SEOUL, Dec. 4 (Korea Bizwire) — The fallout from Coupang Inc.’s massive data breach is beginning to hit small businesses that depend heavily on the platform, with some vendors reporting sharp declines in sales and mounting anxiety about long-term damage, industry officials said Thursday. Last week, the U.S.-listed e-commerce giant disclosed that the personal information of [...]
SEOUL, Dec. 4 (Korea Bizwire) — Samsung Electronics Co. on Thursday hinted at a new Exynos application processor (AP) widely expected to power the upcoming flagship Galaxy S26 smartphone. The South Korean tech giant uploaded a clip titled “The next Exynos” on YouTube, featuring the Exynos 2600. Exynos is the company’s proprietary mobile chipset. APs, [...]
SEOUL, Dec. 4 (Korea Bizwire) — The National Palace Museum of Korea will build its first branch in Hwaseong, Gyeonggi Province, with completion targeted for 2030, to showcase royal heritage from the Joseon Dynasty and the Korean Empire, officials said Thursday. The museum said it will sign a memorandum of understanding at Hwaseong City Hall [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korea’s unification minister publicly criticized the United Nations Command (UNC) on Wednesday, revealing that it had recently barred a senior presidential security aide from entering the Demilitarized Zone (DMZ), reviving long-standing tensions over the scope of the UNC’s authority. Speaking at a National Assembly hearing on legislation to expand [...]
SEOUL, Dec. 4 (Korea Bizwire) — A major apartment complex in eastern Seoul is facing mounting criticism after unilaterally banning nonresidents from nearly all areas of its property and warning of fines of up to 200,000 won (about $150) for violations. According to the real estate industry on Wednesday, the management of Godeok Arteon, a [...]
SEOUL, Dec. 4 (Korea Bizwire) — Global electric-vehicle registrations topped 17 million in the first ten months of 2025, rising 25.5 percent from a year earlier despite widening divergences in regional demand and policy environments, according to new data released Wednesday by market research firm SNE Research. Worldwide EV sales — including plug-in hybrids — reached [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korea’s stock market has endured a stretch of whiplash in recent weeks, but low-volatility and high-dividend investment products have emerged as rare winners amid the turbulence. According to data released Wednesday by the Korea Exchange, the TIGER Low Volatility ETF rose 7.1 percent from Nov. 3 to Dec. [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korea has abolished the statute of limitations for sexual violence committed by family members against children and adolescents, a sweeping legal reform aimed at strengthening protections for young victims and increasing accountability for offenders. The Ministry of Gender Equality and Family said Wednesday that the National Assembly passed revisions [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korea’s major business lobby warned that companies may face nearly 27 trillion won (US$20.4 billion) in carbon-credit purchasing costs over the next five years under the government’s newly announced emissions trading allocation plan. The climate ministry swiftly rejected the estimate, calling it an exaggerated projection based on flawed assumptions. [...]
SEOUL, Dec. 4 (Korea Bizwire) — Amid heightened foreign-exchange volatility this year, South Korea’s major banks have taken markedly different approaches to managing currency risk, newly released filings show. According to third-quarter disclosures from the country’s four largest lenders — KB Kookmin, Shinhan, Hana and Woori — all maintained “long” positions in foreign currency, meaning they [...]