SEOUL, Dec. 10 (Korea Bizwire) – The growth in South Korea’s employment insurance registrations reached its lowest point in nearly four years, highlighting a slowdown in the labor market as the country faces a range of economic headwinds. According to the Ministry of Employment and Labor, the number of regular employment insurance subscribers increased by [...]
SEOUL, Dec. 10 (Korea Bizwire) – The proportion of single-person households in South Korea surpassed 35% in 2023, reaching an all-time high, according to a report released by Statistics Korea on December 9. This shift reflects broader societal changes, including aging demographics and evolving living arrangements. Single-person households totaled 7.83 million last year, accounting for [...]
SEOUL, Dec. 10 (Korea Bizwire) – South Korea’s economy is grappling with mounting challenges, as domestic construction downturns and global trade uncertainties weigh heavily on growth prospects, according to a report by the Korea Development Institute (KDI) on December 9. While the report notably avoided direct mention of the ongoing political turmoil surrounding President Yoon [...]
SEOUL, Dec. 10 (Korea Bizwire) – Major South Korean cryptocurrency exchanges have initiated compensation procedures for service disruptions that occurred during the December 3 martial law crisis. The exchanges are accepting compensation claims to minimize investor losses caused by access problems and delayed transactions, with some already having completed partial reimbursements. According to industry sources, leading exchanges [...]
ULSAN, Dec. 10 (Korea Bizwire) – The city of Ulsan is embarking on an ambitious project to develop autonomous manufacturing technology based on Software-Defined Factory (SDF) systems, aimed at advancing its automotive industry capabilities. The initiative kicks off with a two-day technical conference and workshop at the Westin Josun Busan beginning December 9, focusing on core AI [...]
World’s First Voice-Activated Platform That Books and Manages Trips— Hotels and restaurants —With Cultural Finesse SHIBUYA, Japan, Dec. 10 (Korea Bizwire) — BeyondBrain, a visionary force in travel technology, proudly introduces Lumi AI Travel Agent, the world’s first voice-activated platform designed to fully secure hotels worldwide, and reserve tables at select restaurants in Thailand and Japan—all [...]
BIRMINGHAM, Ala., Dec. 9 (Korea Bizwire) — We are excited to share that Harbert Management Corporation (“HMC”) has been voted one of the Best Places to Work in Money Management for the sixth consecutive year. Presented by Pensions & Investments, the global news source of money management and institutional investing, the survey and recognition program [...]
New LinkIQ Duo combines cable, Wi-Fi, and network testing in one easy-to-use solution Everett, Washington, Dec. 9 (Korea Bizwire) — Fluke Networks today announced the availability of the LinkIQ™ Duo Cable+WiFi+Network Tester, which combines the company’s trusted cabling qualification with Wi-Fi 6E network testing and analysis into a single, simple-to-use solution, eliminating the need for technicians [...]
SEOUL, Dec. 9 (Korea Bizwire) – South Korea’s real estate market is grappling with uncertainty following the December 3 emergency martial law and the subsequent impeachment proceedings against President Yoon Suk-yeol. Political instability, coupled with tightened loan regulations, has dampened buyer sentiment, raising fears of a prolonged downturn in the housing sector. Apartment transactions in [...]
SEOUL, Dec. 9 (Korea Bizwire) — The Seoul city government said Monday it will expand the operation of late-night taxis and extend the operation hours of buses until the year-end to meet the surge in demand from year-end gatherings. The city plans to supply 1,000 additional night cabs and set up temporary taxi stops in [...]