SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s three major telecom operators have unveiled multibillion-won cybersecurity investment plans in the wake of April’s high-profile SK Telecom hack. Yet experts caution that the spending may amount to little more than after-the-fact remedies, failing to address deeper systemic weaknesses. SK Telecom, KT, and LG Uplus each announced [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea is facing intensifying “agflation,” as surging agricultural prices add new pressure to household costs and expose deep structural weaknesses in the nation’s farming and distribution systems. Consumer prices for agricultural, livestock and fisheries products jumped 4.8 percent in August from a year earlier, the sharpest increase in [...]
SEOUL, Sept. 16 (Korea Bizwire) — Nearly one in six foreign graduates who stayed in South Korea after studying have faced workplace difficulties, including conflicts with Korean colleagues or wage disputes, according to a government-funded study released Sunday. The Korea Immigration Service Institute found that 16.4 percent of foreign residents who previously studied in Korea [...]
SEOUL, Sept. 16 (Korea Bizwire) — A string of attempted child abductions in recent weeks has triggered a surge in demand for self-defense products among South Korean parents, with online marketplaces reporting sharp increases in sales. According to e-commerce platform 11st, purchases of key personal safety items between September 2 and 11 jumped 2.5 times compared [...]
SEOUL, Sept. 16 (Korea Bizwire) — A central plank of Google’s lobbying campaign to secure approval for exporting South Korea’s high-precision mapping data is coming under sharp scrutiny, with experts arguing that the projected economic benefits are inflated and based on questionable assumptions. Google has cited research suggesting that if Korea allows the export of [...]
SEOUL, Sept. 15 (Korea Bizwire) — When Netflix’s animated film K-Pop Demon Hunters premiered earlier this year, few predicted that a fictional boy band would ignite a cultural wave stretching from Seoul to New York. Yet the Saja Boys — a group of grim-reaper–inspired idols who appear in the film — have quickly leapt from [...]
SEOUL, Sept. 15 (Korea Bizwire) — When South Korea announced its latest housing policy this month, officials were not only grappling with soaring property prices and supply shortages in the Seoul metropolitan area. They were also contending with a tiny, nocturnal amphibian with outsized influence: the Mongkoi. The Mongkoi (also known as narrow-mouth frog), listed [...]
SEOUL, Sept. 15 (Korea Bizwire) — Some of the fashion labels that once defined the wardrobes of South Korea’s Y2K generation are staging a comeback, blending heritage with contemporary appeal to reach both nostalgic older shoppers and trend-conscious younger consumers. Reebok has reintroduced its classic “Club C 85” sneakers in a limited-edition model marking the [...]
GYEONGJU, South Korea, Sept. 15 (Korea Bizwire) — In just six weeks, the historic city of Gyeongju will be transformed into a fortress. When world leaders converge here for the Asia-Pacific Economic Cooperation (APEC) summit at the end of October, the streets around the conference halls and banquet sites will be sealed tight, the skies [...]
SUWON, Sept. 15 (Korea Bizwire) — More than six decades after they were arrested and branded as traitors, two former university students have won damages from the South Korean government for their wrongful detention during mass protests against the 1964 South Korea–Japan normalization talks. The Suwon District Court ruled Sunday that the state must compensate [...]