SEOUL, May 24 (Korea Bizwire) — South Korea will intensify global cooperation to better regulate the crypto asset market amid growing worries over excessive volatility demonstrated in the recent collapse of TerraUSD and Luna cryptocurrencies, a senior government official said Tuesday. The crash of TerraUSD, known as a “stablecoin,” and its sister coin Luna caused [...]
SEOUL, May 24 (Korea Bizwire) — About half of the Korean households that have concerns, worries, and conflicts pointed to the health of family members as the biggest cause of conflict, a survey showed Monday. According to a survey conducted jointly by the Korea Institute for Health and Social Affairs and Seoul National University of [...]
SEOUL, May 23 (Korea Bizwire) — The number of metaverse platform users has plunged after the easing of COVID-19 social distancing measures, putting the brake on the metaverse fever in South Korea, data showed Sunday. The number of weekly active users (WAU) for the metaverse application Roblox over the past week (May 9 to 15) [...]
WASHINGTON, May 21 (Korea Bizwire) — U.S. President Joe Biden’s trip to South Korea for early summit talks with his new counterpart reflects Washington’s focus back on the region in its national security strategy and hope for Seoul’s greater role in pending challenges, including North Korean threats and the raging war in Ukraine, experts here [...]
SEOUL, May 21 (Korea Bizwire) — South Korea on Friday denied a Japanese media report claiming the Seoul government agreed to Tokyo’s plan to release radioactive water into the ocean from the crippled Fukushima nuclear power plant. Earlier this week, a Japanese news agency reported that the new Yoon Suk-yeol government appears to be planning [...]
SEOUL, May 19 (Korea Bizwire) — South Korean chemical company SK Chemicals Co. said Wednesday it had established a business platform for a recycled plastic circulation ecosystem connecting producers, partners and brands online. The platform, dubbed “Eeum,” provides experience in recycling materials and artificial intelligence (AI)-based digital marketing channel services to plastic industry insiders and [...]
SEOUL, May 18 (Korea Bizwire) — The shocking implosion of the TerraUSD and Luna cryptocurrencies threw many young investors into a panic, some of them saying their entire assets were blown up or even leaving suicidal messages. In a crash starting a week earlier, the once bullish TerraUSD and sister coin Luna had lost almost [...]
SEOUL, May 17 (Korea Bizwire) – While fewer people now think that COVID-19 poses a risk to individuals and society, lifting the outdoor mask mandate is still seen as an premature decision, a poll showed Monday. A research team led by Prof. Yoo Myung-soon of Seoul National University’s graduate school of public health conducted a [...]
SEOUL, May 17 (Korea Bizwire) — The so-called ‘anger disorder’ is caused not only by personal or family factors including home chores or marital conflict, but also by structural factors like unfair treatment or gender discrimination, a study showed Monday. ‘Anger disorder’ refers to a chronic explosive disorder that is caused by accumulated negative emotions [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s new COVID-19 cases fell to their lowest tally in nearly four months Monday amid a slowing virus trend giving a boost to efforts for a return to normalcy. The country reported 13,296 new COVID-19 infections, including 28 from overseas, bringing the total caseload to 17,795,357, the Korea [...]