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Woori Bank Becomes First Major Korean Lender to Display Bitcoin Prices in Its Trading Room

Woori Bank Becomes First Major Korean Lender to Display Bitcoin Prices in Its Trading Room

SEOUL, Dec. 5 (Korea Bizwire) — Woori Bank has begun displaying Bitcoin price data alongside exchange rates and stock indexes on the electronic board inside its main dealing room in central Seoul, the bank said Friday — a first among South Korea’s commercial banks and a notable sign of the industry’s growing embrace of digital assets.

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New Law Blocks Absent Parents From Claiming National Pension After Child’s Death

New Law Blocks Absent Parents From Claiming National Pension After Child’s Death

SEOUL, Dec. 5 (Korea Bizwire) — South Korea has moved to close a long-criticized legal loophole that allowed parents who abandoned or failed to care for their children to later claim financial benefits after the child’s death. The National Assembly has passed an amendment to the National Pension Act that blocks such parents from receiving survivor

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Survey Finds Heavy Education Costs and Mixed Quality-of-Life Satisfaction Among Busan Residents

Survey Finds Heavy Education Costs and Mixed Quality-of-Life Satisfaction Among Busan Residents

BUSAN, Dec. 5 (Korea Bizwire) — More than half of Busan residents say they feel heavily burdened by their children’s education expenses, which now average 860,000 won (about $660) per month, according to the city’s latest annual social survey. The 2025 Busan Social Survey, released Friday and based on responses from 31,774 residents, paints a detailed

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Household Wealth Inequality Widens in South Korea as Real Estate Prices Surge

Household Wealth Inequality Widens in South Korea as Real Estate Prices Surge

SEOUL, Dec. 5 (Korea Bizwire) — South Korea’s household wealth gap widened last year, driven largely by sharp gains in real estate values, according to a nationwide financial welfare survey released on Thursday by the Bank of Korea, the National Data Policy Office, and the Financial Supervisory Service. As of March 2025, the average household’s net

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Coupang Data Breach Raises Scrutiny of Foreign Developer Hiring, Including Large China-Based Teams

Coupang Data Breach Raises Scrutiny of Foreign Developer Hiring, Including Large China-Based Teams

SEOUL, Dec. 5 (Korea Bizwire) — South Korean e-commerce giant Coupang is facing intensifying scrutiny after a major data leak revealed that significant portions of its Korean-language service were built and maintained by foreign developers, including sizable teams based in China. The primary suspect in the breach is a former Chinese employee who worked on the

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Postech Sees Hoodie Sales Surge After Nuri Rocket Chief Appears in Alma Mater Gear

Postech Sees Hoodie Sales Surge After Nuri Rocket Chief Appears in Alma Mater Gear

POHANG, Dec. 5 (Korea Bizwire) — The successful fourth launch of South Korea’s homegrown Nuri rocket has had an unexpected beneficiary: Pohang University of Science and Technology (Postech). According to the university on Thursday, the surge in attention began after Park Jong-chan, 53, head of the Korea Aerospace Research Institute’s Nuri rocket advancement program, appeared at

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Nearly Half of Koreans Now View Independent YouTube Creators as Legitimate Media

Nearly Half of Koreans Now View Independent YouTube Creators as Legitimate Media

SEOUL, Dec. 5 (Korea Bizwire) — More than half of South Koreans watch news on YouTube every day, and a growing share now views content produced by non-traditional creators — individuals and small businesses — as legitimate news media, according to new research presented at a national policy forum on Thursday. The survey, conducted in August

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Coupang Executives Sold Millions in Stock After Massive Data Breach Occurred but Before It Was Disclosed

Coupang Executives Sold Millions in Stock After Massive Data Breach Occurred but Before It Was Disclosed

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