SEOUL, Oct. 19 (Korea Bizwire) – A total of 2,154 infants born in the country between 2015 and 2022 were not documented after birth, the state audit agency said Thursday. The Board of Audit and Inspection (BAI) disclosed the findings during its routine audit of the health ministry, in the wake of a series of [...]
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 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 [...]
SEOUL, Oct. 18 (Korea Bizwire) – A local businessman has been apprehended for assisting the operation of a North Korean restaurant in a Southeast Asian country and communicating closely with a North Korean spy stationed there, the Seoul Metropolitan Police Agency (SMPA) said Wednesday. The 52-year-old businessman, who runs an IT program company in South Korea, [...]
SEOUL, Oct. 18 (Korea Bizwire) – With the first anniversary of the Itaewon tragedy just 10 days away (on October 29), there has been a lot of talk on social media about how to celebrate Halloween. Halloween is a significant occasion for businesses like stores, theme parks, and hotels. However, not all have chosen to make the [...]
SEOUL, Oct. 18 (Korea Bizwire) – More than half of this year’s apartment buyers are in their 30s and 40s, and there is a growing preference for ‘chopuma’—a term used to describe apartment complexes adjacent to elementary schools. According to the Korea Real Estate Board on Tuesday, the total number of individuals who purchased apartments nationwide in [...]
SEOUL, Oct. 16 (Korea Bizwire) — A total of 4,481 people have fallen victim to home rental scams this year, with their combined financial damage reaching 510.5 billion won (US$377.3 million), police data showed Monday. Police apprehended 2,582 suspects of so-called jeonse scams but were only able to retrieve 22.6 percent, or 115.3 billion won, [...]