SEOUL, Aug. 29 (Korea Bizwire) – South Korea’s police are intensifying efforts to combat a surge in voice phishing scams, which authorities now describe as a “social disaster” threatening every generation. The National Police Agency on Thursday unveiled five public service videos on YouTube — including one in which a senior police official receives a [...]
JEONGSEON, South Korea, Aug. 29 (Korea Bizwire) — South Korea is facing mounting pressure to overhaul its casino regulations as competition intensifies across Asia, with Japan preparing to open its first integrated resort in Osaka by 2030. Industry leaders and academics at a two-day forum (August 27~28) in Osaka warned that South Korea’s restrictive framework [...]
SEOUL, Aug. 29 (Korea Bizwire) — LG Energy Solution said Thursday it has signed a memorandum of understanding with Kim Long Motors to supply cylindrical batteries for the Vietnamese automaker’s upcoming line of electric buses, marking a significant step into Southeast Asia’s fast-growing EV market. Kim Long Motors, a subsidiary of transport giant Phu Thai Group, [...]
SEOUL, Aug. 29 (Korea Bizwire) — Lotte Engineering & Construction said Thursday it has stepped up workplace safety measures in line with the government’s newly announced “12 Core Safety Rules,” rolling out technology and policies aimed at protecting laborers in one of South Korea’s most accident-prone industries. The company has developed what it calls the [...]
SEOUL, Aug. 28 (Korea Bizwire) — Samsung Electronics plans to unveil its latest lineup of Bespoke AI appliances at IFA 2025 in Berlin next month, pitching an upgraded vision of the “AI Home” that the company says will turn futuristic living into an everyday reality. Under the theme “AI Home – Future Living, Now,” Samsung [...]
SEOUL, Aug. 28 (Korea Bizwire) — LG Electronics said Thursday it will debut new robot vacuum cleaners at IFA 2025 in Berlin next month, highlighting designs aimed at blending more seamlessly into home interiors while enhancing cleaning performance through artificial intelligence. The lineup includes two models: the built-in Hidden Station and the freestanding Objet Station. [...]
SEOUL, Aug. 28 (Korea Bizwire) — South Korea’s financial regulators said Wednesday they will impose significantly harsher penalties on accounting fraud, expanding fines for both companies and executives in an effort to close loopholes that have allowed senior management to escape responsibility. Under the new framework approved by the Securities and Futures Commission, fines for [...]
SEOUL, Aug. 28 (Korea Bizwire) — South Korea’s largest companies have sharply increased their reliance on temporary workers over the past four years, raising questions about job stability in one of Asia’s most industrialized economies. According to data released Wednesday by CEO Score, which analyzed quarterly filings from 334 of the country’s top 500 companies [...]
SEOUL, Aug. 28 (Korea Bizwire) — More than a decade after the suicide of three impoverished women in Seoul’s Songpa District shocked the nation and exposed deep flaws in the welfare system, South Korea’s government has unveiled its most ambitious blueprint yet to build what it calls a “zero poverty society.” The Lee Jae-myung administration [...]
SEOUL, Aug. 28 (Korea Bizwire) — Global ransomware cases climbed 17 percent in the second quarter from a year earlier, with consumer-facing services bearing the brunt of attacks, according to a report released Tuesday by SK Shieldus, a South Korean cybersecurity company. The firm tallied 1,556 incidents worldwide between April and June. While that marked [...]