SK Telecom Faces Mounting Pressure as Regulators Order Full Penalty Waivers for Customers After Hacking Breach SEOUL, Aug. 21 (Korea Bizwire) — South Korea’s telecom regulator has ordered SK Telecom to waive all early termination penalties for subscribers who wish to cancel their contracts by year’s end following the company’s massive hacking incident, intensifying the financial [...]
SEOUL, Aug. 21 (Korea Bizwire) — South Korea moved to curb speculative demand from overseas buyers on Thursday, designating nearly all of the greater Seoul area as a restricted zone for foreign land transactions. The Ministry of Land, Infrastructure and Transport announced that Seoul, 23 municipalities in Gyeonggi Province, and seven districts in Incheon will [...]
SEOUL, Aug. 21 (Korea Bizwire) — Shares of Doosan Enerbility, South Korea’s leading nuclear power equipment maker, tumbled amid controversy over a contract signed between Korea’s state-run utilities and U.S. nuclear giant Westinghouse Electric Co. (WEC), leaving retail investors bearing the brunt of the losses. According to the Korea Exchange on Thursday, Doosan Enerbility’s stock [...]
SEOUL, Aug. 21 (Korea Bizwire) — South Korean brokerage firms are moving to resume overnight trading of U.S. stocks as early as November, more than a year after the service was abruptly suspended in the wake of a market shock. According to industry officials on Thursday, securities firms reached a tentative agreement to restart the service [...]
SEOUL, Aug. 21 (Korea Bizwire) — The National Museum of Modern and Contemporary Art (MMCA) announced on Wednesday that its four branches — in Seoul, Gwacheon, Deoksugung, and Cheongju — will host an array of exhibitions, markets, and performances as part of the 2025 Korea Art Festival. Timed to coincide with major art fairs such [...]
SEOUL, Aug. 21 (Korea Bizwire) — The runaway success of KPop Demon Hunters, a U.S. animated film released on Netflix in June, is driving a sharp rise in global curiosity about South Korea, with ripple effects expected across food, cosmetics and tourism. Google search data show that worldwide queries for “Korea” reached their highest level [...]
SEOUL, Aug. 21 (Korea Bizwire) — As South Korea’s millennial and Gen Z generations begin raising families, pregnancy and childbirth are taking on new cultural forms, blending tradition, technology and social media. Once marked by simple customs — such as hanging peppers or charcoal on a straw rope outside a home to signal the birth [...]
SEOUL, Aug. 21 (Korea Bizwire) — The South Korean government will launch a nationwide refund program this fall that reimburses consumers for part of their credit card spending in an effort to revive household demand and support small businesses. The Ministry of SMEs and Startups said Wednesday that the “Coexistence Payback” scheme will run from [...]
SEOUL, Aug. 21 (Korea Bizwire) — The Bank of Korea (BOK) on Wednesday sounded the alarm over the rapid spread of dollar-pegged stablecoins, warning lawmakers that the trend poses risks to monetary sovereignty and financial stability. In a written response submitted to Rep. Park Sung-hoon of the People Power Party, the central bank urged swift [...]
COLOGNE, Germany, Aug. 20 (Korea Bizwire) — Hyundai Motor made its debut at Gamescom, the world’s largest gaming convention, unveiling a retro-style arcade game inspired by its latest concept car. From August 20 to 24, the automaker is hosting a booth in the “Retro & Family” section of Gamescom 2025 at the Koelnmesse exhibition center. [...]