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Sk Group Chair Apologizes For Telecom Data Breach
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On May 7, SK Group Chairman Chey Tae-won issued an apology regarding a recent cyberattack on SK Telecom that resulted in the theft of customer USIM information. This was his initial public statement about the incident, which took place 19 days prior. “I genuinely extend my apologies to all those who faced inconveniences because…
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SK Group chair apologizes for telecom data breach
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On May 7, SK Group Chairman Chey Tae-won issued an apology regarding a recent cyberattack on SK Telecom that resulted in the theft of customer USIM information. This was his initial public statement about the incident, which took place 19 days prior. “I genuinely extend my apologies to all those who faced inconveniences because…
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S. Korea’s Used Car Exports Soar: SME Sales Triple in Just Six Years
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The used car export sector in South Korea is experiencing rapid growth, with yearly sales climbing to 7 trillion won ($5 billion) and still increasing. Historically dominated by small and medium-sized businesses (SMBs), this industry is achieving record levels due to multiple advantageous external factors such as a robust U.S. dollar, growing worldwide appreciation…
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South Korea’s Top Two Cinema Chains Set to Merge: A Blockbuster Move
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Lotte Cinema and Megabox, which rank as the second and third largest cinema chains in South Korea, are considering merging due to challenges faced by the nation’s film projection sector struggling to bounce back from a significant drop in viewership. This downturn has been largely attributed to the increasing popularity of streaming services such…
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Ethiopia and Korea Strengthen Bonds Through Innovative and Inclusive Development Strategies
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On May 8, 2025, Addis Ababa – The Ethiopian Ministry of Finance organized a high-level Development Cooperation Policy conference where Ethiopia and South Korea reinforced their robust partnership. ENA reported this news. Marking more than seven decades of diplomatic ties, with Ethiopia having contributed to Korea during the Korean War, both nations pledged to…