SEOUL, Oct. 19 (Korea Bizwire) — Geopolitical risks stemming from the conflict between Israel and the Palestinian militant group Hamas are feared to cause a flare-up in inflation and ripple effects for the South Korean financial market and the real economy, the finance minister said Thursday. Choo Kyung-ho made the assessment during a parliamentary audit [...]
SEOUL, Oct. 19 (Korea Bizwire) — South Korea has no choice but to seek “powerful” sanctions against North Korea and Russia if Moscow provides military technology to Pyongyang in return for a suspected supply of North Korean weapons to Russia, Seoul’s point man on Pyongyang has said. The United States said last week that North [...]
WASHINGTON, Oct. 18 (Korea Bizwire) — The United States has observed North Korea and other countries trying to use artificial intelligence (AI) technology to accelerate writing malicious software as part of their illicit cyber activities, a senior Washington official said Wednesday. Anne Neuberger, deputy national security advisor for cyber and emerging technologies on the National [...]
WASHINGTON, Oct. 18 (Korea Bizwire) — South Korea’s top envoy at the United Nations on Wednesday criticized China’s reported repatriation of North Korean refugees last week as a “grave” human rights incident and called on the international community to raise voices for their protection. Ambassador Hwang Joon-kook made the remarks as human rights advocacy groups [...]
SEOUL, Oct. 19 (Korea Bizwire) — The chief investment officer of Kakao Corp. was arrested Thursday on suspected stock manipulation in connection with the tech giant’s acquisition of SM Entertainment. The Seoul Southern District Court issued an arrest warrant for the Kakao executive, Bae Jae-hyun, citing concerns about the possible destruction of evidence and flight [...]
SEOUL, Oct. 19 (Korea Bizwire) — A Seoul teacher is facing a police probe in connection with last month’s massive rallies by elementary school teachers to mourn the suicide of a fellow teacher allegedly distressed by disgruntled parents, a lawmaker said Thursday. The Seoul Jongno Police Station has recently notified the Seoul Metropolitan Office of [...]
SEOUL, Oct 19 (Korea Bizwire) — The chief of state-run Korea Electric Power Corp. (KEPCO) on Thursday said the company will continue to seek a gradual rise in electricity prices based on production costs amid the lingering uncertainties in the energy market. “The global electricity industry is facing an unprecedented crisis amid the insecurity in [...]
SEOUL, Oct. 19 (Korea Bizwire) – The number of hacking attempts from abroad targeting the health insurance server, which contains personal, financial, and medical information, is on a steep rise. According to data from the National Health Insurance Service (NHIS) on Wednesday, cyberattacks on NHIS servers have been on the rise since the NHIS implemented in-house security [...]
SEOUL, Oct. 19 (Korea Bizwire) – As the South Korean government is contemplating a significant expansion of medical university enrollment quotas, there is increasing interest in whether the establishment of graduate medical schools—pursued by the Korea Advanced Institute of Science and Technology (KAIST) and the Pohang University of Science and Technology (POSTECH) to nurture physician-scientists—will become a [...]
SEJONG, Oct. 19 (Korea Bizwire) – The number of individuals inheriting property valued at more than 10 billion won has almost doubled over the past four years, with the total value of their inherited property estimated at 39 trillion won last year. According to data from the National Tax Service released on Wednesday, the number of individuals [...]