SEOUL, Oct. 31 (Korea Bizwire) — Despite a high-profile safety campaign, Seoul’s designated “kickboard-free zones” are failing to keep electric scooters off crowded streets, with underage riders zipping through school districts largely unchecked. On a recent afternoon in the Banpo neighborhood, a 15-year-old middle school student rode a shared e-scooter alongside friends on electric bicycles, weaving [...]
SEOUL, Oct. 31(Korea Bizwire) — South Korea is set to launch its first interbank-style foreign exchange brokerage platform for institutional clients, allowing companies, pension funds, and asset managers to compare multiple bank quotes in real time and trade at the most favorable rates. FXONE, the nation’s first customer-facing foreign exchange brokerage firm, held its inaugural general [...]
DANGJIN, Oct. 31 (Korea Bizwire) — A new safety initiative by Hyundai Steel Co. has sparked a labor dispute after the company deployed four-legged patrol robots at its Dangjin plant, with the metalworkers’ union accusing the firm of using the technology to monitor workers rather than protect them. The Korean Metal Workers’ Union, affiliated with [...]
SEOUL, Oct. 31 (Korea Bizwire) — In a rare show of camaraderie among global tech titans, Samsung Electronics Chairman Lee Jae-yong and Hyundai Motor Group Chairman Chung Eui-sun met with Nvidia CEO Jensen Huang on Thursday evening at a fried chicken restaurant in Seoul’s Gangnam district, sharing “so-maek” — a popular Korean mix of soju and [...]
GYEONGJU, Oct. 30 (Korea Bizwire) — As South Korea’s ancient city of Gyeongju played host to the Asia-Pacific Economic Cooperation (APEC) CEO Summit this week, one guest drew particular fascination not for his diplomacy, but for his dinner order. U.S. President Donald Trump, who stayed overnight at the Hilton Hotel in Gyeongju during his two-day [...]
JEONJU, Oct. 30 (Korea Bizwire) — A courtroom drama over a stolen snack valued at just 1,050 won (about 70 cents) has drawn national attention in South Korea, where prosecutors have asked the court to suspend sentencing for a 41-year-old security guard accused of stealing a Choco Pie and custard bread from an office refrigerator. [...]
SEOUL, Oct. 30 (Korea Bizwire) — A rare institutional rift has opened between South Korea’s Supreme Court and Constitutional Court over a proposed system that would allow citizens to challenge judicial decisions on constitutional grounds. During a National Assembly audit on Wednesday, Supreme Court Chief Judicial Administration Officer Cheon Dae-yeop and Constitutional Court Secretary-General Son In-hyuk [...]
SEOUL, Oct. 30 (Korea Bizwire) — In a quiet courtroom in Seoul on Thursday, the five young women of NewJeans lost the first round of one of K-pop’s most dramatic showdowns. A judge ruled that their management contract with the agency ADOR remains valid, rejecting the group’s bid for independence after months of turmoil that has [...]
SEOUL, Oct. 30 (Korea Bizwire) — A fierce contest has erupted among major financial institutions and fintech startups in South Korea as they vie for preliminary approval to operate the country’s first licensed trading platforms for fractional investments. According to industry sources, three consortiums have submitted applications ahead of the October 31 deadline, with the [...]
SEOUL, Oct. 30 (Korea Bizwire) — Seoul is turning to artificial intelligence and advanced spatial data to make its streets safer, using a city-developed 3D mapping platform to identify and eliminate potential crime blind spots. City officials said Wednesday that the new system, known as the S-Map Crime Vulnerability Prediction Model, will be fully deployed [...]