SEOUL, May 19 (Korea Bizwire) — Servers at SK Telecom Co. containing personal information and universal subscriber identity module (USIM) data of all subscribers have been compromised in a cyberattack, raising concerns that critical USIM data used in financial transactions may have been leaked, a joint government-private investigation team said Monday. According to the team’s [...]
SEOUL, May 19 (Korea Bizwire) — A wave of sophisticated scams targeting small business owners is spreading across South Korea, with perpetrators posing as celebrity managers, politicians, and government officials to orchestrate large-scale “no-show” fraud schemes. According to police reports, these scammers typically place phone calls posing as aides to well-known public figures—such as K-pop stars, [...]
SEOUL, May 14 (Korea Bizwire) — South Korea’s political and labor circles are locked in heated debate over a proposal to raise the legal retirement age from 60 to 65, reflecting growing tensions between an aging population and youth employment concerns. The issue, reignited during Labor Day remarks by Democratic Party leader Lee Jae-myung, has polarized [...]
GANGNEUNG, South Korea, May 13 (Korea Bizwire) — The family of a 12-year-old boy who died in a suspected sudden unintended acceleration (SUA) incident in late 2022 has lost a civil lawsuit against the vehicle manufacturer, underscoring the legal challenges consumers face in proving vehicle defects under South Korea’s current product liability law. The accident occurred in [...]
JEJU, South Korea, May 13 (Korea Bizwire) — All eight crew members were rescued from a fishing boat that was capsizing off the coast of the southern island of Jeju on Tuesday, according to officials. According to authorities, a distress signal was received at 6:11 p.m. from the 29-ton fishing vessel approximately 563 kilometers southwest [...]
SEOUL, May 12 (Korea Bizwire) — The Navy vowed efforts Monday to prevent a possible recurrence of an oil leak after thousands of liters of fuel accidentally spilled into the sea during a weekend naval operation. A total of 8,400 liters of diesel spilled into waters off the southern port city of Jinhae, some 310 [...]
SEOUL, May 9 (Korea Bizwire) — The government-led investigation into a major data breach at SK Telecom Co. is expected to release its findings by the end of June, Minister of Science and ICT Yoo Sang-im said Friday. The breach, which occurred on April 18, involved a large-scale leak of universal subscriber identity module (USIM) [...]
SEOUL, May 8 (Korea Bizwire) – Unionized intracity bus workers in Seoul, Busan, Incheon, Gyeonggi Province and 18 other regions nationwide on Thursday threatened to go on a simultaneous general strike late this month, if their wage negotiations with management break down. The bus workers, all affiliated with the Korean Automobile & Transport Workers’ Federation, [...]
SEOUL, May 7 (Korea Bizwire) — South Korean esports powerhouse T1 has issued a strong statement distancing its star player, Lee Sang-hyeok—better known as Faker—from political endorsements after a presidential candidate used a pose associated with the gamer in official campaign materials. The controversy erupted after Kim Moon-soo, a presidential contender from the ruling People Power [...]
SEOUL, May 7 (Korea Bizwire) — The South Korean football league said Wednesday it will consider opening disciplinary proceedings against a coach for shoving a player in an on-field meltdown. The Korea Professional Football League (K League) said it was reviewing an incident involving Gwangju FC head coach Lee Jung-hyo and one of his players, [...]