SEOUL, Oct. 28 (Korea Bizwire) — South Korea will begin subsidizing malpractice insurance premiums for doctors working in critical but increasingly underserved medical specialties, the government announced Monday, in an effort to ease legal burdens that have driven many physicians away from essential care. Under the new program, the state will cover 50 to 75 percent [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korean retailers are gearing up for a surge in global shopping demand next month, timing major overseas promotions with U.S. Black Friday and China’s Singles’ Day as they seek to capture more spending from international consumers. W Concept, operated by Shinsegae, will run a two-week “W Week” promotion on [...]
SEOUL, Oct. 28 (Korea Bizwire) — More graduates from South Korea’s top universities are enrolling in regional law schools, reflecting a sharp rise in competition for legal careers and raising new concerns about equity in the country’s law education system. Newly released government data show that this year, 31 percent of first-year students at five lower-tier [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea plans to tighten oversight of blockbuster obesity treatments such as Wegovy and Mounjaro, responding to a surge in prescriptions for cosmetic weight loss among people without medical need, the government said Monday. The Ministry of Health and Welfare said it will work with the country’s drug regulator to [...]
SEOUL, Oct. 28 (Korea Bizwire) — RM, the leader of the global pop phenomenon BTS, will deliver a keynote address at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in the historic city of Gyeongju on Oct. 29, organizers and entertainment officials said Monday. RM is scheduled to speak for about 10 minutes during an afternoon cultural [...]
SEOUL, Oct. 27 (Korea Bizwire) — SK hynix is positioning itself to expand its presence in next-generation data center technologies, unveiling a new lineup of NAND storage products tailored for artificial intelligence workloads at a major industry gathering in California. Speaking at the 2025 Open Compute Project Global Summit in San Jose, Kim Cheon-sung, head of [...]
DAEJEON, Oct. 27 (Korea Bizwire) — South Korea has launched a new round of plasma experiments on its homegrown nuclear fusion device, KSTAR, as part of a broader push to accelerate the development of fusion energy, researchers said Monday. KSTAR — short for Korea Superconducting Tokamak Advanced Research — is a superconducting research reactor designed to [...]
SEOUL, Oct. 27 (Korea Bizwire) — South Korea’s benchmark stock index surged past the 4,000 mark for the first time on Monday, a milestone that has energized investors and set off new warnings that the market may be overheating. The Kospi has soared nearly 18 percent in October alone, repeatedly setting record highs in recent weeks. [...]
SEOUL, Oct. 27 (Korea Bizwire) — South Korea’s main stock index has surged faster than any other in the Group of 20 nations this year, propelled by foreign investors betting heavily on the country’s dominant semiconductor industry and other major blue-chip companies. The benchmark Kospi index has climbed 68.5 percent since Jan. 2, adding 1,643 [...]
SEOUL, Oct. 27 (Korea Bizwire) – South Korea’s central bank is signaling that any won-pegged stablecoins introduced into the domestic market should be issued through regulated banks, warning that private issuers could threaten financial stability and weaken monetary control. Stablecoins could “unlock new possibilities” for the economy, the Bank of Korea said in a report [...]