SEOUL, Sept. 10 (Korea Bizwire) — The Seoul Metropolitan Government said Monday it will expand its distribution of emergency beacons designed to protect small business owners who often work alone and face heightened risks of harassment or intrusion. The device, known as the “Safe Beacon,” activates flashing lights and a siren outside a shop when [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korea’s financial watchdog cautioned retail investors on Tuesday about the risks of exchange-traded funds (ETFs), even as the market for such products has expanded more than fourfold in recent years. According to the Financial Supervisory Service (FSS), the nation’s ETF market reached 232 trillion won ($168 billion) in [...]
SEOUL, Sept.10 (Korea Bizwire) — South Korea’s sweeping government reorganization to expand the Ministry of Environment into a new Ministry of Climate, Energy and Environment is drawing sharp criticism from energy experts, who warn that dividing authority over fossil fuels and renewables could weaken policy coherence and threaten energy security. Under the plan, the Environment [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korea will remove cryptocurrency trading and brokerage from its list of industries barred from receiving venture business status, signaling a shift in how the government views the digital asset sector. The Ministry of SMEs and Startups said Tuesday that the Cabinet approved revisions to the Enforcement Decree of the [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korea’s government announced on Tuesday a sweeping overhaul of its employment permit system for foreign workers, pledging to relax restrictions on workplace changes and extend residency periods for those holding E-9 visas. The reforms also aim to tighten sanctions on employers found guilty of labor rights violations. At [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korea’s young adults remain the most highly educated in the developed world, according to new data released Tuesday, but the wage premium for advanced degrees is growing even as public spending on higher education lags international peers. The OECD Education at a Glance 2025 report showed that 70.6 percent [...]
MUNICH, Sept. 9 (Korea Bizwire) — LG Electronics used Europe’s largest mobility show on Tuesday to stake its claim in the emerging era of software-defined vehicles, announcing new partnerships with Microsoft’s Xbox division and video-conferencing platform Zoom to expand its in-car WebOS ecosystem. At the IAA Mobility 2025 event in Munich, the South Korean company [...]
FOLKSTON, Ga. Sept. 9 (Korea Bizwire) — The return of more than 300 South Korean workers detained in last week’s U.S. immigration raid at Hyundai Motor and LG Energy Solution’s joint battery plant is drawing relief in Seoul, but partner companies say their absence has left a gaping hole in the highly specialized construction project. [...]
MUNICH, Sept. 9 (Korea Bizwire) — Hyundai Motor unveiled its first small electric vehicle concept on Tuesday at Europe’s largest mobility fair, underscoring the South Korean automaker’s push to expand its EV lineup into the compact segment, where demand is strongest in Europe. The concept car, dubbed “Concept THREE,” was introduced at the IAA Mobility 2025 [...]
SEOUL, Sept. 9 (Korea Bizwire) — At a time when glowing screens compete for nearly every spare moment of attention, most South Korean adults still reached for a traditional paper book last year. A new nationwide survey finds that four out of five adults in the country — 80.4 percent — read at least one [...]