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Cause of KT Building Fire Remains a Mystery Despite Two Months of Probe

Cause of KT Building Fire Remains a Mystery Despite Two Months of Probe

SEOUL, Jan. 18 (Korea Bizwire) — The cause of a calamitous fire that engulfed a Seoul switching station of telecom giant KT Corp. two months ago remains elusive despite intensive investigations by police, forensic experts and firefighters, a police report said Friday. The report released by Rep. Kim Young-ho of the ruling Democratic Party said [...]

New Law Obligates Mobile Carriers to Offer Compensation for Network Outages

New Law Obligates Mobile Carriers to Offer Compensation for Network Outages

SEOUL, Nov. 30 (Korea Bizwire) — A bill that obligates mobile service providers to compensate for network errors passed the Science, ICT, Broadcasting, and Communications Committee at the National Assembly on Thursday. The news comes after KT Corp.’s Ahyeon Branch Office in Seoul recently caught fire, shutting down mobile and Internet network traffic in the [...]

KT Fire Leaves Dent in South Korea’s IT Reputation

KT Fire Leaves Dent in South Korea’s IT Reputation

SEOUL, Nov. 26 (Korea Bizwire) — A fire that broke out at KT Corp.’s Ahyeon branch on Saturday created havoc in the Seodaemun and Mapo districts, leaving the area’s smartphone users without Internet access for hours. Large masses of the population have become heavily reliant on their phones for not only calls and messages but [...]

S. Korea to Slap Penalties on Defect Coverups by Carmakers

S. Korea to Slap Penalties on Defect Coverups by Carmakers

SEOUL, Sept. 6 (Korea Bizwire) — The South Korean government said Thursday it will impose penalties on carmakers that cover up manufacturing defects and fine them for delayed recalls. The move comes in the middle of BMW Korea’s recall of 106,317 vehicles in South Korea to fix a faulty part following dozens of engine fires [...]

BMW Tops List of Registered Imported Cars amid Safety Scandal

BMW Tops List of Registered Imported Cars amid Safety Scandal

SEOUL, Aug. 27 (Korea Bizwire) — German carmaker BMW ranked No. 1 among imported cars registered in South Korea, industry data showed Monday, maintaining its lead despite a string of vehicle fires that have shaken consumer confidence in the brand. According to the data compiled by the Korea Automobile Manufacturers Association and the Korea Automobile [...]