Kim & Chang, Debevoise & Plimpton to host seminar on private equity disputes

South Korean law firm Kim & Chang and US law firm Debevoise & Plimpton will jointly host a seminar on private equity disputes on Oct. 28, according to the Seoul-based company on Monday. The event will be held as part of the Seoul ADR Festival, which will take place from Oct. 28 to Nov. 1. The SAF is one of the most well-known alternative dispute resolution events hosted by the Korean Commercial Arbitration Board and co-organized by the Justice Ministry, the International Chamber of Comme

Social AffairsOct. 14, 2024

Chinese comprise 90% of foreign investors granted resident visas: data

Nearly 9 in 10 foreign nationals who secured long-term residency in South Korea via financial investments over the past five years are Chinese nationals, according to data. Data from the Ministry of Justice, obtained and released Monday by the Democratic Party of Korea Rep. Jeon Hyun-heui, shows that of 116 foreign investors granted an F-2 residency permit between 2019 and 2023, 89.7 percent, or 104 individuals, were Chinese nationals. Of these Chinese investors, 79.2 percent, or 92, were base

Social AffairsOct. 14, 2024

Lyme disease cases on rise in Korea

The number of Lyme disease cases has increased in South Korea, raising concerns that the tick that carries the virus might have already become endemic. The Korea Disease Control and Prevention Agency on Monday said there were 45 reported cases of Lyme disease in the country last year, including 36 cases in which people were infected domestically, eight cases in which people were infected overseas and one with an unknown transmission route. Lyme disease, an illness caused by borrelia bacteria, is

Social AffairsOct. 14, 2024

N. Korea appears to be preparing for explosions on roads connected to S. Korea: JCS

North Korea appears to be preparing to carry out explosions at roads connected to South Korea, the South's military said Monday, just days after Pyongyang vowed to cut off all inter-Korean roads and railways. On Wednesday, the North's Korean People's Army announced the measure that will "completely separate" North Korea's territory from that of South Korea and said it sent a telephone message to the US military in the South to "prevent any misjudgment and accid

North KoreaOct. 14, 2024

N. Korea says it ordered front-line artillery units to fully prepare to open fire

North Korea's military has ordered artillery units along the border with South Korea to be fully ready to open fire, state media has reported, after the North warned of a "horrible disaster" over the alleged flight of drones over its capital. North Korea's defense ministry issued the statement Sunday night, days after the recalcitrant regime claimed South Korea had sent unmanned drones carrying anti-North Korea propaganda leaflets over Pyongyang three times this month. "

North KoreaOct. 14, 2024

South Korean military has ‘nothing to confirm’ on North Korea preparing border artillery corps to shoot

The South Korean military said Sunday it has “nothing to confirm” regarding North Korea claiming to have ordered its artillery corps near the shared border to fully prepare to shoot. “The military has nothing to confirm,” a South Korean Joint Chiefs of Staff official told The Korea Herald. North Korea’s defense ministry said in a statement releases through the state Korean Central News Agency that it has put “fully armed” artillery corps along the border

DefenseOct. 13, 2024

S. Korea warns N. Korea will see 'end of its regime' if it harms its people

South Korea warned North Korea on Sunday that it will see "the end of its regime" if it causes any harm to its people, after the North threatened a "horrible disaster" over the alleged flight of drones over its capital. The South's Defense Ministry issued the statement after Kim Yo-jong, the powerful sister of the North's leader Kim Jong-un, made the threat in a commentary carried by its state media, just a day after the reclusive state claimed the South had sent

North KoreaOct. 13, 2024

[News Focus] Momentum builds for 3-way summit by end of year

South Korea, the United States and Japan are accelerating efforts to convene a trilateral summit by the end of this year to bolster deterrence against North Korean threats and enhance regional security in light of rising Sino-US tensions. President Yoon Suk Yeol's National Security Adviser Shin Won-sik said in an interview with KBS Sunday that the three parties are "moderately building a consensus" for a standalone three-way summit "as soon as possible after" multilatera

PoliticsOct. 13, 2024

Minister ensures med school quality despite quota hike

Amid uncertainties in the landscape of medical education in South Korea following the government's plan to hike the admissions quota, Education Minister Lee Ju-ho on Sunday vowed to ensure the quality of medical education while pleading with medical students now in their ninth month of a strike against the plan to return. In a Korean-language interview with Yonhap News Agency, Lee said he "emphasizes as the education minister" that the level of medical education will remain high,

Social AffairsOct. 13, 2024

2 Filipinas who left pilot program cite overwork, excessive surveillance

Two Filipinas from Seoul city's foreign caregivers pilot program who disappeared from their accommodations in Gangnam-gu on Sept. 15 after starting work in Seoul were later found in Busan after being reemployed as cleaners, according to the Philippine government’s Department of Migrant Workers. In an interview on Oct. 9 with the Philippines' 24 Oras, Bernard Olalia, undersecretary for licensing and adjudication of the DMW, said that the two caregivers claimed to have had difficul

Social AffairsOct. 13, 2024

Confusion over alleged S. Korean drone intrusion: Who's behind it?

