Press Releases
Looking for more press releases? Explore our full press release archive by date to access past announcements, news updates, and media releases published on Sejong City Times.
South Korea Slaps SK Telecom with USD97M Data Breach Fine
MENAFN
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August 30, 2025
(MENAFN) South Korean regulators slapped a telecommunications giant with an unprecedented penalty Thursday following a massive data breach, media reported. The Personal Information Protection Commission (PIPC) levied a crushing 134.79 billion won...
VivoPower to Present at XRP Seoul 2025 in South Korea
GlobeNewswire, Inc.
·
August 29, 2025
XRP Seoul 2025 is the premier XRP event in Asia, sponsored by Ripple South Koreans hold an estimated $29 billion of XRP, representing 25% of the circulating supply LONDON, Aug. 29, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ:...
South Korea, US Complete Maritime Infiltration Drills
MENAFN
·
August 28, 2025
(MENAFN) South Korean and American special operations forces carried out combined training this week to enhance their maritime infiltration skills, a news agency reported on Thursday. The three-day operation, which wrapped up on Wednesday, was...
South Korea Reports Historic Growth in June Births
MENAFN
·
August 28, 2025
(MENAFN) South Korea experienced its fastest growth in June births on record, according to official data released Wednesday by Statistics Korea and reported by media. A total of 19,953 babies were born last month, marking a 9.4% increase compared...
South Korea Moves to Ban Mobile Phones in Schools
MENAFN
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August 28, 2025
(MENAFN) South Korea’s National Assembly on Wednesday approved a landmark law prohibiting the use of mobile phones and digital devices during classroom lessons in schools. This legislative change, amending the Elementary and Secondary Education...
South Korea’s Central Bank Keeps Policy Rate Unchanged
MENAFN
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August 28, 2025
(MENAFN) South Korea’s central bank kept its benchmark interest rate unchanged for the second consecutive time on Thursday, reflecting ongoing domestic and global uncertainties. The Bank of Korea (BOK), led by Governor Rhee Chang-yong, opted to...
South Korea’s Real Wages Post Increase in June
MENAFN
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August 28, 2025
(MENAFN) South Korea’s inflation-adjusted wages continued their upward trend in June, marking the fourth consecutive monthly increase, driven by steady nominal wage growth amid moderating inflation, according to data released Thursday by the...
South Korea Posts 2.1 Percent Increase in Household Income
MENAFN
·
August 28, 2025
(MENAFN) South Korean households saw average income rise for the eighth consecutive quarter, supported by gains in wages and business earnings, according to data released Thursday by Statistics Korea. In the second quarter of 2025, the average...
South Korea Sees 9.1 Percent Robust in July Retail Sales
MENAFN
·
August 27, 2025
(MENAFN) South Korea’s retail sector posted a robust 9.1 percent year-on-year increase in combined offline and online sales last month, fueled by strong online purchases of food, daily essentials, and services, government data revealed on...
South Korea Records USD1.29B Drop in Foreign Currency Deposits
MENAFN
·
August 27, 2025
(MENAFN) South Korea’s foreign currency deposits fell for the first time in three months in July, driven by declining demand for the U.S. dollar and Chinese yuan, Bank of Korea (BOK) data revealed on Wednesday. According to the central bank, total...
South Korea Posts Decline in Bank Lending Rates
MENAFN
·
August 27, 2025
(MENAFN) South Korean banks’ lending rates declined for the eighth consecutive month in July, driven by ongoing reductions in the central bank’s policy rate, data from the Bank of Korea (BOK) revealed Wednesday. The weighted average interest rate...
North Korea Accuses South Korea’s Leader of Hypocrisy
MENAFN
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August 27, 2025
(MENAFN) North Korea lashed out at South Korean President Lee Jae Myung on Wednesday, accusing him of revealing his “true identity as a hypocrite” after he pushed for denuclearization during a visit to the United States. In a scathing commentary...
South Korea Pursues "Mature" China Relationship
MENAFN
·
August 26, 2025
(MENAFN) South Korea is aiming to advance a “mature” and pragmatic relationship with China while continuing to deepen its alliance with the United States, special envoys for South Korean President Lee Jae Myung said, according to media on Monday....
South Korea Posts Decrease in July Corporate Bond Sales
MENAFN
·
August 26, 2025
(MENAFN) South Korea’s corporate bond issuance edged down slightly in July, reflecting reduced funding needs from industrial firms, according to data released Tuesday by the Financial Supervisory Service. The total corporate bond sales fell 0.5...
South Korea Plans to Ramp Up Defense Spending
MENAFN
·
August 26, 2025
(MENAFN) South Korean President Lee Jae Myung announced plans to ramp up defense spending as part of a strategic push to assume a more “leading role” in safeguarding security on the Korean Peninsula. The declaration came after Lee’s inaugural...
North Korea Rebukes U.S.-South Korea Joint Exercise
MENAFN
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August 26, 2025
(MENAFN) Pyongyang has sharply criticized the joint war games conducted by the United States and South Korea, calling them a destabilizing threat to regional security. In a statement released by media on Tuesday, Kim Yong Bok, the first vice-chief...
South Korea’s Leader to Address U.S. Strategic Demands, North Korea with Trump
MENAFN
·
August 25, 2025
(MENAFN) South Korean President Lee Jae Myung announced Sunday he will address a wide array of critical topics, including North Korea and Washington’s push for strategic flexibility regarding US forces stationed in South Korea, during his...
Trump Casts Doubts on South Korea’s Stability
MENAFN
·
August 26, 2025
(MENAFN) U.S. President Donald Trump publicly questioned South Korea’s political stability on Monday, days before his highly anticipated White House meeting with South Korean President Lee Jae-myung. “WHAT IS GOING ON IN SOUTH KOREA? Seems like a...
South Korea Records Rise in 2023 Elderly Pension
MENAFN
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August 25, 2025
(MENAFN) South Korea recorded a moderate rise in its senior pension payouts in 2023, extending a years-long upward trend, according to data released Monday by Statistics Korea. Elderly citizens aged 65 and above received an average monthly pension...
Pacific General Expands Private Equity Presence in South Korea with Key New Hire
GlobeNewswire, Inc.
·
August 25, 2025
NEW YORK, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Pacific General, a New York based investment firm specializing in consumer and industrials private equity investments, announced today that Greg Yun has joined its private equity team as a Managing...