Seoul, June 10 (Korea Bizwire) — Foreign investors have poured nearly 4 trillion won into South Korea’s stock markets so far this month, igniting fresh optimism that the benchmark KOSPI index could break through the symbolic 3,000-point barrier in the coming weeks. According to financial data provider Yonhap Infomax, foreign investors have recorded net purchases of [...]
SEOUL, June 11 (Korea Bizwire) – As the craze for early English education intensifies in South Korea, tuition at so-called “English kindergartens” — private institutions offering immersive language instruction for preschoolers — has surged significantly over the past year, according to a new report. Data compiled by lawmaker Kang Kyung-sook of the Innovation Party and [...]
SEOUL, June 11 (Korea Bizwire) —As South Korea’s ruling Democratic Party accelerates efforts to legalize and regulate won-based stablecoins, industry insiders warn that a hasty rollout could expose the financial system to disorder and weaken the country’s global competitiveness. In a move reflecting growing pressure from lawmakers, a consortium of major South Korean banks — including [...]
SEOUL, June 11 (Korea Bizwire) — A long-running legal battle between South Korean human rights activists and Google over personal data transparency has come to an end after 11 years, with both parties agreeing to a court-proposed settlement. Under the terms of the agreement, Google will provide South Korean users with improved access to their personal [...]
SEOUL, June 11 (Korea Bizwire) — South Korea’s publishing industry has launched back-to-back lawsuits against Google and Apple in a U.S. federal court, challenging what it claims are exploitative in-app payment commission policies that hurt local content developers and stifle fair competition. The Korean Publishers Association (KPA) and the Korea Electronic Publishing Association (KEPA) jointly announced [...]
SEOUL, June 10 (Korea Bizwire) — South Korean games are taking center stage at Apple’s Worldwide Developers Conference (WWDC) this year, as the tech giant continues to deepen its push into high-performance gaming on Mac devices powered by Apple Silicon. During Monday’s keynote, Craig Federighi, Apple’s Senior Vice President of Software Engineering, unveiled macOS Tahoe [...]
Seoul, June 10 (Korea Bizwire) — Korean Air, Genesis, and Samsung’s Galaxy smartphones topped the list of premium brands most favored by South Korea’s top corporate leaders, according to a new survey released Tuesday by the business journal Hyundai Management. The annual Best Premium Brands survey, based on responses from 100 CEOs at Korea’s 500 largest [...]
SEOUL, June 10 (Korea Bizwire) — South Korea’s National Tax Service (NTS) has launched an aggressive crackdown on 710 chronic tax delinquents who collectively owe more than 1 trillion won (approximately US$730 million), revealing widespread use of fraudulent schemes to hide assets and evade payment. The offenders, flagged for property tracking investigations, used tactics ranging [...]
SEOUL, June 10 (Korea Bizwire) — As momentum builds for the launch of won-backed stablecoins in South Korea, the Bank of Korea (BOK) is mounting a vocal defense of the traditional monetary system, warning that poorly designed frameworks could undermine financial stability and weaken the won’s position as legal tender. The central bank will host [...]
SEOUL, June 10 (Korea Bizwire) — South Korean consumers ranked the dawn delivery market as the most consumer-friendly, while wedding services received the lowest score in a nationwide survey released Tuesday by the Korea Consumer Agency. The findings are part of the agency’s “2024 Consumer Market Evaluation Index,” which assesses how consumer-oriented various markets are [...]