SEOUL, June 2 (Korea Bizwire) — In the final stretch of South Korea’s high-stakes presidential election, a digital manipulation scandal has thrown the race into turmoil, casting doubts on the integrity of online discourse and raising alarms over political interference by a far-right education group. The controversy centers around Rhee Park School, a conservative civic organization [...]
SEOUL, May 30 (Korea Bizwire) — Foreign residents in South Korea will soon find it easier to access non-bank financial services through mobile and online platforms, as the government expands its real-time ID verification system beyond the traditional banking sector. On Friday, the Ministry of Justice and the Korea Financial Telecommunications & Clearings Institute announced [...]
SEOUL, May 29 (Korea Bizwire) — SPC Samlip Co., a confectionery unit under SPC Group, said Thursday it will discontinue its popular “KBO Bread” line following a fatal accident at one of its factories. “After consultation with the Korea Baseball Organization (KBO), the production of KBO Bread will be halted,” the company said in a [...]
SEOUL/POHANG, South Korea, May 29 (Korea Bizwire) — All four Navy officers aboard a maritime patrol aircraft were killed after the plane crashed on a mountain in the southeastern city of Pohang on Thursday, the Navy said. The crash occurred at around 1:49 p.m., and witnesses reported smoke rising from the mountain with sounds of [...]
SEOUL, May 27 (Korea Bizwire) — South Korea has the highest employment rate among people aged 65 and older across the OECD, but the quality of jobs available to the elderly remains alarmingly low, driven by insufficient pension income and limited opportunities to leverage their lifelong careers. According to a recent report released by the National [...]
SEOUL, May 26 (Korea Bizwire) — A joint government-private investigation team looking into SK Telecom Co.’s recent large-scale data breach has extended its probe to the servers of other major mobile carriers and platform companies, but found no signs they have been compromised, industry sources said Monday. Initially, the team had asked local telecommunications and [...]
SEOUL, May 26 (Korea Bizwire) — South Korea is the only major OECD economy where the proportion of youth not in education, employment, or training (NEET) has increased over the past decade, according to a new government-backed study. The country’s NEET rate remains significantly above the OECD average, raising fresh concerns about barriers to labor market [...]
SEOUL, May 26 (Korea Bizwire) — South Korea is facing a rapid rise in the prevalence of synthetic drugs, with new narcotics such as synthetic cannabis and ketamine accounting for nearly 35% of all confiscated substances in 2024, up nearly fourfold from 9.7% in 2019, according to a new government report. The National Forensic Service (NFS), [...]
SEOUL, May 21 (Korea Bizwire) — Two Taiwanese nationals arrested by police last week for illegally filming U.S. military aircraft and facilities in South Korea have been transferred to the prosecution for a possible indictment, police said Wednesday. The suspects — one in his 40s and the other in his 60s — are accused of [...]
GWANGJU, May 20 (Korea Bizwire) — Firefighters on Tuesday extinguished a massive fire that ravaged Kumho Tire’s plant in Gwangju, about three days after it first broke out. Fire authorities had fully put out the fire as of 11:50 a.m. after it began Saturday morning at the plant in Gwangju, about 270 kilometers south of [...]