SEOUL, June 4 (Korea Bizwire) — The Seoul Metropolitan Council is advancing a new ordinance that prioritizes children’s right to play over noise complaints related to playground activities, aiming to safeguard childhood development while mediating community concerns. On June 3, Councilmember Yoon Young-hee of the People Power Party introduced an amendment to the “Seoul Ordinance [...]
SEOUL, June 4 (Korea Bizwire) — South Korea’s banking industry is calling on the incoming administration to open the door for greater involvement in the digital asset space and non-financial sectors, while also seeking regulatory reforms in investment advisory services, trust systems, and enforcement transparency. According to banking officials on June 3, the Korea Federation [...]
SEOUL, June 4 (Korea Bizwire) — Lee Jae-myung’s path to the presidency has been anything but conventional. Bruised by political defeat, dogged by legal battles, and shaped by a lifetime of adversity, the 61-year-old politician now stands at the pinnacle of South Korean politics — a figure both divisive and unwavering. In a political landscape defined [...]
SEOUL, June 3 (Korea Bizwire) — As South Korea’s tech sector transitions from digital transformation (DX) to what many now call “AI transformation” (AX), major system integration (SI) companies are rapidly deploying generative AI across their development operations—redefining the core of enterprise software engineering. Leading the charge is LG CNS, which recently upgraded its AI coding [...]
SEOUL, June 3 (Korea Bizwire) — A major multi-institutional study in South Korea has found that one in four patients who suffer an initial stroke dies within five years, while approximately one in six experiences a recurrence of the condition during the same period. The findings, released Monday, come from the Korea Stroke Cohort for Functioning [...]
SEOUL, June 3 (Korea Bizwire) — South Korea’s leading pharmaceutical and biotech companies are increasingly shifting toward direct sales operations in overseas markets, betting that bypassing local distributors will yield greater long-term profits and stronger control over pricing and marketing. Industry leader Celltrion has recently expanded its direct sales footprint in Europe, transitioning its Spanish operations [...]
SEOUL, June 3 (Korea Bizwire) — Luxury fashion house Chanel has raised prices on several of its best-selling handbags and jewelry items in South Korea by up to 10%, marking its third price hike this year and further straining consumers, especially brides-to-be preparing for weddings. Chanel Korea implemented the increases on Monday, raising prices on signature [...]
SEOUL, June 3 (Korea Bizwire) — As South Korea gears up for its pivotal presidential election on June 3, a colorful array of unconventional polling stations across the country has captured public attention—ranging from wrestling gyms to pizza shops and even wedding halls. While official election law typically designates schools, community centers, and other public [...]
SEOUL, June 3 (Korea Bizwire) — Faced with a decline in group tour bookings, South Korea’s travel industry is doubling down on ultra-premium travel packages—some costing tens of millions of won—in a bid to attract high-end travelers and shore up profitability. Major agencies such as Lotte Tour Development, Hana Tour, and Modetour are expanding their [...]
JEJU, June 2 (Korea Bizwire) — South Korea has reported its first confirmed case of Zika virus infection this year, health officials announced Monday, after a patient tested positive following travel to Southeast Asia. According to the Jeju provincial government, a man in his 40s—identified only as Mr. A—was diagnosed with Zika virus on May [...]