SEOUL, June 4 (Korea Bizwire) — The Seoul Metropolitan Council is advancing a new ordinance that prioritizes children’s right to play over noise complaints related to playground activities, aiming to safeguard childhood development while mediating community concerns. On June 3, Councilmember Yoon Young-hee of the People Power Party introduced an amendment to the “Seoul Ordinance [...]
SEOUL, June 4 (Korea Bizwire) — South Korea’s professional baseball league, the KBO, is experiencing a historic surge in popularity, breaking attendance records at an unprecedented pace. On June 3, the league surpassed 5 million spectators, reaching the milestone in the fewest games played in its history. The explosive turnout is driven largely by the [...]
SEOUL, June 4 (Korea Bizwire) — South Korea’s banking industry is calling on the incoming administration to open the door for greater involvement in the digital asset space and non-financial sectors, while also seeking regulatory reforms in investment advisory services, trust systems, and enforcement transparency. According to banking officials on June 3, the Korea Federation [...]
SEOUL, June 4 (Korea Bizwire) — Lee Jae-myung’s path to the presidency has been anything but conventional. Bruised by political defeat, dogged by legal battles, and shaped by a lifetime of adversity, the 61-year-old politician now stands at the pinnacle of South Korean politics — a figure both divisive and unwavering. In a political landscape defined [...]
TEL AVIV, Israel, June 03, 2025 (Korea Bizwire) – Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) (“Teva”) announced today the pricing and early acceptance results of its previously announced tender offers (the “Offers”) to purchase for cash the outstanding notes issued by finance subsidiaries of Teva and guaranteed by Teva of the series described [...]
Targets 41% Revenue Growth, 30% Profit Growth, and a Q3 2025 IPO of Its Capital Markets Subsidiary KUALA LUMPUR, Malaysia, June 03, 2025 (Korea Bizwire) – VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital [...]
SEOUL, June 3 (Korea Bizwire) — As South Korea’s tech sector transitions from digital transformation (DX) to what many now call “AI transformation” (AX), major system integration (SI) companies are rapidly deploying generative AI across their development operations—redefining the core of enterprise software engineering. Leading the charge is LG CNS, which recently upgraded its AI coding [...]
SEOUL, June 3 (Korea Bizwire) — A major multi-institutional study in South Korea has found that one in four patients who suffer an initial stroke dies within five years, while approximately one in six experiences a recurrence of the condition during the same period. The findings, released Monday, come from the Korea Stroke Cohort for Functioning [...]
SEOUL, June 3 (Korea Bizwire) — South Korea’s leading pharmaceutical and biotech companies are increasingly shifting toward direct sales operations in overseas markets, betting that bypassing local distributors will yield greater long-term profits and stronger control over pricing and marketing. Industry leader Celltrion has recently expanded its direct sales footprint in Europe, transitioning its Spanish operations [...]
SEOUL, June 3 (Korea Bizwire) — Luxury fashion house Chanel has raised prices on several of its best-selling handbags and jewelry items in South Korea by up to 10%, marking its third price hike this year and further straining consumers, especially brides-to-be preparing for weddings. Chanel Korea implemented the increases on Monday, raising prices on signature [...]