SEOUL, Nov. 12 (Korea Bizwire) — President Lee Jae-myung on Tuesday instructed his economic team to explore new tax benefits for long-term retail investors, separating them from large shareholders to encourage stable investment while avoiding controversy over tax breaks for the wealthy. During a Cabinet meeting at the presidential office in Yongsan, Lee asked Deputy Prime [...]
SEOUL, Nov. 12 (Korea Bizwire) — Morgan Stanley has sharply revised upward its outlook for South Korea’s two largest chipmakers, saying the global memory semiconductor rally is being powered by surging demand from artificial intelligence (AI) data centers and cloud providers. In a report titled “Memory: The Ultimate Pricing Power,” released Tuesday, the U.S. investment bank [...]
SEOUL, Nov. 12 (Korea Bizwire) — South Korea’s electricity demand is surging amid rapid industrial electrification and the spread of artificial intelligence (AI), raising concerns that rising power costs could weigh heavily on energy-intensive industries such as semiconductors and displays, a business report warned Tuesday. According to a study released by the Korea Chamber of Commerce [...]
SEOUL, Nov. 12 (Korea Bizwire) — South Korea is moving closer to deploying fully autonomous telecommunications networks, or Level 4 systems, capable of managing and repairing themselves without human intervention, according to a new report released Tuesday. The Information and Communication Industry Promotion Agency (NIPA) said in its latest global AI trends report that competition among [...]
Related: A Second Betrayal: Yeosu-Suncheon Victims’ Families Say Justice Has Been Stolen Again What happened and why it still looms SEOUL, Nov. 11 (Korea Bizwire) — The Yeosu–Suncheon Incident (October 1948 onward) erupted when soldiers of the 14th Regiment in Yeosu refused orders to suppress the Jeju 4·3 Uprising and instead rebelled, leading to months of brutal [...]
SUNCHEON, South Korea, Nov. 11 (Korea Bizwire) — The families of those killed in the 1948 Yeosu-Suncheon Incident say they are being wronged a second time—this time not by soldiers, but by lawyers. More than seventy-five years after their parents and grandparents were branded traitors and executed during South Korea’s turbulent birth, survivors are now accusing [...]
SEOUL, Nov. 11 (Korea Bizwire) — More than one in four South Korean households expect their financial situation to improve next year, even as a growing share of the population reports feeling lonely, according to a government survey released Tuesday. The biennial survey, conducted by the Ministry of Data and Statistics, found that 27 percent of [...]
SEOUL, Nov. 11 (Korea Bizwire) — Lee “Faker” Sang-hyeok, captain of South Korea’s T1, said his enduring passion for competition and growth keeps him motivated after leading his team to a historic third consecutive victory at the 2025 League of Legends World Championship. “I’ve always loved the game, and competing with the best players still [...]
SEOUL, Nov. 11 (Korea Bizwire) — North Korean hackers have escalated their cyberattacks to a new level of sophistication, using artificial intelligence to remotely control South Koreans’ smartphones, erase data, and even spy on users through webcams and location-tracking services, according to industry experts. Cybersecurity analysts say the regime’s hacking operations have evolved from data theft [...]
SEOUL, Nov. 11 (Korea Bizwire) — The South Korean government’s plan to reform how medical clinics are paid for lab tests has sparked strong opposition from doctors, who say the changes threaten their income and overlook the realities of clinical care. The Ministry of Health and Welfare announced Monday that it will end the decades-old practice [...]