Government Kicks Off “New Leap Fund” to Wipe Out Old Debts for Over 1 Million Borrowers SEOUL, Oct. 8 (Korea Bizwire) — The South Korean government has launched a new debt relief initiative aimed at helping long-term defaulters rebuild their financial lives, but officials face a key hurdle in securing cooperation from private lenders that [...]
SEOUL, Oct. 8 (Korea Bizwire) — When A, the teenage son of an international marriage, returned to Korea in his first year of high school, his parents told him to skip school and start working. They pushed him instead to a Seoul education center for migrant youths to learn Korean quickly. Two years later, he [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Korea’s leading electronic component makers, Samsung Electro-Mechanics and LG Innotek, are expected to post stronger-than-expected earnings in the third quarter, buoyed by robust demand for Apple’s new iPhone 17 and a strategic shift toward higher-margin products. According to market tracker Yonhap Infomax, the consensus estimate for LG Innotek’s [...]
SEOUL, Oct. 8 (Korea Bizwire) — Naver Cloud has claimed first place at a leading international competition for optical character recognition (OCR), cementing its standing as a global leader in text recognition technology. According to the ICT industry on Wednesday, Naver Cloud ranked first at the OCR competition held during the International Conference on Document [...]
SEOUL, Oct. 8 (Korea Bizwire) — Samsung Electronics’ latest foldable smartphones, the Galaxy Z Fold7 and Flip7, have received the highest ratings from leading consumer publications in the United States and Europe, reinforcing the company’s dominance in the premium foldable market. According to industry sources on Wednesday, consumer advocacy magazines in five countries — including [...]
SEOUL, Oct. 8 (Korea Bizwire) – Stalking crimes have increased in the past three years since the enactment of the anti-stalking law in 2021, a lawmaker said, citing government data. The number of such crimes stood at 13,283 last year, up 26 percent from 10,545 cases in 2022, according to the Office for Government Policy [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Korea is turning to artificial intelligence to address a mounting environmental challenge: the massive volume of discarded clothing fueled by fast fashion. The Ministry of Climate, Energy and Environment announced Wednesday that it will invest 25 billion won ($18 million) through 2030—including 17.5 billion won in government funding—to [...]
SEOUL, Oct. 8 (Korea Bizwire) — Food prices in South Korea have risen more than 20 percent over the past five years, far outpacing overall inflation and placing a growing strain on household budgets. According to data released Wednesday by the National Data Office, the consumer price index for “food and non-alcoholic beverages” in September [...]
KUALA LUMPUR, Malaysia, Oct. 07, 2025 (Korea Bizwire) – Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”) today announced that it has entered into a Subscription Agreement with Malaysian investors Chan Meng Chun and Chuah Su Chen, raising USD 400,000 through a strategic equity investment. The participation of Executive Director Chan Meng Chun [...]
SINGAPORE, Oct. 07, 2025 (Korea Bizwire) – STAR Systems International, a global leader in tolling technology, is proud to announce the successful implementation of a Multi-Lane Fast Flow—also known as Multi-Lane Free Flow (MLFF) and Open Road Tolling (ORT)—pilot project in Kuala Lumpur, Malaysia. This milestone marks a significant upgrade for the region’s tolling infrastructure, [...]