlets in cities starting next month in line with a drastic fall in visitors amid the new coronavirus outbreak. Industry leader Lotte Duty Free said it will suspend the operation of its outlet on the southern [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Korea will suspend the operation of five aged coal power plants March through June to help ease fine dust pollution, the energy ministry said Wednesday. The Ministry of Trade, Industry and Energy said it will temporarily close the five thermal power plants that are over 30 years old, [...]