SEOUL, April 15, (Korea Bizwire) — South Korea’s antitrust regulator has penalized a domestic game developer for deceiving players about the odds of winning in-game items, marking a rare move to regulate deceptive practices in the booming online gaming sector. The Korea Fair Trade Commission (KFTC) announced on Monday that it has imposed a corrective [...]
SEOUL, April 15, (Korea Bizwire) — In an effort to protect consumers from online shopping mishaps, the Seoul Metropolitan Government has introduced a new self-assessment service designed to help residents identify and prevent potential e-commerce risks before making purchases. The interactive service, launched through the city’s E-Commerce Center, draws on an extensive database of 7,000 [...]
POHANG, South Korea, April 15 (Korea Bizwire) — A team of South Korean scientists has developed a groundbreaking sensor capable of detecting all major variants of COVID-19 in real time, offering a significant advancement in the field of infectious disease diagnostics. The research team, led by Professors Oh Seung-soo and Woo Sung-wook of POSTECH’s Department [...]
DAEJEON, South Korea, April 15 (Korea Bizwire) — Startups founded by alumni and faculty of the Korea Advanced Institute of Science and Technology (KAIST) have emerged as a driving force in South Korea’s innovation economy, with 20 companies going public over the past four years and a combined market capitalization exceeding ₩10 trillion (approximately $7.1 billion). [...]
JEJU, April 15 (Korea Bizwire) — The South Korean government has designated two new marine protected areas off the coast of Jeju Island, including the habitat of the endangered Indo-Pacific bottlenose dolphin, in a major step toward conserving the region’s fragile marine ecosystems. The Ministry of Oceans and Fisheries officially declared on April 11 that the [...]
SEOUL, April 15 (Korea Bizwire) — South Korean tech giant Naver has kicked off a month-long campaign aimed at foreign tourists, promoting trendy destinations across the country through its map platform as part of broader efforts to compete with global rivals like Google. The “Be Local” campaign, which began Monday, targets users who set the Naver [...]
SEOUL, April 15 (Korea Bizwire) — A new musical performance at Seoul’s Jongmyo Shrine will offer audiences a rare glimpse into a royal Confucian ritual once attended by queens during Korea’s Joseon Dynasty. The Cultural Heritage Administration and the National Heritage Center announced Monday that “Myohyeon: The Queen’s Record”, an original musical, will run from April [...]
SEOUL, April 15 (Korea Bizwire) — South Korea’s high-speed rail operator SR announced Monday that its next-generation EMU-320 trains, slated for deployment in 2027, will feature the world’s first onboard automatic fire suppression system specifically designed for lithium polymer battery fires. The system, developed in collaboration with Hyundai Rotem and fire safety firm HTC, is engineered [...]
SEOUL, April 14 (Korea Bizwire) — LG Chem has suffered a legal blow in China, where its key battery patent has been invalidated amid a widening intellectual property battle with Chinese rival Longbai, escalating tensions in the global electric vehicle (EV) supply chain. According to industry sources, China’s National Intellectual Property Administration (CNIPA) recently ruled to [...]
SEOUL, April 14 (Korea Bizwire) — A growing number of young South Koreans are choosing to forgo marriage due to financial strain and evolving personal values, according to a government-backed survey released Monday. The 2nd National Population Behavior Survey, conducted in October 2024 by the Korea Population, Health and Welfare Association, revealed that 41.5% of unmarried [...]