Moon warns Japan will suffer more damage from export curbs against S. Korea
President Moon Jae-in on Monday vowed not to succumb to Japan’s economic pressure, warning that the neighboring country will suffer greater economic damage should their trade stand-off continue. He stressed that Tokyo’s tougher export restrictions, which target firms here, will be counterproductive and eventually backfire due to the “united power” of all South Korean people. […]
U.S. officials share concern about Seoul-Tokyo tensions: NSC official
U.S. officials have expressed concern that tensions between South Korea and Japan over Tokyo’s export restrictions against Seoul are not conducive to trilateral cooperation between the three countries, Seoul’s deputy national security adviser said Saturday. Kim Hyun-chong, deputy chief of Cheong Wa Dae’s National Security Office, made the remark to reporters as he wrapped up […]
S. Korea embraces deepening trade row as Japan considers additional measures
Trade tensions between South Korea and Japan are escalating as Tokyo seems to be preparing to expand the scope of its export controls beyond high-tech materials to a wide spectrum of areas, which could disrupt the global supply chain, industry watchers said Monday. Japan began applying stricter export rules on South Korea for three key […]
S. Korea: new law to bring to light widespread but overlooked problem of workplace bullying
A new law designed to prevent bullying in the workplace is set to go into effect in South Korea this week, setting the stage for victims of harassment at work to get some protection. A revised law on labor standards, commonly called the workplace anti-bullying law, will be effective starting Tuesday, after a six-month grace […]
South Korea’s legend BTS to perform in Saudi Arabia in “Love Yourself: Speak Yourself” world tour
BTS, the first and only South Korean band to top the U.S. Billboard 200, has added Saudi Arabia to their world tour “Love Yourself: Speak Yourself”. The group has posted on its website that it would be performing in the Saudi capital Riyadh at King Fahad International Stadium on October 11. BTS will be the […]
S. Korea: Woori to launch center for pension fund management
Woori Bank will open a center for pension fund management Monday, to improve its customers’ return on assets, the bank said Friday. According to Woori, the center will be a comprehensive consulting center staffed by 30 advisors specializing in private banking. The bank’s division for pension funds will be in charge of its operation. In order […]
S. Korea to raise minimum wage for next year by 2.9 pct
South Korea decided Friday to raise the minimum wage for next year by 2.9 percent, the slowest growth in a decade, as it took into account an economic slowdown and sluggish job growth. The Minimum Wage Commission, involving labor and business representatives and experts, set the minimum wage at 8,590 won (US$7.32) per hour for […]
Busan subway workers end strike after pay raise deal
Subway workers in the southern city of Busan ended their two-day strike Thursday after the labor union and management reached a wage deal. Busan Transportation Corp., the city-run operator of the subway system, agreed with the union to raise wages 0.9 percent and hire 540 new workers. The members of the labor union went on […]
Seoul seeks US backing over trade war
Calls are growing for the United States to intervene in the deepening trade friction between South Korea and Japan after Japan’s Prime Minister Shinzo Abe imposed new restrictions on exports that could hurt South Korea’s tech industry. Thoughts are that if tensions continue to escalate, cooperation outside bilateral economic relations such as coordinating “in efforts […]
Royal reception hall of late Joseon Dynasty opens to public
A royal reception hall of the Joseon Dynasty (1392-1910) was opened to the public Wednesday after four years of restoration. Practically wrapping up the restoration of Heungbokjeon, an annex at Gyeongbok Palace, where King Gojong used to greet foreign delegations and study when he was on the throne from 1863 to 1907, the Cultural Heritage […]
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