SEOUL, July 8 (Korea Bizwire) — When selecting digital health applications, Korean users—including doctors, chronic disease patients, and the general public—prioritize cybersecurity and personal data protection over therapeutic effectiveness, according to a new study released by Yonsei University’s Severance Hospital. The research, led by Professor Shin Jae-yong of the Department of Preventive Medicine at Yonsei [...]
SEJONG, July 7 (Korea Bizwire) — South Korea’s latest euro-denominated foreign exchange stabilization bond (FESB) offering in London has garnered record-breaking demand, signaling strong global investor confidence in the country’s fiscal and economic outlook under its newly inaugurated administration. According to the Ministry of Economy and Finance, the €1.4 billion issuance on June 26 attracted [...]
SEOUL, July 7 (Korea Bizwire) — South Korea’s major conglomerates are scrambling to respond after the National Assembly passed sweeping amendments to the Commercial Act championed by President Lee Jae-myung’s administration. The reform, more aggressive than the version previously vetoed by former President Yoon Suk-yeol, introduces expanded shareholder rights and tighter oversight of corporate boards. At [...]
SEOUL, July 7 (Korea Bizwire) — Seoul is preparing to reintroduce trams to its streets for the first time in nearly six decades, as construction on the Wirye Line, the city’s first modern tram project, approaches completion. According to the Seoul Metropolitan Government, the Wirye tram line is scheduled to open in September 2026, with [...]
SEOUL, July 7 (Korea Bizwire) — Korean restaurants that adopt smart technologies such as delivery apps, kiosks, and table-order systems significantly outperform those that do not, according to a new study by the Korea Foodservice Industry Research Institute. The survey found that restaurant owners using smart tools reported an average monthly revenue of ₩30.86 million and [...]
SEOUL, July 7 (Korea Bizwire) — As digital users increasingly demand more dynamic and personalized online experiences, major platform companies are reshaping the traditional search engine model with artificial intelligence and tailored content delivery. Naver, South Korea’s leading portal, is currently running A/B tests on its mobile platform to provide customized search results based on user [...]
SEOUL, July 7 (Korea Bizwire) — Hyundai Motor and Kia have sold more than 200,000 small cars in Europe in just the first five months of 2025, a milestone that underscores the growing appeal of compact, fuel-efficient vehicles in one of the world’s most urbanized and eco-conscious markets. According to figures released Sunday by the [...]
SEOUL, July 7 (Korea Bizwire) — In the wake of a major cyberattack, SK Telecom has announced it will waive early termination fees for customers who switch mobile carriers—a move that has prompted fierce and controversial marketing tactics from its rivals. On July 4, SK Telecom said it would exempt termination penalties for customers who [...]
SEOUL, July 7 (Korea Bizwire) — South Korea’s Ministry of Health and Welfare announced Saturday that 60 additional in-home long-term care medical centers have been designated nationwide, bringing the total number to 195 just two and a half years after the initiative began. Launched in December 2022 with 28 sites, the program enables elderly individuals with [...]
INCHEON, July 6 (Korea Bizwire) — Incheon International Airport has been recognized as having the world’s best airport staff by global aviation consultancy Skytrax, topping more than 570 airports in its annual World Airport Awards. Skytrax’s rankings, based on passenger surveys conducted across more than 100 countries between August 2024 and February 2025, evaluated the service [...]