SEOUL, Sept. 6 (Korea Bizwire) — The Korea Exchange said Friday it will introduce three new stock indexes tied to artificial intelligence on Sept. 8, underscoring how rapidly the technology is reshaping investment strategies across industries. The indexes — the KRX Sovereign AI Index, the KRX-Akros AI Power Infrastructure Index, and the KRX AI Semiconductor Index [...]
SEOUL, Sept. 6 (Korea Bizwire) — South Korea’s judiciary is bracing for what many judges describe as the most sweeping attempt at judicial reform in decades, as the Supreme Court moves to gather the views of court leaders nationwide ahead of legislation being advanced by the ruling Democratic Party. The Supreme Court announced that it will [...]
SEOUL, Sept. 6 (Korea Bizwire) — South Korea’s Democratic Party on Friday unveiled plans to impose far heavier financial penalties on media outlets for publishing false or manipulated reports, vowing to pass the legislation before the Chuseok holiday on Oct. 6. At a press briefing, the party’s special committee on media reform said it would [...]
SEOUL, Sept. 5 (Korea Bizwire) — A large-scale immigration raid at a Hyundai Motor Group–LG Energy Solution battery plant construction site in Georgia has sent shockwaves through Korean companies operating in the United States, raising fears of heightened regulatory risks under the Trump administration. According to foreign media and industry officials, U.S. Immigration and Customs [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s new culture minister offered a stark warning on Thursday, saying that behind the glittering image of K-pop, K-drama and other cultural exports lies a fragile industry infrastructure at risk of collapse. At his first press conference since taking office, Choi Hwi-young, minister of culture, sports and tourism, said he [...]
SEOUL, Sept. 5 (Korea Bizwire) – South Korea’s efforts to rescue its collapsing essential medical system by sharply raising reimbursements for high-risk surgeries have failed to halt the sector’s decline, new government data show. Even with more generous payments, essential care still accounts for less than 20 percent of total medical spending, while pediatric and obstetric [...]
SEOUL, Sept. 5 (Korea Bizwire) — With more than one in four South Korean households now raising a pet, real estate developers are racing to appeal to so-called “pet families” by building apartments with dedicated pet-friendly amenities. According to data released Thursday by the Ministry of Agriculture, Food and Rural Affairs, 28.6 percent of households [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korean women not only earn far less than men during their working lives but also receive significantly smaller pensions in retirement, according to new research presented Thursday by the Korean Confederation of Trade Unions (KCTU). The study, conducted by senior researcher Jang Jin-hee of the KCTU’s Central Research [...]
SEOUL, Sept. 5 (Korea Bizwire) — Illegal private lending and debt collection crimes in South Korea have more than doubled in the past three years, with authorities warning that exploitative lenders are increasingly preying on financially vulnerable groups such as young job seekers. According to data released Thursday by Rep. Han Byung-do, violations of lending [...]
SEOUL, Sept. 5 (Korea Bizwire) — With South Korea’s stock market stuck in a holding pattern, investors are pouring money into bond-focused exchange-traded funds, underscoring a shift toward safer assets amid global economic uncertainty. According to Koscom data released Thursday, Samsung Asset Management’s KODEX Money Market Active and Korea Investment Trust’s ACE Money Market Active [...]