SEOUL, Oct. 17 (Korea Bizwire) — The Korean Medical Association (KMA) on Thursday denounced a proposed amendment to the Medical Service Act that would allow licensed traditional medicine practitioners, or hanuisas, to use X-ray machines, calling it a “grave threat” to South Korea’s medical system. KMA President Kim Taek-woo said during a press briefing at the [...]
HONGSEONG, Oct. 16 (Korea Bizwire) — South Chungcheong Province will build an eco-friendly recycling facility in Seocheon to convert massive amounts of driftwood and debris washed down the Geum River each summer into renewable wood pellets, officials said Thursday. The new center, to be located in the Janghang National Ecological Industrial Complex, aims to establish a [...]
SEOUL, Oct. 16 (Korea Bizwire) — Apple Music is rolling out new artificial intelligence–powered features designed to enhance how listeners engage with global music — including real-time Korean-to-English lyric translation and phonetic guides for foreign-language songs. At a media briefing in Seoul on Thursday, Apple showcased updates that arrived with its latest iOS 26 release, highlighting [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korea’s main stock index soared to a record high on Thursday, buoyed by optimism over a potential trade breakthrough with the United States and strong foreign buying. The benchmark KOSPI rose 2.49 percent to close at 3,748.37, breaking both its intraday and closing records and surpassing the 3,700 mark [...]
SEOUL, Oct. 16 (Korea Bizwire) — Household lending in South Korea grew at its slowest pace in six months in September, new data showed Thursday, as tougher regulations and seasonal factors cooled borrowing amid renewed efforts to rein in housing prices and rising household debt. According to the Bank of Korea, household loans extended by banks [...]
SEOUL, Oct. 16 (Korea Bizwire) — After years entangled in one of South Korea’s most high-profile divorce battles, SK Group Chairman Chey Tae-won appears ready to turn his attention back to business. The Supreme Court on Thursday ordered a review of the massive divorce settlement previously imposed on him, easing concerns over a potential shakeup at [...]
SEOUL, Oct. 16 (Korea Bizwire) — Two of South Korea’s largest music copyright organizations are locked in a legal dispute over more than 100 billion won (about $72 million) in so-called “residual royalties” collected from YouTube — funds generated from music whose rights holders were unidentified or failed to claim payment in time. The Korea Music [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korea’s financial regulator has launched an on-site inspection into securities firms and banks accused of mis-selling a 90 billion won ($65 million) investment product that collapsed entirely, marking the first major consumer protection probe under the leadership of newly appointed Financial Supervisory Service (FSS) Governor Lee Chan-jin. The FSS [...]
SEOUL, Oct. 16 (Korea Bizwire) — Despite six years under South Korea’s workplace bullying ban, nearly one in three employees who experience or witness such abuse choose not to report it, often fearing retaliation or reputational harm, a new government survey shows. According to data obtained by Rep. Kim Wi-sang of the People Power Party from [...]
DAEGU, Oct. 16 (Korea Bizwire) — The recent killing of a South Korean college student from Yecheon, North Gyeongsang Province, in Cambodia has shed new light on how young Koreans are being lured overseas by criminal networks with false promises of easy money, court records show. A Daegu District Court ruling issued in May detailed the [...]