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Parents Deny Abuse Allegations Against Son Heung-min’s Father at Football Academy

Parents Deny Abuse Allegations Against Son Heung-min’s Father at Football Academy

SEOUL, July 4 (Korea Bizwire) – Parents of players training at the football academy run by the father of South Korean football star Son Heung-min on Thursday dismissed child abuse allegations against him. Son Woong-jung, a former player and director of Son Football Academy, and two of his coaches are under investigation over charges that [...]

Live Bullet Found inside Flight Attendant’s Luggage at Incheon Airport

Live Bullet Found inside Flight Attendant’s Luggage at Incheon Airport

INCHEON, Jul. 4 (Korea Bizwire) — Police have launched an investigation after a live bullet was found inside the hand luggage of a Korean Air flight attendant during baggage inspection at Incheon International Airport, officials said Thursday. A 7.62-millimeter-caliber live ammunition was found in a carry-on bag belonging to a female flight attendant as she [...]

Driver in Deadly Central Seoul Car Crash to Face 1st Questioning at Hospital

Driver in Deadly Central Seoul Car Crash to Face 1st Questioning at Hospital

SEOUL, Jul. 4 (Korea Bizwire) — Police were set to conduct their first questioning on Thursday of the driver involved in a recent car crash that killed nine pedestrians in downtown Seoul. The questioning comes three days after the 68-year-old man’s Hyundai Genesis sedan plowed through a sidewalk guardrail and hit pedestrians while traveling against [...]

Finance Chief Vows Preemptive Responses to Looming ‘Massive External Changes’

Finance Chief Vows Preemptive Responses to Looming ‘Massive External Changes’

SEOUL, Jul. 4 (Korea Bizwire) — Finance Minister Choi Sang-mok called for proactive and preemptive responses Thursday to prevent possible massive changes in external circumstances from affecting South Korean exports so as to maintain economic recovery momentum. Choi made the remarks during a meeting of ministers working on external economic issues in Seoul, stressing the [...]

South Korea’s Defense Ministry Launches AI Service, Boosting Military Operations

South Korea’s Defense Ministry Launches AI Service, Boosting Military Operations

SEOUL, Jul. 4 (Korea Bizwire) – The South Korean Ministry of National Defense announced on July 3 the launch of a specialized generative artificial intelligence (AI) service for defense operations, accessible through its internal network.  Similar to ChatGPT, the popular AI service developed by OpenAI, this new platform allows users to engage in chat-based interactions to [...]

North Korea’s Balloon Tactics: A Sign of Weakness or a Potential Threat?

North Korea’s Balloon Tactics: A Sign of Weakness or a Potential Threat?

SEOUL, July 3 (Korea Bizwire) – North Korea’s recent shift from sending propaganda leaflets to launching balloons filled with excrement into South Korea may be seen as an admission of the regime’s vulnerability, but experts warn that this tactic could pose a serious threat if it evolves into a form of terrorism. These observations come from [...]

Global Investment Bank Fined Record 27 Billion Won for Illegal Short Selling in South Korea

Global Investment Bank Fined Record 27 Billion Won for Illegal Short Selling in South Korea

SEOUL, July 3 (Korea Bizwire) – South Korean financial regulators have imposed a record fine of 27.1 billion won on two subsidiaries of a global investment bank for illegal short-selling practices involving transactions worth approximately 100 billion won. The Financial Services Commission’s Securities and Futures Commission announced on July 3 that it had voted to levy [...]