GANGNEUNG, Aug. 28 (Korea Bizwire) — An endangered aquatic plant has flourished against the odds this summer, producing the largest bloom on record in the wetlands of Gangneung, despite one of the harshest heat waves and droughts in years. The prickly water lily, or Gasiyeon — designated a Level-2 endangered species by South Korea’s Environment [...]
ATLANTA, Aug. 27, 2025 (Korea Bizwire) – Countdown For A Cure, a foundation dedicated to accelerating mitochondrial research and medicine, today announced a $350,000 grant to Minovia Therapeutics Ltd., a clinical-stage company pioneering mitochondrial transplantation technologies. The funding will support Minovia’s research proposal to develop novel mitochondrial blood-based biomarkers that quantify mitochondrial content, quality, and [...]
50-Lounge Global Rollout blending Luxury Hospitality with Secure Digital Monetization KUALA LUMPUR, Malaysia, Aug. 27, 2025 (Korea Bizwire) – VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), today announced a strategic partnership with Reveillon Group Limited (“Reveillon Group”), a leading Food and Beverage (F&B) operator with substantial operations across Malaysia, to co-launch a [...]
SEOUL, Aug. 28 (Korea Bizwire) — South Korea’s financial regulators said Wednesday they will impose significantly harsher penalties on accounting fraud, expanding fines for both companies and executives in an effort to close loopholes that have allowed senior management to escape responsibility. Under the new framework approved by the Securities and Futures Commission, fines for [...]
SEOUL, Aug. 28 (Korea Bizwire) — South Korea’s largest companies have sharply increased their reliance on temporary workers over the past four years, raising questions about job stability in one of Asia’s most industrialized economies. According to data released Wednesday by CEO Score, which analyzed quarterly filings from 334 of the country’s top 500 companies [...]
SEOUL, Aug. 28 (Korea Bizwire) — More than a decade after the suicide of three impoverished women in Seoul’s Songpa District shocked the nation and exposed deep flaws in the welfare system, South Korea’s government has unveiled its most ambitious blueprint yet to build what it calls a “zero poverty society.” The Lee Jae-myung administration [...]
SEOUL, Aug. 28 (Korea Bizwire) — Global ransomware cases climbed 17 percent in the second quarter from a year earlier, with consumer-facing services bearing the brunt of attacks, according to a report released Tuesday by SK Shieldus, a South Korean cybersecurity company. The firm tallied 1,556 incidents worldwide between April and June. While that marked [...]
SEOUL, Aug. 28 (Korea Bizwire) — A large majority of South Koreans believe government support is crucial to developing venture businesses, underscoring public recognition of startups as key drivers of innovation and economic growth, according to a survey released Tuesday. The poll, conducted by the Korea Venture Business Association between July 14 and 21 with [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Korea’s parliament has passed a law banning the use of smartphones during class time in elementary, middle and high schools, in an effort to curb youth overdependence on digital devices — though critics argue the measure could prove largely symbolic and even restrictive of students’ rights. The amendment [...]
SEOUL, Aug. 28 (Korea Bizwire) — Hyundai Mobis, the auto parts arm of Hyundai Motor Group, said Tuesday it will enter the automotive semiconductor and robotics markets as part of an effort to secure new growth engines beyond its traditional mobility business. At its annual CEO Investor Day in Seoul, the company outlined a dual-track [...]