SEOUL, Sept. 23 (Korea Bizwire) – A single report from global investment bank Morgan Stanley has sent shockwaves through the South Korean stock market, underscoring the outsized influence of foreign financial institutions on the country’s equities. On September 20, shares of SK Hynix, the world’s second-largest memory chip maker, closed at 157,100 won after plummeting as [...]
SEOUL, Sept. 23 (Korea Bizwire) – A recent incident involving South Korean soldiers sharing classified military passwords with civilian moneylenders has raised serious concerns about security breaches within the nation’s armed forces. According to military authorities on September 22, these classified passwords, known as “challenge and response” codes, are designated as Level 3 secrets under the [...]
SEOUL, Sept. 23 (Korea Bizwire) – In a significant step towards international standardization of urban infrastructure, South Korean-style street signs are set to appear in Ulaanbaatar, the capital of Mongolia, marking the first overseas implementation of South Korea’s addressing system. The South Korean Ministry of the Interior and Safety announced on September 22 that Minister Lee [...]
SEOUL, Sept. 23 (Korea Bizwire) – Samsung Electronics has announced a strategic partnership with IKEA to integrate the Swedish furniture giant’s smart home devices into Samsung’s SmartThings ecosystem, marking a significant step towards a more unified smart home experience. According to Samsung’s newsroom on September 22, this collaboration will enable users to control IKEA’s smart devices, [...]
SEOUL, Sept. 23 (Korea Bizwire) – A recent survey has revealed that more than 80% of South Korean workers believe subcontracted laborers do not receive fair treatment, highlighting deep-seated concerns about labor practices in Asia’s fourth-largest economy. The civic group Gabjil 119, which combats workplace abuse, commissioned the poll conducted by Global Research. The survey, which [...]
SEOUL, Sept. 23 (Korea Bizwire) – In a groundbreaking decision, Nexon Korea has agreed to compensate 800,000 players of its popular game MapleStory with 21.9 billion won worth of Nexon Cash, the company’s virtual currency that can be converted to real money. This compensation comes in response to allegations that the company manipulated probabilities for in-game [...]
SEOUL, Sept. 21 (Korea Bizwire) –New allegations have emerged regarding the Korean Football Association’s (KFA) recent appointment of a national team coach, casting a shadow over the selection process. On September 19, a figure identifying himself as the CEO of JP Sports Group, Pietro Jun, took to social media to voice concerns about the KFA’s [...]
SEOUL, Sept. 21 (Korea Bizwire) – A recent revelation that dolsot bibimbap, a traditional Korean dish, was designated as an intangible cultural heritage in China’s Jilin Province three years ago has sparked controversy and raised concerns about cultural appropriation. The Jilin Provincial Government approved a total of 65 items as provincial-level intangible cultural heritage in December [...]
SEOUL, Sept. 21 (Korea Bizwire) – A recent survey has revealed that one in five South Korean adults believes the government’s decision to designate October 1st, Armed Forces Day, as a temporary public holiday is inappropriate. Polling firm PMI announced on September 20 that it had surveyed 3,000 South Koreans aged 20-69 about their thoughts on [...]
SEOUL, Sept. 20 (Korea Bizwire) – In a unique display of consideration for her upcoming concert’s impact on the local community, popular South Korean singer IU has gifted garbage bags to residents living near Seoul World Cup Stadium, where she is set to perform this weekend. On September 19, a post titled “IU’s Thoughtfulness” appeared on [...]