SEOUL, Oct. 11 (Korea Bizwire) – Chinese scalpers are illegally acquiring Korean user account information to purchase tickets for hard-to-book events and concerts in South Korea, potentially reaping significant profits from reselling them on the black market, according to a South Korean lawmaker. The allegations, raised during a parliamentary audit on October 10, has sparked criticism [...]
SEOUL, Oct. 10 (Korea Bizwire) – A group of 24 Mercedes-Benz electric vehicle owners, including the owner of an EQE model that caught fire in an underground parking lot in Incheon last August, have filed a class-action lawsuit against the German automaker and its affiliates. The lawsuit, announced on October 10 at a press conference in [...]
SEOUL, Oct. 10 (Korea Bizwire) — LG Electronics Inc. on Thursday announced its vision to reach 10 trillion won (US$7.4 billion) in sales from its business-to-business (B2B) solutions division by 2030 as part of the company’s strategy to diversify its business portfolio. “With 66 years of experience in serving customers and understanding spaces, we aim [...]
SEOUL, Oct. 10 (Korea Bizwire) – Samsung C&T, a major player in South Korea’s construction industry, announced on October 9 the launch of its new building platform, Bynd, marking a significant step in the company’s expansion into digital space innovation. The platform integrates various services essential for commercial buildings, leveraging cutting-edge technologies such as generative artificial [...]
SEOUL, Oct. 9 (Korea Bizwire) – South Korean consumers are grappling with inconvenient cancellation processes and limited refund policies in the country’s burgeoning video streaming market, according to a recent government investigation. The Korea Consumer Agency and Democratic Party lawmaker Min Byoung-dug released findings on October 8 from their joint study of six major streaming providers, including [...]
SEOUL, Oct. 9 (Korea Bizwire) – A new study from South Korea has uncovered a disturbing link between diabetes, economic hardship, and suicide risk, highlighting the urgent need for social attention and practical support for vulnerable patients. The Korean Diabetes Association (KDA) reported on October 8 that low-income individuals with diabetes face a suicide risk 4.34 times [...]
SEOUL, Oct. 7 (Korea Bizwire) – In an era of rapid technological advancement, South Korean medical professionals are increasingly turning to digital therapeutics and so-called “electronic medicine” to treat and manage various health conditions without traditional pharmaceuticals. Last month, Dr. Kang Dong-wha, a neurologist at Seoul Asan Hospital, prescribed a digital therapeutic device called VIVID Brain to [...]
SEOUL, Oct. 7 (Korea Bizwire) – In a significant shift within South Korea’s tech landscape, companies from industry giants to small startups are increasingly launching paid artificial intelligence (AI) services, signaling a new phase in the commercialization of AI technology. Naver Cloud, a subsidiary of South Korea’s leading IT company Naver, recently introduced Papago Plus, a premium [...]
SEOUL, Oct. 7 (Korea Bizwire) — The crime action film “I, the Executioner” dominated the local box office for the fourth consecutive week, reaching a cumulative audience of 7 million, data showed Monday. The movie, the sequel to the 2015 hit “Veteran,” drew over 226,000 viewers from Friday to Sunday, accounting for 29.2 percent of [...]
SEOUL, Oct. 6 (Korea Bizwire) – Over 60 percent of South Korea’s automotive exports throughout most of 2024 have been shipped to North America, industry data showed Sunday, raising calls for companies to consider more balanced global export strategies. According to industry data, exports of the five automotive firms with manufacturing bases in South Korea [...]