Tokenization of Financial Assets Emerges as Key Challenge for South Korea’s Finance Sector

Blockchain-based real-world asset tokens seen as the next frontier in finance, as lawmakers prepare legal framework for 2026 launch. (Image created by ChatGPT) SEOUL, May 2 (Korea Bizwire) — South Korea’s financial industry is accelerating efforts to …

Education Minister Assumes Unprecedented Triple Role Amid Power Vacuum in South Korea

Lee’s elevation represents a further step into uncharted territory — effectively a “third-degree acting role,” as Korean commentators have described it. (Image supported by ChatGPT) SEOUL, May 1 (Korea Bizwire) —  In an extraordinary development that …

South Korea's third acting president is low-key economist at helm amid deep turmoil

By Jack Kim SEOUL (Reuters) - South Korea's third acting leader in five months, Lee Ju-ho, is an understated labour economist and education bureaucrat thrust into managing high-stakes trade talks with the United States and a country reeling from …

South Korea Snap Elections: Yoon's party yet to announce candidate

North Korea’s Kim Jong Un visits tank factory, touts progress in Korean-style tanks

SEOUL – North Korean leader Kim Jong Un has inspected an "important" tank factory and touted "great progress in the core technology of Korean-style tanks", state media KCNA said on May 4.  He said producing cutting-edge tanks and …

South Korea's acting president says to ensure stability until election

Choi, who has played a leading role in the response to US tariffs, apologised in a statement for not being able to continue his work while the country faces severe economic conditions at home and abroad. The finance minister resigned just before midnight …

South Korea former PM launches presidential bid

South Korea’s former prime minister Han Duck-soo announced his bid for the presidency on Friday, joining the race in a snap election triggered by the impeachment of ex-president. The June 3 vote will decide who replaces impeached former president Yoon Suk …

South Korea: Lee Ju-ho Vows Stability As Acting President After Top Resignations

Home Asia South Korea: Lee Ju-ho Vows Stability As Acting President After Top Resignations Lee pledged to work closely with the Cabinet and opposition-led parliament which impeached Yoon in December, and to try to stabilise government. South Korea’s acting …

Asia Minute: Tariff talks extend for another round with South Korea and Japan

U.S. Treasury Secretary Scott Bessent says trade talks are going well with “several” Asian countries. And that includes two that have negotiating teams back in Washington this week. South Korea sent a delegation back to Washington this week for what its …

South Korea Unveils Comprehensive Plan to Tackle Nation’s 134,000 Vacant Homes

As the number of vacant homes increases, Gyeonggi Province is carrying out renovation projects by selecting properties that meet specific maintenance criteria. The photo shows a renovated vacant home. (Image provided by the Gyeonggi Provincial Government) …