SEOUL, July 13 (Korea Bizwire) — Short-selling positions in South Korea’s stock markets have surged to their highest levels since the full resumption of short-selling in March, signaling a rise in bearish bets even as local equities continue a months-long rally. According to data released Saturday by the Korea Exchange, net short interest in the [...]
PARIS, July 13 (Korea Bizwire) — For generations, Mount Kumgang — or “Diamond Mountain” — has captivated the Korean imagination. Its jagged peaks, mist-covered valleys, and shimmering pools have inspired artists, poets, monks, and pilgrims alike. Now, this iconic landscape has earned a new distinction: a place on the UNESCO World Heritage list. At its 47th [...]
SEOUL, July 13 (Korea Bizwire) — President Lee Jae-myung on Sunday delivered a sweeping appeal to link economic equity with democratic resilience, warning that without tangible improvements to people’s lives, democracy could fall prey to authoritarian forces cloaked in the guise of economic growth. Speaking at the opening ceremony of the World Congress of Political [...]
SEOUL, July 13 (Korea Bizwire) — On a recent vacation to Bali, Lee, a South Korean office worker in her 30s, noticed a peculiar trend on the beach: whenever she heard Korean being spoken, it was invariably by someone clad in a long-sleeved rash guard. “You could almost identify a Korean by whether they were [...]
CHUNCHEON, July 12 (Korea Bizwire) — A South Korean court has ruled in favor of Legoland Korea in a defamation lawsuit against cultural heritage activists who publicly accused the theme park of destroying historical sites and labeled it a “land of immorality.” The Chuncheon District Court on Friday ordered three leaders of separate cultural preservation [...]
SEOUL, July 12 (Korea Bizwire) — South Korea’s young population is facing a looming retirement crisis due to alarmingly low enrollment in the national pension system, according to a new report from the National Pension Research Institute, released Friday. The report, titled “Strategies to Expand National Pension Coverage for Young Adults,” highlights a combination of [...]
JEJU, July 12 (Korea Bizwire) — Amid growing frustration over unruly behavior by some foreign tourists in Jeju, a group of elementary school students has stepped forward with a policy proposal aimed at restoring public order and protecting the island’s reputation. The students, all fourth graders at Pyoseon Elementary School, an International Baccalaureate (IB) program, [...]
OSAKA, July 12 (Korea Bizwire) — At the ongoing Osaka–Kansai Expo, Naver Cloud’s exhibition on AI caregiving technology is drawing strong interest from Japanese visitors, particularly seniors seeking support tools for aging family members. A standout attraction is “Clova CareCall,” an AI-powered phone service that checks in on elderly individuals living alone. More than just [...]
SEOUL, July 11 (Korea Bizwire) — South Korean artist Kimsooja was named an Officer of the French Order of Arts and Letters, the second-highest of the European country’s three-tier honor. The artist received the award at the French ambassador’s residence in Seoul on Wednesday, recognizing her contributions to cultural exchange and relations between South Korea [...]
SEOUL, July 11 (Korea Bizwire) — K-pop star G-Dragon has canceled an upcoming concert in Thailand, citing concerns over fan safety due to extreme heat, his agency said Friday. The concert was scheduled to be held Aug. 2 at Rajamangala National Stadium in Bangkok as part of his “Ubermensch” world tour. Galaxy Corporation, the artist’s [...]