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Korean Tech Firms Reflect on Setback in Government AI Project

Korean Tech Firms Reflect on Setback in Government AI Project

SEOUL, Jan. 30 (Korea Bizwire) — Two major South Korean technology companies that were not selected for the government’s sovereign artificial intelligence initiative said Thursday that the experience nonetheless strengthened their technical capabilities and clarified the challenges of building foundational AI models. Speaking at a New Year gathering for the artificial intelligence and software industry in

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Rise of Single-Person Households Boosts Local Jobs, Study Finds

Rise of Single-Person Households Boosts Local Jobs, Study Finds

SEOUL, Jan. 30 (Korea Bizwire) — The rapid growth of single-person households in South Korea is helping expand local employment, particularly in service industries, while reshaping family support systems for working parents, according to a new study by the Korea Development Institute. The report, released late last year and cited by academics on Thursday, found that

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South Korea Introduces One-Week Parental Leave to Help Working Families

South Korea Introduces One-Week Parental Leave to Help Working Families

SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s National Assembly on Thursday approved a series of labor law revisions aimed at easing short-term child care burdens on working parents and strengthening workplace safety standards, the Labor Ministry said. Under the new measures, employees with children aged 8 or younger — or up to the second grade

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South Korea Passes Semiconductor Support Bill as Chip Industry Gains Global Prominence

South Korea Passes Semiconductor Support Bill as Chip Industry Gains Global Prominence

SEOUL, Jan. 29 (Korea Bizwire) — South Korea’s National Assembly on Thursday approved a special bill designed to expand government support for the country’s semiconductor industry, underscoring the sector’s growing importance to the nation’s export-driven economy. Passed during a plenary session, the legislation establishes a legal framework for developing large-scale semiconductor clusters and strengthening related infrastructure,

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As Gold Prices Hit Record Highs, Seoul’s Jewelry District Sees a Winter Rush

As Gold Prices Hit Record Highs, Seoul’s Jewelry District Sees a Winter Rush

SEOUL, Jan. 29 (Korea Bizwire) — On a bitterly cold January afternoon in central Seoul, the narrow corridors of Jongno’s famed jewelry district were unusually warm — not from heaters, but from the steady flow of customers drawn by soaring gold prices. Inside the tightly packed shops near Jongno 3-ga Station, clerks tapped calculators and weighed

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Government and Industry Join Forces on Green Transformation Plan

Government and Industry Join Forces on Green Transformation Plan

SEOUL, Jan. 29 (Korea Bizwire) — South Korea on Wednesday launched a public-private task force aimed at accelerating its green transition strategy, as the government seeks to meet its 2035 greenhouse gas reduction targets while turning climate action into a new engine of economic growth. The K-GX Task Force — short for Korea Green Transformation —

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Study Links Obesity to Rising Pancreatic Cancer Risk Among Young Adults

Study Links Obesity to Rising Pancreatic Cancer Risk Among Young Adults

SEOUL, Jan. 29 (Korea Bizwire) —  Obesity has emerged as a leading risk factor for pancreatic cancer among young adults, according to a large-scale South Korean study that underscores growing health concerns tied to weight gain in people in their 20s and 30s. Researchers from Samsung Medical Center and Korea University Ansan Hospital tracked more than

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