JEJU, May 14 (Korea Bizwire) — As food delivery fees and dining costs continue to climb, consumers in South Korea’s Jeju Province are turning in growing numbers to Meokkaebi, a government-backed public delivery app offering lower prices and incentives. According to provincial officials on Wednesday, monthly orders on Meokkaebi surged to 62,546 in April 2025, up 431% [...]
SEOUL, May 7 (Korea Bizwire) — South Korean prosecutors have sparked controversy after it was revealed they sought food delivery app records as part of a recent search of former President Yoon Suk-yeol’s private residence, an investigative move that Yoon’s camp condemned as a political ploy to humiliate him and his wife. The detail, disclosed by [...]
SEOUL, May 1 (Korea Bizwire) — Online shopping sales in South Korea gained 2.6 percent from a year earlier in March driven by rising demand for food products and relevant services, data showed Thursday. The value of online shopping transactions stood at 22.42 trillion won (US$15.72 billion) in March, up 576.8 billion won from a [...]
SEOUL, May 1 (Korea Bizwire) — The government on Thursday issued an administrative guidance order instructing SK Telecom Co. to suspend new subscriber sign-ups until it resolves a shortage of universal subscriber identity module (USIM) cards related to a recent company network data breach. The Ministry of Science and ICT said the measure aims to [...]
SEOUL, May 1 (Korea Bizwire) — A major South Korean small business advocacy group is urging the government to reject Google’s repeated requests to export high-precision map data, warning that such a move would threaten national digital sovereignty and jeopardize local jobs in emerging industries. In a strongly worded statement released Tuesday, the Korea Federation [...]
SEOUL, April 30 (Korea Bizwire) — Ryu Young-sang, chief executive officer (CEO) of SK Telecom Co., said Wednesday the company is preparing for the worst-case scenario that a recent cyberattack may have leaked the universal subscriber identity module (USIM) data of all 25 million subscribers. “In the worst-case scenario, we are bracing for it,” Ryu [...]
SEOUL, April 30 (Korea Bizwire) — A recent hacking incident at SK Telecom has triggered a spike in demand for SIM card replacements and mobile number transfers, with some South Korean banks poised to benefit from the unexpected fallout by expanding their budget mobile phone services. According to banking industry officials on Tuesday, KB Kookmin [...]
SEOUL, April 29, (Korea Bizwire) — The fallout from a major hacking incident at SK Telecom is set to trigger a significant environmental cost, with greenhouse gas emissions from mass SIM card replacements projected to reach thousands of tons, according to industry estimates released Monday. Approximately 23 million SK Telecom subscribers and an additional 1.87 [...]
SEOUL, April 23 (Korea Bizwire) — LG Innotek Co., an electronic component manufacturing unit of LG Group, said Wednesday its first-quarter net profit tumbled nearly 40 percent due to waning demand and intensifying competition. In a regulatory filing, the company reported a net income of 85.6 billion won (US$60.1 million) for the January-March period, down [...]
SEOUL, April 21 (Korea Bizwire) — Samsung Electronics Co. said Monday its Galaxy smartphone camera technology has contributed to coral reef restoration efforts led by U.S.-based researchers and environmental activists. The company has been conducting the “Coral in Focus” project for about a year in collaboration with the U.S. nonprofit organization Seatrees and the University [...]