SEOUL, Dec. 5 (Korea Bizwire) — Woori Bank has begun displaying Bitcoin price data alongside exchange rates and stock indexes on the electronic board inside its main dealing room in central Seoul, the bank said Friday — a first among South Korea’s commercial banks and a notable sign of the industry’s growing embrace of digital assets. [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea has moved to close a long-criticized legal loophole that allowed parents who abandoned or failed to care for their children to later claim financial benefits after the child’s death. The National Assembly has passed an amendment to the National Pension Act that blocks such parents from receiving survivor [...]
BUSAN, Dec. 5 (Korea Bizwire) — More than half of Busan residents say they feel heavily burdened by their children’s education expenses, which now average 860,000 won (about $660) per month, according to the city’s latest annual social survey. The 2025 Busan Social Survey, released Friday and based on responses from 31,774 residents, paints a detailed [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea’s household wealth gap widened last year, driven largely by sharp gains in real estate values, according to a nationwide financial welfare survey released on Thursday by the Bank of Korea, the National Data Policy Office, and the Financial Supervisory Service. As of March 2025, the average household’s net [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korean e-commerce giant Coupang is facing intensifying scrutiny after a major data leak revealed that significant portions of its Korean-language service were built and maintained by foreign developers, including sizable teams based in China. The primary suspect in the breach is a former Chinese employee who worked on the [...]
POHANG, Dec. 5 (Korea Bizwire) — The successful fourth launch of South Korea’s homegrown Nuri rocket has had an unexpected beneficiary: Pohang University of Science and Technology (Postech). According to the university on Thursday, the surge in attention began after Park Jong-chan, 53, head of the Korea Aerospace Research Institute’s Nuri rocket advancement program, appeared at [...]
SEOUL, Dec. 5 (Korea Bizwire) — More than half of South Koreans watch news on YouTube every day, and a growing share now views content produced by non-traditional creators — individuals and small businesses — as legitimate news media, according to new research presented at a national policy forum on Thursday. The survey, conducted in August [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea will soon allow health authorities to obtain real-time information on medical staffing at hospitals and clinics during national emergencies, under a revised law passed by the National Assembly this week. The amendment to the Health and Medical Workforce Support Act, approved on December 2 and set to take [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korea’s two largest chipmakers, Samsung Electronics and SK Hynix, have completed preparations to supply Nvidia with next-generation high-bandwidth memory (HBM4), positioning themselves for what is expected to be a pivotal year in the fast-expanding AI memory market. Samsung recently finished its final performance review — known as PRA — [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korean authorities have concluded that artificial intelligence systems that train on entire news articles or textbooks without permission are infringing copyright, marking the government’s strongest stance yet on data use in the AI era. At a public briefing on Thursday, the Ministry of Culture, Sports and Tourism and the [...]