SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s Supreme Court has ordered Pizza Hut Korea to refund 21.5 billion won (about $16 million) to franchise owners, ruling that the company illegally collected undisclosed margin-based fees without explicit contractual consent—a decision expected to reverberate across the country’s franchise industry. In a final ruling issued Thursday, the Supreme [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s Supreme Court has ruled for the first time that companies may be exempt from statutory damages for data breaches if they can demonstrate that customers suffered no actual harm, a decision that could reshape corporate liability in personal data cases. In a ruling finalized last month and disclosed [...]
SEOUL, Jan. 15 (Korea Bizwire) — A growing number of young teachers in South Korea are reconsidering teaching as a lifelong career, with a sharp decline in those planning to stay in the profession until retirement following the widely publicized death of an elementary school teacher in 2023, a new academic study has found. The findings, [...]
SEOUL, Jan. 15 (Korea Bizwire) — Nearly one in three mid-sized companies in South Korea say regulatory burdens intensify and government support diminishes as they grow, hampering their ability to scale up, according to a new business survey released Wednesday. The findings, published by the Korea Employers Federation (KEF), highlight mounting concerns that the country’s so-called [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s postal service said it is seeking to broaden its role in public administration and logistics as part of a sweeping effort to shore up its finances and reposition itself as a platform for delivering government and social services. The Korea Post said at a policy briefing on Tuesday [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s customs authority said it will tighten identity verification for overseas online purchases next month, adding a new layer of checks to curb the misuse of personal customs clearance numbers following a series of data theft incidents. The Korea Customs Service said Wednesday that starting Feb. 2 it will [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korea’s retail investors are increasingly positioning themselves against rising oil prices and a surging stock market, even as geopolitical tensions and earnings momentum continue to push both higher. Data from the Korea Exchange show that individual investors have poured money this month into inverse exchange-traded notes and funds tied [...]
SEOUL, Jan. 14 (Korea Bizwire) — LG Electronics said Wednesday that it has won a MotorTrend-hosted innovation award for the second consecutive year, underscoring its growing role in shaping the future of software-defined vehicles. The company was recognized at the 2026 Software-Defined Vehicle (SDV) Innovator Awards, organized by MotorTrend, one of the most influential automotive media [...]
SEOUL, Jan. 14 (Korea Bizwire) — Household lending by South Korean banks declined in December for the first time in nearly a year, signaling the early impact of tighter government controls aimed at cooling an overheated housing market in the Seoul metropolitan area. Outstanding household loans at banks totaled 1,173.6 trillion won ($795 billion) at the [...]
DAEJEON, Jan. 14 (Korea Bizwire) — South Korean researchers have developed an artificial intelligence–based system that can objectively detect depression and assess treatment effects by analyzing everyday behavior, a breakthrough that could pave the way for more precise mental health diagnosis and care. According to Korea Advanced Institute of Science and Technology, a research team led [...]