SEOUL, Oct. 15 (Korea Bizwire) – Families of victims of a Jeju Air Co. plane crash that occurred late last year have filed a lawsuit against U.S. aircraft manufacturer Boeing Co. in an American court, holding the company responsible for alleged manufacturing defects, according to the families Wednesday. According to the families and their legal [...]
SEOUL, Oct. 15 (Korea Bizwire) — South Korea’s central bank and financial regulator have received below-average marks for their response to the climate crisis, ranking in the lower tier among ASEAN+3 economies, according to a new international assessment. The report by Positive Money, a U.K.-based think tank, evaluated 13 countries in the ASEAN+3 group — comprising [...]
SEOUL, Oct. 15 (Korea Bizwire) — South Korea’s National Pension Service (NPS) said it will begin enforcing stricter “responsible investment” standards on private equity and other alternative investments, following heavy criticism over massive potential losses linked to the troubled retailer Homeplus. The decision, announced by the Ministry of Health and Welfare during a parliamentary audit on [...]
SEOUL, Oct. 15 (Korea Bizwire) — The South Korean government has moved to dismantle decades-old billing practices between clinics and diagnostic laboratories, a reform it says is essential to restoring transparency and safeguarding patient safety. But the medical community is pushing back, calling the measure hasty and detached from on-the-ground realities. The Ministry of Health and [...]
SEOUL, Oct. 15 (Korea Bizwire) — As South Korea pushes for wider adoption of Driver Monitoring Systems (DMS) to prevent fatigue-related traffic accidents, truck and bus drivers are voicing growing unease over privacy intrusions and cost burdens. While most drivers and operators acknowledge the need for safer roads, many fear that DMS — which tracks [...]
SEOUL, Oct. 14 (Korea Bizwire) – China announced Tuesday it will impose retaliatory measures against five U.S.-based subsidiaries of South Korean shipbuilder Hanwha Ocean Co., accusing them of cooperating with a U.S. investigation targeting China’s maritime and shipbuilding industries. In a statement, the Chinese commerce ministry claimed Hanwha Ocean’s U.S. affiliates assisted and supported the [...]
SEOUL, Oct. 14 (Korea Bizwire) — A South Korean court has ruled that the death of a 22-year-old man following a COVID-19 vaccination was causally linked to the shot, marking a rare judicial recognition of vaccine-related death in the country. According to a ruling by the Seoul Administrative Court, the man, identified only as A, received [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea’s Disease Control and Prevention Agency (KDCA) pushed back on Monday against a recent study by domestic medical researchers suggesting that COVID-19 vaccines could increase the risk of cancer, saying the findings do not establish a causal link. “The mechanisms behind cancer development take years to identify,” a [...]
SEOUL, Oct. 14 (Korea Bizwire) — A new nationwide survey has revealed a striking paradox at the heart of South Korea’s digital transformation: while most public officials have experimented with artificial intelligence in their work, the vast majority of government documents remain locked in formats AI systems can’t read. According to data released Monday by Democratic [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korean lawmakers across party lines have condemned the government’s handling of a sharp rise in kidnapping and confinement cases involving Korean nationals in Cambodia, urging swift and decisive measures — including the possibility of military intervention — to protect citizens abroad. During a National Assembly audit on Sunday, Rep. [...]