SEOUL· SEJONG, Aug. 31 (Korea Bizwire) — AliExpress, the Chinese e-commerce platform, has been hit with a multimillion-dollar penalty in South Korea for misleading customers with inflated discount claims on thousands of products. The Fair Trade Commission (FTC) said Sunday it imposed corrective orders and fines totaling 20.93 billion won ($15.5 million) after finding that [...]
GANGNEUNG, South Korea, Aug. 31 (Korea Bizwire) — For residents of Gangneung, disaster is a familiar rhythm of life. Over the past quarter century, the coastal city on South Korea’s east coast has endured some of the nation’s worst natural calamities: typhoons, catastrophic wildfires, record-breaking snowfalls. Now, it faces what officials call the worst drought in [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea’s largest chipmakers are facing renewed uncertainty after the Trump administration moved to revoke a waiver that had allowed them to import U.S.-made semiconductor equipment into their factories in China without prior approval. The U.S. Commerce Department announced that Samsung Electronics and SK Hynix will no longer be [...]
SEOUL, Aug. 29 (Korea Bizwire) — Louis Vuitton unveiled its first-ever beauty line, La Beauté Louis Vuitton, in Seoul on Friday, marking the global debut of the French luxury house’s long-awaited entry into cosmetics. The collection, comprising 55 shades of lipstick, 10 tinted balms and four eye shadow palettes, was presented at a pop-up store [...]
SEOUL, Aug. 29 (Korea Bizwire) — Boy band Stray Kids set a record with its latest release, “Karma,” which posted the highest first-week sales of any K-pop album this year, the group’s agency said Friday. JYP Entertainment said the group’s fourth full-length album, released on Monday, sold 3.03 million copies in its first week, citing [...]
SEOUL, Aug. 29 (Korea Bizwire) — South Korea’s Supreme Court has overturned a lower court ruling that had partially held BMW Korea liable in a fatal sudden acceleration crash, dealing a setback to victims seeking recognition of manufacturing defects in such cases. The ruling, issued earlier this month, involved a 2018 accident in which a [...]
SEOUL, Aug. 29 (Korea Bizwire) — The South Korean capital is set to transform its skyline into a canvas of light and art this week, as the city launches Seoul Light DDP 2025 Autumn, an immersive media art festival at the Dongdaemun Design Plaza (DDP). Running from Aug. 28 through Sept. 7, the event will project [...]
SEOUL, Aug. 29 (Korea Bizwire) — South Korea’s dermatology clinics have emerged as the country’s leading draw for foreign medical tourists, with patient numbers skyrocketing more than 100-fold over the past decade and a half. According to a report released Thursday by the Korea Health Industry Development Institute, 705,044 foreign patients received dermatological treatment in [...]
SEOUL, Aug. 29 (Korea Bizwire) – South Korea’s police are intensifying efforts to combat a surge in voice phishing scams, which authorities now describe as a “social disaster” threatening every generation. The National Police Agency on Thursday unveiled five public service videos on YouTube — including one in which a senior police official receives a [...]
JEONGSEON, South Korea, Aug. 29 (Korea Bizwire) — South Korea is facing mounting pressure to overhaul its casino regulations as competition intensifies across Asia, with Japan preparing to open its first integrated resort in Osaka by 2030. Industry leaders and academics at a two-day forum (August 27~28) in Osaka warned that South Korea’s restrictive framework [...]