SEOUL, June 16 (Korea Bizwire) – The private data of some 2,900 South Korean customers was leaked after TAG Heuer, owned by LVMH, was hacked, according to an official at South Korea’s Personal Information Protection Commission on Sunday. The incident took place between 2019 and 2020, when the watchmaker renovated its website but came under [...]
SEOUL, Jun. 15 (Korea Bizwire) – In a nationwide survey asking South Koreans to name the former president and business leader they most admire, Roh Moo-hyun and Hyundai’s founder Chung Ju-yung topped the respective lists, highlighting their enduring legacies. The poll by Gallup Korea, conducted between March 22 and April 5 with 1,777 respondents aged 13 [...]
BUAN, Jun. 15 (Korea Bizwire) – The magnitude 4.8 earthquake that struck the city of Buan earlier this week has amplified anxieties across South Korea about the possibility of a more devastating seismic event, prompting many to take precautionary measures like assembling survival kits. With the memory of the destructive quakes in Gyeongju in 2016 and [...]
SEOUL, Jun. 15 (Korea Bizwire) – In their youth, scores of middle managers thrived in demanding roles that required expertise in data analysis, organizational oversight and other specialized skills. But many find themselves driving taxis or working as apartment security guards after reaching their 50s, according to a new government study. The study, released on June [...]
SEJONG, Jun. 14 (Korea Bizwire) – The Korea Overseas Infrastructure and Urban Development Corporation (KIND) announced on June 13 that it has signed a Memorandum of Understanding (MOU) with the Polish Export Credit Agency (KUKE) to cooperate on Ukraine’s reconstruction efforts. The agreement, signed in Berlin, Germany, on June 11, will enable South Korean companies with [...]
SEOUL, Jun. 14 (Korea Bizwire) — A union representing hospital workers on Friday urged doctors to abandon their plan for a one-day walkout scheduled for next week, as the medical sector has been experiencing a nearly four-month-long vacuum due to physicians protesting the increase in medical school quotas. The Korea Medical Association (KMA), a major [...]
SEOUL, Jun. 14 (Korea Bizwire) — The economic recovery in South Korea has gathered pace on robust exports and recovering domestic demand, though external uncertainties continued over varying economic growth among nations and regional conflicts, the finance ministry said Friday. The Ministry of Economy and Finance made the assessment in the Green Book, its monthly [...]
SEOUL, Jun. 13 (Korea Bizwire) – In an unprecedented move, South Korea’s antitrust regulator, the Fair Trade Commission, has levied a record fine of 140 billion won against Coupang, the country’s largest e-commerce company, on allegations of unfairly favoring its own products over those of third-party sellers. The staggering penalty, the highest ever imposed [...]
SEOUL, June 13 (Korea Bizwire) – Personal information processing policies of 49 companies and institutions, which are closely related to people’s daily life, will be evaluated by the government for the first time this year, the state’s data protection watchdog said Thursday. The 49 entities include major tech companies and online shopping malls, such as [...]
ULSAN, June 13 (Korea Bizwire) -- Wage negotiations between Hyundai Motor Co., South Korea’s leading automaker, and its union have collapsed, union representatives said Thursday, with workers expected to vote later this month whether to stage a walkout. The union decided to call off further negotiations after holding the eighth round of talks at the [...]