SEOUL, Nov. 19 (Korea Bizwire) — One Russian and one Vietnamese suspect were recently extradited to the United States after being apprehended in South Korea earlier this year, the justice ministry said Tuesday. The Russian is under investigation by U.S. authorities on suspicions of using ransomware to encrypt data at multiple U.S. companies and then [...]
SEOUL, Nov. 19 (Korea Bizwire) – In a novel approach to corporate social responsibility, a South Korean advertising agency is breathing new life into a community bathhouse, transforming it into what is being called “the world’s safest bathhouse” for elderly residents. Innocean, a marketing communications company led by CEO Lee Yongwoo, is undertaking a complete renovation [...]
SEOUL, Nov. 19 (Korea Bizwire) — A Seoul court again rejected an arrest warrant for Qoo10 CEO Ku Young-bae on Tuesday on fraud and embezzlement charges related to his e-commerce group’s large-scale payment delays to vendors. The Seoul Central District Court made the decision following a hearing Monday, saying there was “room for dispute” over [...]
SEOUL, Nov. 19 (Korea Bizwire) – The fortunes of South Korea’s three mid-sized automakers—GM Korea, KG Mobility, and Renault Korea—continue to hinge on the success of individual vehicle launches, with the pattern showing no signs of abating in 2024. The trend began with KG Mobility (formerly SsangYong Motor) riding high on its Torres SUV in 2022, [...]
SEOUL, Nov. 18 (Korea Bizwire) — Prosecutors questioned a former chairman of a major South Korean dairy company Monday as part of an investigation into allegations he embezzled company funds for personal use. Hong Won-sik, former chairman of Namyang Dairy Products Co., underwent the questioning at the Seoul Central District Prosecutors Office, officials said. Hong [...]
RIO DE JANEIRO, Nov. 18 (Korea Bizwire) — President Yoon Suk Yeol said Monday that South Korea will provide US$10 million worth of humanitarian aid to address the hunger crisis in Africa as part of a global initiative led by the Group of 20 (G20) major economies. Yoon made the pledge as a member of [...]
SEOUL, Nov. 19 (Korea Bizwire) — The global messaging service Telegram has designated an officer in charge of protecting underage users from illicit content amid criticism over its passive response against sexually exploitative materials circulating on the platform, South Korea’s media regulator said Tuesday. The Korea Communications Commission (KCC) said Telegram made the designation and [...]
SEOUL, Nov. 19 (Korea Bizwire) — K-pop sensation Stray Kids will perform at Tottenham Hotspur Stadium, home to English Premier League club Tottenham Hotspur and its star player Son Heung-min, in July next year, to become the first K-pop act to do so, the band’s agency said Tuesday. JYP Entertainment said the concert, scheduled for [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korea has started the construction of a land-based test site for a homegrown combat system to be fitted on a next-generation destroyer, the state arms procurement agency said Tuesday. A groundbreaking ceremony for the test site took place at an Agency for Defense Development research center in the [...]
SEOUL, Nov. 19 (Korea Bizwire) — Unionized Seoul subway workers said Tuesday they will go on a full-scale strike on Dec. 6 in demand of increases in wages and new staff hiring. The walkout plan was announced in a news conference by the biggest of the three labor unions of Seoul Metro, the operator of [...]