SEOUL, Nov. 5 (Korea Bizwire) — South Korea’s ruling party is moving swiftly to legislate an extension of the retirement age to 65 by the end of the year, backed by the nation’s two largest labor unions. But the country’s major business groups are warning that the proposal could amplify management uncertainty and deepen structural problems [...]
DAEJEON, Nov. 5 (Korea Bizwire) — More than 100 South Korean teenagers voluntarily confessed to online gambling and sought help through a police-led rehabilitation program in Daejeon over the past year, according to police data released Tuesday. The Daejeon Metropolitan Police Agency said that between November last year and October this year, 109 students — including [...]
SEOUL, Nov. 5 (Korea Bizwire) — As the South Korean government tightens oversight of new weight-loss drugs such as Wegovy and Mounjaro to curb misuse, some users are sidestepping domestic restrictions by traveling to Japan for easier access. Despite recent price stabilization in the domestic market, a growing number of South Koreans are turning to Japanese [...]
SEOUL, Nov. 5 (Korea Bizwire) — The next wave of obesity treatments is expected to center on multi-action drugs and oral formulations, according to a new report by global pharmaceutical research firm IQVIA, as drugmakers race to overcome the limitations of current blockbusters such as Novo Nordisk’s Wegovy and Eli Lilly’s Mounjaro. The two companies currently [...]
SEOUL, Nov. 5 (Korea Bizwire) — LG Electronics said Tuesday it has signed a memorandum of understanding with global infrastructure solutions provider Flex to jointly develop modular cooling systems designed to address the growing heat challenges of artificial intelligence (AI) data centers. Under the partnership, LG will combine its high-efficiency cooling technologies — including chillers, cooling [...]
SEOUL, Nov. 5 (Korea Bizwire) — Xiaomi announced Tuesday that it will launch a special discount event for its flagship smartphone, the Xiaomi 15 Ultra, after Chinese President Xi Jinping presented the device to South Korean President Lee Jae-myung during their recent summit. Xiaomi Korea said it was “honored” that one of its latest flagship models [...]
SEOUL, Nov. 5 (Korea Bizwire) — LG Electronics said Tuesday it has signed an agreement with Gyeonggi Province to install its tumbler washer, LG myCup, at 21 universities across the province as part of its environmental, social and governance (ESG) initiative to reduce single-use waste and promote sustainable living among younger generations. The device, launched on [...]
BUSAN, Nov. 5 (Korea Bizwire) — South Korean researchers have scientifically identified the psychopathological traits of “Hwabyung,” a culturally specific mental disorder long recognized in Korea and listed in the American Psychiatric Association’s diagnostic standards. Busan National University announced that the study, published on October 30 in the BioPsychoSocial Medicine journal, provides the first systematic clinical [...]
SEOUL, Nov. 5 (Korea Bizwire) — The price of stolen South Korean credit card information traded on the dark web has more than doubled over the past two years, reflecting rising demand among cybercriminals despite stronger global security measures, a new report found. According to cybersecurity firm NordVPN, data collected in May from its threat monitoring [...]
GYEONGJU, Nov. 4 (Korea Bizwire) — Following its star turn at the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, demand for the city’s famed Hwangnam Bbang (Hwangnam bread) has soared — along with a wave of online scams and price gouging. The pastry, gifted by President Lee Jae Myung to Chinese President Xi Jinping during the [...]