SEOUL, June 19 (Korea Bizwire) — Contrary to persistent public concerns that foreign nationals are draining South Korea’s national health insurance system, new data reveal a dramatically different reality: foreign enrollees have delivered a growing budget surplus for eight consecutive years, reaching an all-time high in 2024. According to figures released Wednesday by the National [...]
SEOUL, June 19 (Korea Bizwire) — In a milestone for South Korea’s luxury financial market, Hyundai Card has become the first local issuer to launch the American Express Centurion Card—widely known as the “original black card”—marking the domestic debut of a product long reserved for the global ultra-elite. The card, issued exclusively by invitation and [...]
SEOUL, June 19 (Korea Bizwire) — For the first time, more than 30% of cardiac arrest patients in South Korea received cardiopulmonary resuscitation (CPR) from bystanders before emergency personnel arrived—marking a milestone in public health efforts to improve survival outcomes outside of hospital settings. According to data released Wednesday by the Korea Disease Control and [...]
SEOUL, June 19 (Korea Bizwire) — Alibaba Cloud, the cloud computing arm of China’s Alibaba Group, announced Thursday that it will launch its second data center in South Korea this month, strengthening its foothold in a rapidly evolving cloud and AI market. At a press briefing held in Seoul’s Gangnam district, the company outlined its expanded [...]
SEOUL, June 19 (Korea Bizwire) — On a weekday afternoon in Seoul, a single-person household places a modest ₩9,000 food order through Baemin. It’s a small indulgence—but soon, it will come with even smaller strings attached. In a move that could reshape the economics of Korea’s food delivery market, Woowa Brothers Corp., the operator behind [...]
SEOUL, June 19 (Korea Bizwire) — Over half of South Korean companies view economic cooperation with Japan as beneficial and believe it should continue, a survey showed Thursday, as the two nations mark the 60th anniversary of the normalization of diplomatic ties this year. In the poll conducted by the Federation of Korean Industries (FKI) [...]
SEOUL, June 19 (Korea Bizwire) — Kia Corp. on Thursday launched updated versions of its flagship K5 and K8 sedans in South Korea by adding a new trim packed with high-demand features. Newly added for both models is the Best Selection trim, which combines popular features at competitive pricing. For the K5, the new trim [...]
SEOUL, June 19 (Korea Bizwire) — South Korean scientists have developed a groundbreaking surgical imaging technique that uses genetically engineered bacteria to illuminate cancerous tissue in real time, potentially revolutionizing the precision and safety of tumor removal procedures. The Korea Institute of Science and Technology (KIST) announced Wednesday that its research team, led by Dr. [...]
SEOUL, June 19 (Korea Bizwire) — The Bank of Korea has warned that continued efforts to stimulate construction investment through non-capital region housing projects may be exacerbating the nation’s widening housing market divide, rather than resolving it. In a report released Wednesday, the central bank argued that building new homes in low-demand regions outside the [...]
SEOUL, June 19 (Korea Bizwire) — A wave of consumer complaints is erupting over how some South Korean law firms are handling group lawsuits related to the high-profile hacking incident involving SK Telecom. Critics say certain firms are aggressively soliciting participants and collecting upfront fees without adequate explanation—only to later demand detailed evidence of damages, [...]