North Korea's recent claim that the South had sent uncrewed aerial vehicles over Pyongyang three times since last week has stirred a contentious debate on the veracity of the claim and the implications. As of Sunday, the South Korean government has maintained a noncommittal stance, neither confirming nor denying the allegations, while North Korea has yet to present definitive evidence. In a message delivered Friday through the Korean Central News Agency, the North's Foreign Ministry cl

North KoreaOct. 13, 2024

Mothers of 13 kids honored by government

The Ministry of Health and Welfare recently gave awards to two Korean mothers who gave birth to 13 children, including the mother of actress Nam Bo-ra, who is well-known for being the oldest of her 13 siblings. Eom Gye-suk, 60, was given the Seongnyu Medal, the fifth grade of the Order of Civil Merit given to those to recognize contributions to the country and welfare of the people with their outstanding accomplishments in the field of politics, economics, society, education or academics. She ga

Social AffairsOct. 13, 2024

Govt fines journalists who revealed names of Itaewon tragedy victims

A government report showed Sunday that a local group of citizen-journalists has been fined in connection with its decision to publish the names of those who lost their lives in the October 2022 crowd crush in Itaewon without getting consent from the victims' bereaved families. Mindle News, an independent media outlet founded in 2022, was fined 3 million won ($2,200) in late July by the Personal Information Protection Commission for violating the Personal Information Act, according to PIPC

Social AffairsOct. 13, 2024

Employee fired for taking gift mugs ruled unfair dismissal

A local court said Sunday it ruled against a company that fired an employee for taking without permission five mugs and one calendar intended as promotional gifts for customers. Seoul Administrative Court has ruled against Porsche Korea's official dealer, Autostadt, who challenged the National Labor Relations Commission's ruling on its firing of the employee. The company had dismissed the employee -- who had worked there nine years -- in February last year, arguing that he had taken th

Social AffairsOct. 13, 2024

[From the Scene] SLW program explores tech integration for better, happier urban lives

An exhibition program hosted by the Seoul city government last week explored innovative ideas for urban challenges in areas such as transportation, environment and safety, with private companies showcasing tailored solutions to global cities from 18 countries. The Presentation for Your City program was the centerpiece of Seoul Smart Life Week, held from Thursday to Saturday at Coex in southern Seoul, as it conveyed fresh urban solutions that can be applied not only to Seoul, but other metropolit

Social AffairsOct. 13, 2024

Man is injured rescuing a driver from burning car

Local rescue authorities said passengers of a bus managed to rescue a person from a burning car, with one sustaining an injury in the process. According to the Gyeongbuk Fire Service Headquarters, a sedan caught fire after colliding with a truck while backing up at the Goryeong junction in Goryeong-gun, North Gyeongsang Province, on the Gwangju-Daegu Expressway at around 9:13 a.m. on Oct.10. Passengers on a passing tour bus came over and pulled the driver out of the burning car, and one passenge

Social AffairsOct. 13, 2024

Some of N. Korea's trash balloons equipped with GPS transmitters: S. Korean military

Some of the balloons floated by North Korea to dump trash across South Korea have been equipped with GPS transmitters, South Korea's military said Sunday. According to South Korea's Joint Chiefs of Staff, GPS transmitters were found in some of the North Korean balloons, and Pyongyang may be using them to look into the balloons' flight data. A South Korean military official said the military is "tracking North Korea's possible development of balloon flotation technology a

North KoreaOct. 13, 2024

Senior diplomats of S. Korea, US, Japan to hold talks in Seoul this week: foreign ministry

Senior diplomats of South Korea, the United States and Japan will gather in Seoul this week for trilateral talks on ways to further boost their partnership, Seoul's foreign ministry said Sunday. First Vice Foreign Minister Kim Hong-kyun will host US Deputy Secretary of State Kurt Campbell and Japanese Vice Foreign Minister Masataka Okano for the dialogue scheduled for Wednesday, the ministry said in a release. Kim will also hold separate bilateral talks with Campbell on the same day and wit

Diplomatic CircuitOct. 13, 2024

N. Korean leader's sister warns of 'horrible disaster' if S. Korean drones found again

The influential sister of North Korean leader Kim Jong-un warned Sunday that South Korea will face a "horrible disaster" if South Korean drones are flown again over the North's capital. Kim Yo-jong made the remark in a statement carried by the North's Korean Central News Agency, just a day after the reclusive regime floated trash balloons toward South Korea, claiming the South had sent unmanned drones over Pyongyang three times this month. "We have no concern about who i

North KoreaOct. 13, 2024

S. Korea, US, Japan summit expected near end of 2024: national security adviser

The leaders of South Korea, the United States and Japan are expected to hold a trilateral summit near the end of this year, according to South Korea's national security adviser Saturday. Earlier in the day, Seoul's presidential office said US President Joe Biden has proposed holding a trilateral summit by the end of this year. He made the proposal in a message conveyed to South Korean President Yoon Suk Yeol through Secretary of State Antony Blinken at the Association of Southeast Asia

Diplomatic CircuitOct. 12, 2024