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) — 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. 5 (Korea Bizwire) — South Korea has moved to close a long-criticized legal loophole that allowed parents who abandoned or failed to care for their children to later claim financial benefits after the child’s death. The National Assembly has passed an amendment to the National Pension Act that blocks such parents from receiving survivor [...]
SEOUL, Dec. 1 (Korea Bizwire) — Tesla is accelerating its push into South Korea, leveraging lower-cost China-made vehicles and a new supervised version of its Full Self-Driving system to rapidly expand its presence in one of the world’s most competitive electric-vehicle markets. Tesla Korea sold 47,941 vehicles from January through October, up 61.1 percent from a [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korea has created an interministerial task force to spearhead the development of an advanced aircraft engine for its next-generation fighter jets, an effort aimed at joining the small group of nations capable of producing such high-end defense technology, government officials said on Friday. The new body brings together [...]
SEOUL, Nov. 27 (Korea Bizwire) — A public petition opposing a potential ban on South Korea’s popular dawn delivery services surpassed 25,000 signatures on Thursday, one day before a government-labor-industry dialogue committee is set to meet for a third round of discussions on the issue. The petition, filed by a self-described working mother, argues that overnight [...]
SEOUL, Nov. 26 (Korea Bizwire) — A new analysis of online reactions to Netflix’s animated film K-Pop Demon Hunters has identified music and Korean cultural identity as the two central forces behind the film’s worldwide success. The study, released Wednesday by the Korea Broadcast Advertising Corporation (KOBACO), was conducted by media researcher Baek Hyun-mi of Korea [...]
SEOUL, Nov. 26 (Korea Bizwire) — SK hynix, one of the world’s leading makers of high-bandwidth memory chips, has decided that the path to public affection might just run through the snack aisle. On Wednesday, the company announced a collaboration with convenience-store giant 7-Eleven to release what may be the most literal tech-themed treat yet: an [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korea’s birth figures ticked upward again in September, marking the fifteenth straight month of increase—a rare run of positive news for a country long synonymous with demographic freefall. According to government data released Wednesday, 22,369 babies were born in September, an 8.6-percent rise from a year earlier and the [...]
SEOUL, Nov. 25 (Korea Bizwire) — South Korea’s Supreme Court has ruled for the first time that a person can be criminally punished for possessing or transferring a package they believe contains illegal drugs, even if the package in fact contains no narcotics. The decision broadens the scope of liability under the country’s narcotics laws and [...]