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Corporate Earnings Forecast to Be Higher Than Expected: Brokerage Firms

Corporate Earnings Forecast to Be Higher Than Expected: Brokerage Firms

SEOUL, May 28 (Korea Bizwire) – South Korean companies’ earnings for the year are forecast to be higher than earlier expected on the back of improving conditions, industry data showed Sunday.  According to the data compiled by industry tracker FnGuide, the combined earnings of listed firms here are estimated at 143.59 trillion won (US$128 billion) [...]

New Administration Treads Carefully Towards Peace Talks with North Korea

New Administration Treads Carefully Towards Peace Talks with North Korea

SEOUL, May 26 (Korea Bizwire) – “Moonshine Policy” is what the media have dubbed President Moon Jae-in’s stance towards North Korea, taken from late President Kim Dae-jung’s famous Sunshine Policy that earned him the Nobel Peace Prize in 2000.  After over nine years of rule at the hands of two conservative presidents, South Korea has a [...]

Suicide of Female Naval Officer Sparks Outrage After Reports of Sexual Assault

Suicide of Female Naval Officer Sparks Outrage After Reports of Sexual Assault

SEOUL, May 27 (Korea Bizwire) – A South Korean female navy officer was found hanged to death by her colleagues in an apparent suicide Wednesday, and revelations from an investigation into her death that she had been sexually assaulted have come to light, causing a public outcry. In a memo found in the navy officer’s room, [...]

Korea Consumer Agency to Protect International Online Shoppers

Korea Consumer Agency to Protect International Online Shoppers

SEOUL, May 26 (Korea Bizwire) – The Korea Consumer Agency (KCA) has signed a business agreement with Singapore and Hong Kong, which will ensure safe online shopping for consumers from each country, the organization said yesterday. The KCA’s move to work with the Consumers Association of Singapore (CASE) and the Hong Kong Consumer Council (HKCC) will [...]

Biometric Authentication Under Fire After Samsung Galaxy S8 Iris Scanner Hack

Biometric Authentication Under Fire After Samsung Galaxy S8 Iris Scanner Hack

SEOUL, May 26 (Korea Bizwire) – The recent news of the Samsung Galaxy S8’s iris scanner hack came as quite a shock to South Koreans, who have seen a growing number of commercial banks adopt the new biometric authentication method for their mobile banking services.  According to reports, the German Chaos Computer Club (CCC) fooled [...]