SEOUL, May 21 (Korea Bizwire) — A countless number of investors in two main tokens of Terraform Labs have lost their life savings due to a deceitful algorithm created by Do Kwon, the embattled cryptocurrency firm’s co-founder and CEO, a lawyer representing the investors claimed Friday. In an unprecedented black swan event, TerraUSD, a so-called [...]
SEOUL, May 20 (Korea Bizwire) — President Yoon Suk-yeol and U.S. President Joe Biden toured a Samsung Electronics chip plant together on Friday, demonstrating their commitment to expanding the alliance between the two countries beyond the security sphere to global supply chains and other key areas. The two met at the facility in Pyeongtaek, 70 [...]
SEOUL, May 20 (Korea Bizwire) — The state human rights watchdog on Thursday ruled that a dating app policy that only allows men from certain schools or occupations to join the app fails to amount to an act of discrimination. The National Human Rights Commission announced that it had turned down the complaint that it [...]
SEOUL, May 20 (Korea Bizwire) — The Central Disease Control Headquarters said Thursday it will develop a big data platform for COVID-19 by December of this year. The headquarters aims to create a big data platform that connects a variety of data related to the coronavirus that is scattered throughout multiple systems and use it [...]
SEOUL, May 20 (Korea Bizwire) — The government will extend the current seven-day quarantine mandate for COVID-19 patients for four more weeks until June 20, Interior Minister Lee Sang-min said Friday. The current level of the virus spread is within the country’s capacity to manage, but infection concerns still linger, such as new virus variants [...]
SEOUL, May 20 (Korea Bizwire) — Prosecutors are looking into whether to bring Ponzi fraud charges against CEO Do Kwon of Terraform Labs, sources said Friday, a day after investors sued him over the shocking crash of the firm’s two cryptocurrencies. In a crash starting last week, Terraform’s two main tokens, TerraUSD and sister coin [...]
SEOUL, May 20 (Korea Bizwire) — The Seoul Metropolitan Fire and Disaster Headquarters said Thursday it will establish a disaster response digital platform using big data and artificial intelligence (AI) technologies. The new platform will be responsible for integrated management of the headquarters’ administrative information, while providing a digital information service for emergency rescue and [...]
SEOUL, May 19 (Korea Bizwire) — South Korea’s new COVID-19 cases fell to around 28,000 on Thursday, continuing the modest decline as the omicron spread has been slowing for weeks. The country added 28,130 new COVID-19 infections, including 15 cases from overseas, bringing the total caseload to 17,889,849, the Korea Disease Control and Prevention Agency [...]
SEOUL, May 19 (Korea Bizwire) — More than eight out of 10 people who reported sexual harassment at the workplace said they suffered from some form of retaliation, a civic group reported Thursday. Gapjil 119, which campaigns against workplace abuses, announced its analysis of the 205 reports it received from abuse victims between January 2021 [...]
SUWON, May 19 (Korea Bizwire) — Most senior citizens in South Korea want to continue working until the age of 71, a recent survey showed. The Gyeonggi Research Institute conducted a nationwide survey of 500 employed seniors over 60 years of age, 97.6 percent of whom wanted to continue working. Among them, 46.3 percent wanted [...]