SEOUL, March 26 (Korea Bizwire) — A South Korean court has ordered an examination of vehicle component data in a high-profile lawsuit involving an apartment security guard who crashed a Mercedes-Benz while moving the vehicle for parking management. The case centers on allegations of sudden unintended acceleration. On Tuesday, Judge Jeong Sun-hee of the Seoul [...]
SEOUL, March 25 (Korea Bizwire) — Wildfires ravaging South Korea’s southeastern region forced more residents to evacuate Tuesday, as firefighting authorities struggled to contain the rapidly spreading blazes that destroyed a centuries-old temple. The fires that began in Sancheong County in the southeast on Friday have spread to nearby Uiseong, and were advancing to neighboring [...]
SEOUL, March 25 (Korea Bizwire) — South Korea’s elderly poverty rate remains the highest among OECD nations, according to the “Korea SDG Implementation Report 2025″ released by Statistics Korea on March 24. The comprehensive report, which analyzes Korea’s progress on 17 sustainable development goals through comparisons with other OECD countries, reveals both improvements and persistent [...]
SEOUL, March 25 (Korea Bizwire) — Rescue workers have stepped up efforts to find a motorcyclist who fell into a large sinkhole that suddenly appeared in Seoul and left another person injured, officials said. The 20-meter-wide and 20-meter-deep sinkhole abruptly appeared Monday at an intersection near an elementary school in Gangdong Ward, eastern Seoul, at [...]
SEOUL, March 23 (Korea Bizwire) — South Korea recorded its highest-ever number of trade dispute mediation cases in 2024, driven largely by a surge in conflicts involving online platforms, according to data released on Sunday by the Korea Fair Trade Mediation Agency (KFTMA). The agency reported receiving 4,041 mediation requests last year, marking a 16% increase [...]
SEJONG, March 24 (Korea Bizwire) — More than 160 people died or went missing in maritime accidents in South Korea last year, government data showed Monday. In 2024, 3,255 maritime accidents occurred in the country, up 5.3 percent from 2023, according to the data compiled by the Ministry of Oceans and Fisheries. In the accidents, [...]
SEOUL, March 21 (Korea Bizwire) — Bank of Korea (BOK) Gov. Rhee Chang-yong on Friday called for reforming South Korea’s college entrance system in order to nurture talents capable of leading innovations. Rhee made the point during the opening ceremony of a research institute on population and talent issues at Yonsei University in Seoul. “Leading [...]
SEOUL, March 20 (Korea Bizwire) – Owners of small businesses in South Korea typically operate for an average of 6 years and 6 months before closing shop, accumulating approximately 100 million won in debt during their business lifecycle, according to findings released today by the Korea Federation of SMEs. The data comes from a survey of [...]
SEOUL, March 20 (Korea Bizwire) — As phone-based phishing scams grow increasingly sophisticated, South Koreans are turning in droves to “Citizen Conan,” an anti-phishing app operated by the National Police Agency. According to mobile analytics firm IGAWorks Mobile Index, the number of Citizen Conan users surged by 215.9% in February, reaching 1.39 million, compared to [...]
SEOUL, March 20 (Korea Bizwire) — A new study has revealed that chief executive officers with management and finance backgrounds are increasingly taking the helm at South Korea’s largest corporations, while those with technical expertise are becoming less common in the boardroom. According to data released on Wednesday by CEO Score, a corporate research firm, the proportion [...]