SEOUL, Dec. 8 (Korea Bizwire) — Coupang, South Korea’s largest e-commerce platform, is experiencing a significant drop in user traffic following a major personal data breach that triggered widespread consumer anxiety and scrutiny, new industry data shows. According to Mobile Index, a data analytics platform owned by IGAWorks, Coupang’s daily active users (DAU) stood at 16.18 [...]
SEOUL, Dec. 8 (Korea Bizwire) — A nationwide charity running campaign jointly organized by KakaoPay and singer Sean has concluded with record participation, underscoring the rapid rise of digital philanthropy and community fundraising in South Korea. The “2025 Long Run” campaign — designed as an online and offline donation marathon — drew a combined 265,000 participants, [...]
SEOUL, Dec. 8 (Korea Bizwire) — Shares of South Korea’s two largest memory chipmakers rose sharply on Monday amid mounting expectations for robust fourth-quarter earnings, reflecting renewed investor confidence in the artificial intelligence–driven semiconductor cycle. SK hynix closed 6.07 percent higher at 577,000 won on the Korea Exchange, recovering the 570,000-won level for the first time [...]
SEOUL, Dec. 8 (Korea Bizwire) — South Korea is quietly becoming more diverse. New census data released by the Ministry of Statistics and Data show that people with a migration background accounted for more than 5 percent of the country’s population in 2024 — a modest but meaningful increase in a nation long assumed to be [...]
SEOUL, Dec. 8 (Korea Bizwire) — South Korean police have reassigned an investigator specializing in medical crimes to reexamine allegations that resident doctors at a major Seoul hospital received illicit kickbacks from pharmaceutical companies, signaling renewed scrutiny of a case long criticized for lackluster enforcement. According to officials and reporting by Yonhap News Agency, the Seoul [...]
SEOUL, Dec. 8 (Korea Bizwire) — Following the disclosure that personal information belonging to more than 30 million Coupang users had been leaked, South Korea’s leading digital platforms are moving to strengthen cybersecurity, conduct internal audits and guard against potential secondary fraud, industry officials said Sunday. Major players — including Naver, Kakao and financial platform Toss [...]
SEOUL, Dec. 8 (Korea Bizwire) — Chinese manufacturers have sustained a sweeping low-price export strategy for more than two years, intensifying competitive pressure on South Korean exporters across a range of sectors, a new study shows. According to a report released Sunday by Jih Man-soo, senior research fellow at the Korea Institute of Finance, Chinese export [...]
SEOUL, Dec. 8 (Korea Bizwire) — A series of large-scale personal data breaches at telecommunications companies and at e-commerce giant Coupang has revived concerns that South Korean firms have little incentive to purchase cyber insurance, despite growing systemic cybersecurity risks across the economy. According to a report released Sunday by the Korea Insurance Research Institute, Kwangmin [...]
SEOUL, Dec. 8 (Korea Bizwire) — South Korea unveiled new measures on Sunday to strengthen security oversight of internet-connected cameras after police uncovered a sweeping hacking scheme in which more than 120,000 IP cameras installed in homes, hospitals, spas and massage clinics were compromised and used to produce sexually exploitative material. The scheme, uncovered by the [...]
SEOUL, Dec. 7 (Korea Bizwire) — Seoul’s apartment market has slipped into a sharp slowdown following the government’s October 15 real estate policy, with transaction volume dropping steeply and demand in key Han River districts all but evaporating, government data show. According to the Ministry of Land, Infrastructure and Transport’s real transaction system, there were 2,372 [...]