SEOUL, June 13 (Korea Bizwire) — Foreign investment in South Korean securities recorded the largest net inflow in nearly two years in May, supported by easing domestic political uncertainties and reduced concerns over the United States’ trade policy, the central bank said Friday. Offshore investors purchased a net US$9.29 billion worth of local stocks and [...]
SEOUL, June 13 (Korea Bizwire) — A major hacking incident that has paralyzed South Korea’s largest online bookstore, Yes24, for more than four days has reignited public debate over the vulnerability and ownership of digital content—particularly e-books. The service disruption, caused by a ransomware attack disclosed on June 9, has left more than 20 million [...]
SEOUL, June 13 (Korea Bizwire) – A growing chorus of civic groups and Korean language educators is calling on the South Korean government to halt its plan to privatize the administration of the Test of Proficiency in Korean (TOPIK), warning that the move would undermine the public integrity of the exam and place financial burdens [...]
SEOUL, June 13 (Korea Bizwire) — South Korea’s leading food service brands are accelerating the development of proprietary mobile apps to improve convenience, enhance customer engagement, and differentiate their services in a competitive dining market. On Thursday, Baskin-Robbins Korea launched its official mobile application, offering delivery and takeout ordering, reservation services, product recognition features, and [...]
SEOUL, June 13 (Korea Bizwire) — A Seoul court has ruled in favor of Samsung Electronics in a high-profile lawsuit filed by over 1,800 Galaxy smartphone users, who claimed the company misled them by pre-installing software that throttled device performance without adequate disclosure. In a ruling delivered Wednesday, the Seoul Central District Court dismissed the [...]
SEOUL, June 13 (Korea Bizwire) — Roughly eight out of ten South Koreans believe public hospitals are essential, particularly in times of medical crisis such as the COVID-19 pandemic and recent government-doctor disputes. Yet despite broad public recognition of their importance, actual usage of public hospitals remains relatively low, according to a new government-funded study. [...]
SEOUL, June 13 (Korea Bizwire) — South Korea’s petrochemical sector is ramping up restructuring talks, including potential consolidation of naphtha cracking center (NCC) facilities, as companies grapple with sustained oversupply from China and a prolonged global economic slowdown. The shift comes as the administration of President Lee Jae-myung prepares to roll out policy support for [...]
SEOUL, June 13 (Korea Bizwire) — South Korea’s stock market has soared for six consecutive trading days following the inauguration of President Lee Jae-myung, but retail investors who bet against the rally are now grappling with mounting losses. The benchmark KOSPI index closed above the 2,920 mark on Thursday, up 8.19% since June 4—Lee’s first [...]
SEOUL, June 12 (Korea Bizwire) — As South Korea edges into a super-aged society, dementia has become one of the country’s most urgent public health challenges. Now, a joint research team from Korea and the United States has reported a major breakthrough in Alzheimer’s diagnosis—a blood-based test that could dramatically improve early detection and targeted treatment. [...]
SEOUL, June 12 (Korea Bizwire) — Hyundai Motor is doubling down on its push into the high-performance electric vehicle market with the upcoming debut of the Ioniq 6 N, a sleek and powerful EV sedan poised to rival models like the Porsche Taycan. On Thursday, the automaker released teaser images of the Ioniq 6 N, [...]