SEOUL, June 24 (Korea Bizwire) — The recent service disruption in Samsung Pay, a mobile payment system operated by Samsung Electronics Co., was caused by a firewall error at a data center in Suwon, just south of Seoul, government officials said Tuesday. On June 2, Samsung Pay experienced service errors lasting over three hours beginning [...]
SEOUL, June 24 (Korea Bizwire) — While global consumers continue to favor monochromatic car colors, South Korean buyers are increasingly opting for vibrant, expressive hues, according to a new report by global coatings manufacturer Axalta. The report, released on June 22, shows that in 2024, 24% of cars sold in South Korea featured chromatic (non-neutral) [...]
SEOUL, June 24 (Korea Bizwire) — Nearly a century after it was taken to Japan, a wooden building believed to be a royal shrine from the Joseon Dynasty has returned to its homeland—marking an unprecedented moment in Korea’s effort to reclaim its cultural heritage. The Korea Heritage Service (KHS) and the Overseas Korean Cultural Heritage [...]
SEOUL, June 24 (Korea Bizwire) — In a quiet but meaningful shift reflecting South Korea’s evolving social fabric, the Supreme Court announced Tuesday that a Korean national and their foreign spouse can now register their child’s birth using names of any length—ending a long-standing restriction that effectively barred lengthy names from appearing in official records. [...]
SEOUL, June 24 (Korea Bizwire) – As inflation continues to weigh heavily on South Korean households, major retailers are adopting a “reverse pricing” strategy—setting a target sale price first and working backward to meet it—reshaping how goods are planned, priced, and sold. Rather than determining prices based on production costs and margins, companies like E-Mart, [...]
Over 30% of New Mothers of Twins in South Korea Suffer from Severe Depression, Survey Finds SEOUL, June 24 (Korea Bizwire) – A new survey reveals that more than 30 percent of South Korean mothers within 12 weeks of delivering twins are experiencing severe postpartum depression, underscoring the urgent need for greater mental health support for [...]
SEOUL, June 24 (Korea Bizwire) — As South Korea grapples with a persistently low birthrate under President Lee Jae-myung’s administration, a new report highlights how the demographic shift is reshaping the nation’s small business ecosystem, prompting price hikes and deepening inequality among local service providers. According to a study released Monday by Hana Financial Group’s [...]
SEOUL, June 23 (Korea Bizwire) — The state-run Korea National Oil Corp. (KNOC) said Monday it is closely monitoring the global oil supply and preparing for the possible release of oil reserves following reports that Iran is pushing to close the Strait of Hormuz. “We began 24-hour monitoring of changes in international oil prices and [...]
SEOUL, June 23 (Korea Bizwire) — With the rhythmic crack of a jukbi (bamboo clapper) echoing through Jogyesa Temple in central Seoul, more than 400 monks and lay followers bowed in unison—once, twice, continuing until they completed 108 prostrations. The ritual, representing the 108 earthly afflictions in Buddhist teachings, marked a deeply symbolic milestone: the 1,000th [...]
SEOUL, June 23 (Korea Bizwire) — As online platforms in South Korea face growing scrutiny over the spread of extremist speech and criminal activity, major tech firms are stepping up content moderation policies—even amid concerns over free speech and algorithmic overreach. Naver’s streaming platform, Chzzzik, recently restricted access to a broadcaster’s channel after the streamer made [...]