SEOUL, Dec. 8 (Korea Bizwire) — South Korea unveiled new measures on Sunday to strengthen security oversight of internet-connected cameras after police uncovered a sweeping hacking scheme in which more than 120,000 IP cameras installed in homes, hospitals, spas and massage clinics were compromised and used to produce sexually exploitative material. The scheme, uncovered by the [...]
SEOUL, Dec. 7 (Korea Bizwire) — Seoul’s apartment market has slipped into a sharp slowdown following the government’s October 15 real estate policy, with transaction volume dropping steeply and demand in key Han River districts all but evaporating, government data show. According to the Ministry of Land, Infrastructure and Transport’s real transaction system, there were 2,372 [...]
SEOUL, Dec. 6 (Korea Bizwire) — Both the United States and China have quietly omitted references to the “denuclearization of the Korean Peninsula” from major national security documents released in recent weeks, raising speculation over whether the two most influential actors in nuclear diplomacy with Pyongyang are recalibrating their approach. The omission in Washington was notable. [...]
SEOUL, Dec. 6 (Korea Bizwire) — A sweeping shift in American national security priorities — from reasserting influence in the Western Hemisphere to elevating Taiwan’s defense and omitting North Korea’s denuclearization — is prompting fresh debate in Seoul over what the changes signal for South Korea’s security role in Asia. The White House on Thursday [...]
SEOUL, Dec. 5 (Korea Bizwire) — Samsung Electronics Co. solidified its top position in the global foldable smartphone market in the third quarter, industry data showed Saturday. Samsung accounted for 64 percent of all global shipments of foldable smartphones in the July-September period, up 8 percentage points from a year ago, according to a report [...]
SEOUL, Dec. 5 (Korea Bizwire) — Woori Bank has begun displaying Bitcoin price data alongside exchange rates and stock indexes on the electronic board inside its main dealing room in central Seoul, the bank said Friday — a first among South Korea’s commercial banks and a notable sign of the industry’s growing embrace of digital assets. [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea has moved to close a long-criticized legal loophole that allowed parents who abandoned or failed to care for their children to later claim financial benefits after the child’s death. The National Assembly has passed an amendment to the National Pension Act that blocks such parents from receiving survivor [...]
BUSAN, Dec. 5 (Korea Bizwire) — More than half of Busan residents say they feel heavily burdened by their children’s education expenses, which now average 860,000 won (about $660) per month, according to the city’s latest annual social survey. The 2025 Busan Social Survey, released Friday and based on responses from 31,774 residents, paints a detailed [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea’s household wealth gap widened last year, driven largely by sharp gains in real estate values, according to a nationwide financial welfare survey released on Thursday by the Bank of Korea, the National Data Policy Office, and the Financial Supervisory Service. As of March 2025, the average household’s net [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korean e-commerce giant Coupang is facing intensifying scrutiny after a major data leak revealed that significant portions of its Korean-language service were built and maintained by foreign developers, including sizable teams based in China. The primary suspect in the breach is a former Chinese employee who worked on the [...]