SEOUL, Nov. 19 (Korea Bizwire) — A large majority of South Korean workers say the country’s labor market is fundamentally unequal, reflecting long-standing structural divides between large conglomerates and smaller firms, according to new research presented at a major labor conference in Seoul on Tuesday. The survey, released at the 30th-anniversary forum of the Federation [...]
SEOUL, Nov. 19 (Korea Bizwire) — LG AI Research is accelerating its entry into major global equity markets with a new artificial intelligence–driven forecasting model developed in partnership with the London Stock Exchange Group (LSEG), aiming to capture rising demand for automated investing tools. The model, called the AI Equity Forecasting Score (AEFS), analyzes roughly 5,000 [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korea’s major conglomerates are increasingly elevating executives born in the 1970s to senior leadership roles, signaling a generational shift in corporate management, according to new analysis released Wednesday by the Korea CXO Institute. At Samsung Electronics, three division heads born in 1970 or later now hold president-level titles: Yong [...]
SUWON, Nov. 19 (Korea Bizwire) — South Korean police have broken up a large network of illegal private lenders that preyed on low-income borrowers with usurious interest rates and aggressive collection tactics, authorities said Wednesday. The Gyeonggi Nambu Provincial Police Agency announced it had arrested 61 people connected to four criminal lending rings, including the alleged [...]
SEOUL, Nov. 19 (Korea Bizwire) — A large majority of South Korean workers in their 20s and 30s say the country should extend the legal retirement age, reflecting deepening economic anxieties and concerns about old-age security, according to a new survey released Wednesday. The poll, conducted by Remember & Company, which operates the professional networking [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korea’s men’s national soccer team secured a narrow 1–0 win over a depleted Ghana side in Seoul on Tuesday, but the labored victory has intensified concerns about the team’s form less than seven months before the 2026 FIFA World Cup. Despite the result, the performance was widely described as [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korea’s Supreme Court has overturned a lower-court ruling that sided with Philips Korea in a high-profile dispute over transfer pricing taxes, sending the case back to an appellate court for further review. In a decision disclosed Wednesday, the court reversed a ruling that had canceled most of the 90.5 [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea has secured a decisive victory in its protracted legal war with Lone Star Funds, closing a contentious chapter that has shaped the country’s financial and political landscape for more than two decades. The U.S. private equity firm—long criticized in Korea as a predatory “vulture fund”—first entered the market [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea is facing renewed public outrage over its drunk-driving laws after a series of fatal crashes — including the recent death of a Japanese tourist in Seoul — reignited anger over what many view as lenient punishments for offenders. The debate intensified after a Japanese user on the social [...]
SEOUL, Nov. 18 (Korea Bizwire) — As major universities grapple with cheating scandals linked to artificial intelligence, concerns are now spreading to the very start of the country’s education system: elementary schools, where students are increasingly outsourcing thinking and assignments to AI tools. Teachers in Seoul report that upper-grade students now instinctively turn to AI [...]