SEOUL, Oct. 30 (Korea Bizwire) — South Korea’s popular K-food exports are facing a surge in overseas counterfeits, yet the government has been slow to respond with meaningful intellectual property protection, according to new data from the National Assembly. Representative Eo Ki-gu of the Democratic Party said Wednesday that between 2020 and September 2025, authorities blocked [...]
SEOUL, Oct. 30 (Korea Bizwire) — South Korea’s financial authorities are moving to tighten oversight of insurance agents in an effort to curb their involvement in fraud, introducing measures that would mandate pre-screening and expand public disclosures of disciplinary records. The Financial Services Commission said Wednesday it discussed the reforms during a meeting of the Insurance [...]
GWANGJU, Oct. 30 (Korea Bizwire) — South Korea is confronting a troubling rise in criminal investigations and prosecutions involving people with mental disabilities, prompting renewed calls for reforms to safeguard their legal rights. According to a report released in May by the Judicial Policy Research Institute, criminal cases involving mentally disabled individuals nearly doubled in four [...]
DAEJEON, Oct. 30 (Korea Bizwire) — South Korea’s top science institute has unveiled new research that uses artificial intelligence to interpret how climate and urban environments affect city life, as global interest grows in applying data-driven tools to urban policymaking. KAIST’s Urban AI Lab said Wednesday it presented joint findings with the MIT Senseable City Lab [...]
SEOUL, Oct. 30 (Korea Bizwire) — SK hynix reported the highest quarterly profit in its history, buoyed by surging global demand for high-bandwidth memory (HBM) chips that power artificial intelligence systems, becoming only the second South Korean company after Samsung Electronics to surpass 10 trillion won ($7.1 billion) in quarterly operating profit. The world’s second-largest memory [...]
SEOUL, Oct. 29 (Korea Bizwire) — South Korea’s auto industry breathed a sigh of relief on Wednesday after the United States agreed to lower tariffs on Korean vehicles, a move that removes a major trade irritant and strengthens a deal underpinning Seoul’s $350 billion investment pledge in the American economy. The announcement followed a summit between [...]
GYEONGJU, South Korea, Oct. 29 (Korea Bizwire) – South Korea and the United States announced a finalized tariff agreement on Wednesday, ending months of contentious negotiations and signaling a deepening phase in their industrial partnership. President Lee Jae Myung and President Donald Trump confirmed the deal during talks held on the sidelines of the Asia-Pacific Economic [...]
KUALA LUMPUR, Oct. 29 (Korea Bizwire) – En route to Kuala Lumpur, U.S. Defense Secretary Pete Hegseth offered a strikingly positive endorsement of South Korea’s ambitions to reclaim wartime operational control from Washington, signaling a shift in how the alliance conceives of leadership during a crisis on the Korean Peninsula. Speaking to reporters aboard his plane [...]
GYEONGJU, South Korea, Oct. 29 (Korea Bizwire) – South Korean President Lee Jae Myung used a high-stakes summit in Gyeongju on Wednesday to push Washington toward a long-sought goal: the fuel needed to operate nuclear-powered submarines. Meeting U.S. President Donald Trump in the ancient capital, Lee argued that South Korea’s diesel-powered fleet no longer provides [...]
SEOUL, Oct. 29 (Korea Bizwire) — A South Korean court on Tuesday overturned the decades-old conviction of a 72-year-old man who was imprisoned during the military regime for possessing Karl Marx’s “Das Kapital,” ruling that his prior confession had been coerced. The Seoul Southern District Court acquitted Jeong Jin-tae, who was a student at Seoul National [...]