SEOUL, Nov. 6 (Korea Bizwire) — Nearly half of running jackets tested in South Korea lost their water-repellent performance after several washes, a government consumer watchdog said Wednesday. The Korea Consumer Agency tested eight popular running jacket brands and found that four of them showed weakened water repellency after five washes. The test rated water repellency [...]
SEOUL, Nov. 6 (Korea Bizwire) — South Korea recorded about 23 billion won (US$166 million) in fraudulent unemployment benefit claims so far this year, with the government recovering only two-thirds of the amount, according to parliamentary data released Wednesday. The National Assembly Budget Office said in its 2026 budget analysis that as of August, authorities [...]
SEOUL, Nov. 6 (Korea Bizwire) — A majority of South Koreans say they do not trust the national pension system, according to a new survey released Wednesday by the Korea Employers Federation (KEF). In the poll of 1,007 adults conducted by Mono Research, 55.7 percent said they did not trust the National Pension Service, compared [...]
POHANG, Nov. 6 (Korea Bizwire) — One subcontracted worker died and three others were injured after inhaling toxic gas at POSCO’s Pohang steelworks on Wednesday morning, reviving criticism of what labor groups call South Korea’s “outsourced danger.” According to police and POSCO officials, the accident occurred around 9 a.m. at the stainless steel annealing and pickling [...]
SEOUL, Nov. 6 (Korea Bizwire) — South Korea’s top financial regulator has approved a new service that lets travelers invest leftover foreign currency from prepaid cards into overseas stocks, marking the latest step in its push to foster financial innovation. The Financial Services Commission (FSC) said Wednesday that it designated NH Investment & Securities and fintech [...]
SEOUL, Nov. 6 (Korea Bizwire) — South Korea’s National Pension Service (NPS) will overhaul its 1,200 trillion won (US$905 billion) investment governance structure to enhance the professionalism and agility of how the world’s third-largest pension fund manages its growing assets. Under the new system, the NPS will split its single Investment Committee into two separate [...]
Freshservice for Business Teams has doubled in ARR as an add-on to Freshservice ITSM and is now available as an independent product for non-IT functions SAN MATEO, Calif., Nov. 05, 2025 (Korea Bizwire) – Freshworks Inc. (NASDAQ: FRSH), today announced that Freshservice for Business Teams is now available as a standalone product, no longer requiring an existing Freshservice [...]
A Media Snippet accompanying this announcement is available by clicking on this link. MESA, Ariz., Nov. 05, 2025 (Korea Bizwire) – Markray Corporation (OTC: RVBR) announces the successful public demonstrations of advanced Cosmic Ray technology developed by nuclear engineer Mehran Tavakoli Keshe, which now enables direct creation of pure, fully refined materials without need for [...]
Highlights Revenue grew 14% year over year to $1.72 billion Product revenue grew 18% year over year to $559.3 million Billings grew 14% year over year to $1.81 billion1 Record third quarter GAAP operating margin of 32% Record third quarter Non-GAAP operating margin of 37%1 SUNNYVALE, Calif., Nov. 05, 2025 (Korea Bizwire) – Fortinet® (Nasdaq: FTNT), a [...]
SEOUL, Nov. 5 (Korea Bizwire) — Coupang reported record-high sales for the third quarter of 2025, buoyed by increased customer spending on its Rocket Delivery service and rapid growth in new ventures such as its Taiwan operations and Coupang Eats. Yet analysts warn that the company’s profitability remains stagnant, with operating margins stuck in the [...]