Journalist

Seon Jae kwan
  • Most postal services resume after fire at govt data center
    Most postal services resume after fire at gov't data center SEOUL, September 29 (AJP) - The Korea Post has resumed part of its financial services after a two-day disruption caused by a fire at a state-run data center in Daejeon. However, mail delivery and some administrative systems are still being restored, and full recovery is expected to take more time. The Ministry of Science and ICT said that all financial services including check card payments, internet banking, and ATM transactions, were back to normal as of Sunday night, while mail services, including parcel delivery, are expected to resume by Monday morning. The Korea Post conducted thorough checks to ensure service safety before resuming operations. A swift recovery is crucial to prevent logistical chaos ahead of Chuseok, the country's biggest holiday, which begins later this week. Minister Bae Kyung-hoon expressed regret over the inconvenience caused by the fire at the National Computing and Information Agency, which hosts servers for most government agencies and facilities nationwide including the Korea Post's postal servers. "We will endeavor to fully restore postal services and will continue to update and monitor systems while thoroughly assessing the damage," he said. * This article, published by Economic Daily, was translated by AI and edited by AJP. 2025-09-29 08:59:21
  • Bithumb partners with Trump-backed blockchain company
    Bithumb partners with Trump-backed blockchain company SEOUL, September 23 (AJP) - South Korea’s leading cryptocurrency exchange, Bithumb, has entered into a strategic partnership with World Liberty Financial, a blockchain finance company co-founded by Donald Trump Jr. and his brother Eric Trump. The agreement, announced Monday at Bithumb Financial Tower in Seoul, was formalized through a memorandum of understanding signed by Bithumb’s Chief Executive, Lee Jae-won, and Jack Forkman, a co-founder of World Liberty Financial. Company officials said the partnership would explore new business opportunities and aim to bolster investor confidence worldwide. World Liberty Financial, established earlier this year with the Trump brothers as high-profile co-founders, promotes itself as a digital finance platform built around its governance token, WLFI, which is listed on major exchanges including Bithumb and Binance. The venture has drawn attention both for its technological ambitions and for its ties to the Trump family, whose political prominence has added a degree of visibility — and scrutiny — to the project. “This collaboration with World Liberty Financial marks a significant milestone in enhancing Bithumb’s global competitiveness,” Lee said in a statement. “We will continue to strengthen our strategic network.” * This article, published by Economic Daily, was translated by AI and edited by AJP. 2025-09-23 10:42:05