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Gov’t to Strengthen Driving Ability Assessment for Elderly Transport Workers

Gov’t to Strengthen Driving Ability Assessment for Elderly Transport Workers

SEOUL, Feb. 19 (Korea Bizwire) — The government plans to tighten driving ability assessments for transport workers including bus, taxi and freight vehicle drivers that are aged 65 years or older, the transport ministry said Wednesday, a move aimed at enhancing the safety of public transportation services. The Ministry of Land, Infrastructure and Transport said [...]

Customs Agency Busts 2.6 Tln Won Worth of FX Crimes in 2024

Customs Agency Busts 2.6 Tln Won Worth of FX Crimes in 2024

SEOUL, Feb. 19 (Korea Bizwire) — South Korea’s customs agency said Wednesday it busted 300 cases of crimes related to foreign exchange (FX) transactions worth some 2.6 trillion won (US$1.8 billion) in 2024. The number of such crimes jumped 52 percent last year from 198 cases tallied a year earlier, and the combined value of [...]

17 Generals, 13 Field Grade Officers under Investigation over Alleged Roles in Martial Law

17 Generals, 13 Field Grade Officers under Investigation over Alleged Roles in Martial Law

SEOUL, Feb. 19 (Korea Bizwire) — A total of 30 military service members, including 17 generals, have been under investigation over their alleged involvement in President Yoon Suk Yeol’s failed bid to impose martial law on Dec. 3, a lawmaker said Wednesday, citing a defense ministry report. Authorities have so far notified 17 generals and [...]

Korean TikTok Users on Rise despite Data Leakage Worries

Korean TikTok Users on Rise despite Data Leakage Worries

SEOUL, Feb. 19 (Korea Bizwire) — South Korean users of the popular short-video app TikTok are on the rise despite concerns over possible data leakage, an industry data tracker said Wednesday. The monthly active users (MAU) of TikTok and TikTok Lite, which are owned by China-based ByteDance, reached 4.89 million and 4.79 million, respectively, in [...]

Seoul Plans 51.3 Billion Won Investment in Digital Safety Infrastructure

Seoul Plans 51.3 Billion Won Investment in Digital Safety Infrastructure

SEOUL, Feb. 19 (Korea Bizwire) — Seoul Metropolitan Government announced plans to invest 51.3 billion won in creating a “digital safety city” this year, with initiatives including the installation of intelligent CCTV systems and expanded public WiFi coverage. The budget represents a 6.3 billion won increase from last year.  The city is accelerating the deployment of [...]

Online Radicalization Among Young South Koreans Sparks Concern Amid Political Turmoil

Online Radicalization Among Young South Koreans Sparks Concern Amid Political Turmoil

SEOUL, Feb. 18 (Korea Bizwire) —  A growing number of young South Koreans in online communities are engaging in radical political actions, including plotting disruptions at court buildings and orchestrating mass messaging campaigns against Constitutional Court Acting Chief Justice Moon Hyung-bae. Experts suggest that economic instability and social alienation among youth are fueling this escalation. According [...]

Court Orders Game Developer to Pay 8.5 Billion Won in Trade Secret Case Against Nexon

Court Orders Game Developer to Pay 8.5 Billion Won in Trade Secret Case Against Nexon

SEOUL, Feb. 18 (Korea Bizwire) — A South Korean court has ordered Iron Mace, a startup game developer, to pay 8.5 billion won to gaming giant Nexon in a trade secrets case that hinged on whether game design concepts and rules developed at a company constitute protected business secrets.  The Seoul Central District Court ruled on [...]

Senior S. Korean Trade Official Angles for ‘Mutually Beneficial’ Path amid Trump’s Tariff Pressure

Senior S. Korean Trade Official Angles for ‘Mutually Beneficial’ Path amid Trump’s Tariff Pressure

WASHINGTON, Feb. 17 (Korea Bizwire) — A senior South Korean trade official said Monday he will seek to have “mutual beneficial” discussions during his planned talks with U.S. officials in Washington, amid concerns over the potential impact of President Donald Trump’s tariff policy on the Asian country. Deputy Minister for Trade Park Jong-won made the [...]