SEOUL, Dec. 3 (Korea Bizwire) — President Lee Jae-myung on Wednesday marked the first anniversary of the failed Dec. 3 coup attempt by declaring that the South Korean people “have every right to receive the Nobel Peace Prize” for defending democracy against an illegal military intervention. In a nationally televised address titled “First Anniversary of [...]
SEOUL, Dec. 3 (Korea Bizwire) — Seoul’s luxury housing market posted one of the world’s sharpest price increases over the past year, rising more than 25 percent and ranking second among major global cities, according to new data released Tuesday. In its latest Prime Global Cities Index, British property consultancy Knight Frank reported that prices for [...]
SEOUL, Dec. 3 (Korea Bizwire) — A new study suggests that while health apps and online wellness advice have proliferated in South Korea, a significant share of the population—especially older adults—lacks the ability to properly access, interpret and use digital health information. Researchers at Samsung Medical Center’s Clinical Epidemiology Research Center and the Quality of Life [...]
SEOUL, Dec. 3 (Korea Bizwire) — Artificial intelligence–powered home appliances have rapidly moved from novelty to necessity in South Korea, with online reviews of such products increasing more than 250-fold over the past five years, according to new industry data. A study released Wednesday by CEO Score, a corporate data research firm, found that reviews of [...]
SEJONG, Dec. 3 (Korea Bizwire) — A majority of South Koreans say they feel unsafe about the risk of personal data breaches, reflecting rising anxiety amid a surge in hacking incidents and expanding digital services, according to new government data. The latest Social Survey from the National Data Office shows that 57.6 percent of respondents last [...]
SEOUL, Dec. 3 (Korea Bizwire) — South Korea’s construction downturn is continuing to weigh heavily on the nation’s banks, with major lenders reporting persistently high levels of bad loans tied to the troubled sector. According to third-quarter disclosures released on Wednesday, the country’s five major banks — KB Kookmin, Shinhan, Hana, Woori and NH NongHyup — [...]
SEOUL, Dec. 3 (Korea Bizwire) — Apple held its first “Apple Game Showcase” in South Korea on Tuesday, signaling a stronger bid to position the iPhone, iPad and Mac as serious gaming devices in a market long dominated by Android phones. The event, staged at Stage X Seongsu in eastern Seoul, featured five major Korean developers [...]
SEOUL, Dec. 3 (Korea Bizwire) — LG Electronics said Tuesday it is expanding its global free ad-supported streaming television (FAST) service, LG Channel, into the Middle East for the first time, launching in the United Arab Emirates this month. The rollout extends LG’s FAST footprint—which already spans Asia, North America, Europe and Latin America—into another major [...]
SEOUL, Dec. 2 (Korea Bizwire) — Two senior Coupang executives sold tens of millions of won worth of company stock shortly after a massive data breach occurred — but before the company acknowledged the incident — raising concerns about potential insider trading. According to a Dec. 2 filing with the U.S. Securities and Exchange Commission (SEC), [...]
SEOUL, Dec. 2 (Korea Bizwire) — President Lee Jae-myung on Tuesday condemned Coupang’s massive data breach and instructed his cabinet to swiftly determine the cause and impose strict accountability, calling the incident “astonishing” both in scale and in the company’s failure to detect the leak for nearly five months. Speaking at a Cabinet meeting in Seoul, [...]