Showing posts with label south. Show all posts
Showing posts with label south. Show all posts

Wednesday, March 20, 2013

South Korea Cyber Attack Heightens Tensions In Hair-Trigger Region

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No one is at all clear at all about the origins of a purported cyber attack against South Korean media and financial organizations yesterday, which left broadcaster and bank networks paralyzed for hours. The obvious culprit is a state-sponsored attack from North Korea, but even if that nation isn't directly responsible, it may not make a difference, given the heightened tensions in the region.

According to reports, three South Korean TV networks, KBS, MBS and YTN, as well as Shinhan Bank and Nonghyup Bank, reported that their networks had suddenly been shut down on Wednesday afternoon, local time. The takedown was apparently not from a distributed denial-of-service (DDOS) attack, but a virus that has apparently infected machines in these organizations and delivered its payload simultaneously. There were scattered reports of users seeing skulls on the screens of the affected machines before they shut down, anecdotal evidence that malware was indeed the cause.

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Friday, March 15, 2013

This Futuristic Korean Real Estate Project Is On The Verge Of Collapse

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The "Dream Hub" in Seoul was supposed to be a "city within a city" — home to a dozen skyscrapers, waterfront parks, and business and residential facilities.

But the $28 billion project, officially called the Yongsan International Business District, is on the line after developers defaulted on a major loan repayment amid a real estate slump, AFP reports.

We won't know whether the project will go bankrupt until June, when another round of loans matures.

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