SEOUL, April 6 (Korea Bizwire) — In a moment of profound constitutional gravity, South Korea’s Constitutional Court delivered a unanimous verdict to remove former President Yoon Suk Yeol from office, marking the culmination of a tumultuous political saga that has gripped the nation since late 2024. The Court’s 7,200-character decision, publicly read by acting Chief Justice [...]
SEOUL, April 6 (Korea Bizwire) — Short selling activity in South Korean amounted to 6.4 trillion won (US$4.38 billion) in the first week after a more than a yearlong ban was lifted, the bourse operator said Sunday. Last Monday, short selling was allowed for all listed firms following a suspension imposed in November 2023 after [...]
SEOUL, April 6 (Korea Bizwire) — In the aftermath of former President Yoon Suk-yeol’s impeachment earlier this year, a faction of his staunch supporters has turned against South Korea’s mainstream media, embracing conspiracy theories and fringe platforms as primary sources of information. These supporters, whose political fervor transcends traditional left-right divisions, have vilified journalists at public [...]
SEOUL, April 5 (Korea Bizwire) — The ousting of President Yoon Suk Yeol by South Korea’s Constitutional Court on April 4 has intensified political and societal divisions across the nation. The unanimous decision upheld Yoon’s impeachment over his December 2024 declaration of martial law, citing severe constitutional violations. Yoon’s attempt to deploy military forces [...]
SEOUL, April 5 (Korea Bizwire) — Hyundai Motor Co. will freeze prices of all new vehicles sold in the United States through early June, a move aimed at easing consumer concerns over rising costs following Washington’s imposing of25 percent duties on all imported vehicles, the automaker’s American subsidiary said. Hyundai Motor America (HMA) said in [...]
SEOUL, April 4 (Korea Bizwire) — The Constitutional Court’s ruling on Friday to remove President Yoon Suk Yeol from office has created the first presidential leadership vacuum in South Korea in eight years, casting fresh uncertainty over the country’s already fragile economy. While the decision resolves months of political limbo that began with the declaration of [...]
SEOUL, April 4 (Korea Bizwire) — In a scientific breakthrough that could shape the next generation of vaccines and gene therapies, South Korean researchers have, for the first time, uncovered the precise mechanisms by which messenger RNA (mRNA) vaccines operate inside human cells. The discovery, published this week in the journal Science, comes from a team [...]
SEOUL, April 4 (Korea Bizwire) — The rise of AI-powered image generation, propelled by the widespread use of tools like ChatGPT, is redefining the competitive landscape of artificial intelligence and signaling a shift away from text-only models. According to sources in the ICT industry, OpenAI surpassed 500 million ChatGPT users shortly after launching its image [...]
SEOUL, April 3 (Korea Bizwire) — South Korea’s economy will likely face headwinds as the U.S. administration’s plan to impose “reciprocal” tariffs is expected to deal a severe blow to the country’s shipments to the United States, while seriously disrupting the global market that may again adversely affect South Korean exports, local experts said. They [...]
SEOUL, April 3 (Korea Bizwire) — In a breakthrough that could broaden access to spinal care, South Korean researchers have developed an artificial intelligence model capable of diagnosing lumbar spinal stenosis using standard X-ray images—eliminating the need for costly and time-intensive MRI scans. A research team led by Professor Chang-Hyun Lee from the Department of [...]