SEOUL, March 28 (Korea Bizwire) — A new government report has revealed a growing polarization in housing among young South Koreans in their early 30s, with more individuals shifting either into monthly rentals or homeownership—while the once-dominant jeonse (lump-sum deposit lease) model continues to decline. Published Wednesday by Statistics Korea’s National Statistical Research Institute, the [...]
WASHINGTON, March 27 (Korea Bizwire) — The alliance between South Korea and the United States is in a “quiet crisis,” a prominent U.S. expert said Thursday, pointing to a series of recent developments, including the absence of leader-level contact and Seoul’s exclusion from the Pentagon chief’s ongoing Indo-Pacific trip. Victor Cha, Korea Chair at the [...]
SEOUL, March 28 (Korea Bizwire) — North Korea reported Friday that brisk preparations were under way for the start of the new academic year in April, including the nationwide distribution of school uniforms and other items. The Rodong Sinmun, North Korea’s main newspaper for the general public, published the report as the country prepares to [...]
SEOUL, March 28 (Korea Bizwire) — Countries worldwide scrambled to understand the sudden death of North Korea’s founder, Kim Il-sung, in 1994, with the United States and Russia questioning the isolated state’s future under his son and successor, Kim Jong-il, declassified diplomatic dossiers showed Friday. Kim Il-sung, the founder and first leader of North Korea, [...]
SEOUL, March 28 (Korea Bizwire) — Krafton Inc., the South Korean game developer of global hit titles such as PUBG: Battlegrounds, on Friday released the early access version of its new life simulation game inZOI on the global PC gaming platform Steam. Developed by Krafton’s inZOI Studio, the game has drawn growing interest from global [...]
SEOUL, March 28 (Korea Bizwire) — Lotteria, a burger chain operated by Lotte Group’s affiliate Lotte GRS Co., will raise prices of its main products next week to pass higher costs onto customers, Lotte GRS said Friday. Lotteria will raise the prices of 65 items, including 23 burgers, beverages and desserts, by an average of [...]
UISEONG, South Korea, March 28 (Korea Bizwire) — Firefighters on Friday raced to put out the main blazes in southeastern regions, helped by better visibility and cooler temperatures from overnight rain, as the nation is battling the worst wildlife disaster, which has claimed 28 lives so far. Fueled by strong winds and dry conditions, a [...]
SEOUL, March 28 (Korea Bizwire) — The Korea Customs Service (KCS) said Friday it has launched a special unit to “preemptively” protect domestic companies from potential fallout due to the latest tariff measures by the U.S. administration. The team aims to minimize anticipated disruptions stemming from U.S. President Donald Trump’s planned reciprocal tariffs, which are [...]
SEOUL, March 28 (Korea Bizwire) — The top national sports body announced Friday it has formally validated Chung Mong-gyu’s reelection as head of the Korea Football Association (KFA), putting faith in the much-maligned organization’s push for self-reform. The Korean Sport & Olympic Committee (KSOC) said it had informed the KFA of its decision to ratify Chung’s election [...]
SEOUL, March 28 (Korea Bizwire) — South Korea will work toward the prompt and safe repatriation of two North Koreans who were found adrift in waters south of the inter-Korean maritime border earlier this month, the unification ministry said Friday. “(The government) will have consultations with related bodies for the North Korean residents’ prompt and [...]