SEOUL, April 10 (Korea Bizwire) — Most Seoul residents now view 70 as the threshold of old age, and nearly 9 in 10 support extending the retirement age, according to the latest annual “Seoul Survey” released by the city government on Wednesday. The 2024 edition of the wide-ranging study, which polled 5,000 citizens, found that [...]
SEOUL, April 8 (Korea Bizwire) — SK Telecom announced Tuesday the launch of a first-of-its-kind AI-powered anomaly detection service designed to combat voice phishing by integrating telecommunications and financial data. The new service has already been applied to both IBK Industrial Bank of Korea and SKT’s own AI assistant platform, A. (A dot). The system, powered [...]
SEOUL, April 8 (Korea Bizwire) — Samsung Electronics has unveiled a major update to its Galaxy S25 series, integrating real-time visual artificial intelligence powered by multimodal capabilities. The new feature allows users to interact with AI by showing, rather than telling — a leap forward in intuitive mobile assistance. According to an announcement from Samsung’s newsroom [...]
SEOUL, April 7 (Korea Bizwire) — The explosion of short-form video content on platforms like Instagram Reels and YouTube Shorts may be fueling a surge in smartphone overdependence among young South Koreans, a new academic study has found — prompting calls for greater social and platform accountability in addressing digital addiction. According to research published [...]
SEOUL, April 6 (Korea Bizwire) — In a moment of profound constitutional gravity, South Korea’s Constitutional Court delivered a unanimous verdict to remove former President Yoon Suk Yeol from office, marking the culmination of a tumultuous political saga that has gripped the nation since late 2024. The Court’s 7,200-character decision, publicly read by acting Chief Justice [...]
SEOUL, April 6 (Korea Bizwire) — Short selling activity in South Korean amounted to 6.4 trillion won (US$4.38 billion) in the first week after a more than a yearlong ban was lifted, the bourse operator said Sunday. Last Monday, short selling was allowed for all listed firms following a suspension imposed in November 2023 after [...]
SEOUL, April 6 (Korea Bizwire) — In the aftermath of former President Yoon Suk-yeol’s impeachment earlier this year, a faction of his staunch supporters has turned against South Korea’s mainstream media, embracing conspiracy theories and fringe platforms as primary sources of information. These supporters, whose political fervor transcends traditional left-right divisions, have vilified journalists at public [...]
SEOUL, April 5 (Korea Bizwire) — The ousting of President Yoon Suk Yeol by South Korea’s Constitutional Court on April 4 has intensified political and societal divisions across the nation. The unanimous decision upheld Yoon’s impeachment over his December 2024 declaration of martial law, citing severe constitutional violations. Yoon’s attempt to deploy military forces [...]
SEOUL, April 5 (Korea Bizwire) — Hyundai Motor Co. will freeze prices of all new vehicles sold in the United States through early June, a move aimed at easing consumer concerns over rising costs following Washington’s imposing of25 percent duties on all imported vehicles, the automaker’s American subsidiary said. Hyundai Motor America (HMA) said in [...]
SEOUL, April 4 (Korea Bizwire) — The Constitutional Court’s ruling on Friday to remove President Yoon Suk Yeol from office has created the first presidential leadership vacuum in South Korea in eight years, casting fresh uncertainty over the country’s already fragile economy. While the decision resolves months of political limbo that began with the declaration of [...]