SEOUL, Oct. 16 (Korea Bizwire) — South Korean police say recent criminal investigations have exposed a growing use of virtual assets to launder the proceeds of large-scale frauds, reigniting debate over the need for stronger oversight as authorities and industry consider expanding the use of digital currencies, including won-pegged stablecoins. The Ulsan Police Agency disclosed [...]
SEOUL, Oct. 15 (Korea Bizwire) — LG Electronics’ laptop brand Gram has been named the best notebook of the year by Consumer Reports, beating out models from Apple and Samsung in a comprehensive evaluation of 154 devices sold in the U.S. market. According to rankings released Wednesday, the LG Gram Pro 2-in-1 — marketed in [...]
SEOUL, Oct. 15 (Korea Bizwire) — Samsung Electronics on Wednesday marked White Cane Safety Day by unveiling an artificial intelligence–based user manual designed to help visually impaired and low-vision users operate home appliances more easily. The new guide, titled “Manual for All,” was developed in collaboration with TUAT, a startup specializing in visual-assistance technology that was [...]
SEOUL, Oct. 15 (Korea Bizwire) — When Korean American singer-songwriter Ejae first heard her voice soar through theaters in Netflix’s animated blockbuster KPop Demon Hunters, she didn’t imagine the soundtrack would take over the world. But two months later, her song “Golden” had done the impossible — topping both the U.S. Billboard Hot 100 and the [...]
JEJU, Oct. 15 (Korea Bizwire) — Jeju Island will host an eco-themed camping and cooking festival powered entirely by renewable energy from local wind farms, as part of efforts to promote carbon neutrality and sustainable living. The two-day RE100 Camping & Cook Festa will take place on October 18–19 at the Dongbok and Bukchon wind power [...]
SEOUL, Oct. 15 (Korea Bizwire) — Global asset manager Franklin Templeton has identified South Korea as one of the key drivers of the global emerging market rally this year, highlighting its diversified industrial base and robust stock market performance. In a report released Tuesday, the firm noted that emerging market equities have surged more than 28 [...]
SEOUL, Oct. 15 (Korea Bizwire) — Samsung Asset Management said Tuesday that its KODEX Robot Active exchange-traded fund (ETF) has surpassed 200 billion won ($145 million) in net assets, underscoring surging investor enthusiasm for the nation’s robotics sector amid rapid advances in artificial intelligence. As of October 14, the fund’s net asset value stood at [...]
SEOUL, Oct. 15 (Korea Bizwire) — South Korea’s central bank and financial regulator have received below-average marks for their response to the climate crisis, ranking in the lower tier among ASEAN+3 economies, according to a new international assessment. The report by Positive Money, a U.K.-based think tank, evaluated 13 countries in the ASEAN+3 group — comprising [...]
SEOUL, Oct. 15 (Korea Bizwire) — South Korea’s National Pension Service (NPS) said it will begin enforcing stricter “responsible investment” standards on private equity and other alternative investments, following heavy criticism over massive potential losses linked to the troubled retailer Homeplus. The decision, announced by the Ministry of Health and Welfare during a parliamentary audit on [...]
SEOUL, Oct. 15 (Korea Bizwire) — The South Korean government has moved to dismantle decades-old billing practices between clinics and diagnostic laboratories, a reform it says is essential to restoring transparency and safeguarding patient safety. But the medical community is pushing back, calling the measure hasty and detached from on-the-ground realities. The Ministry of Health and [...]