SEOUL, Nov. 29 (Korea Bizwire) — One in three South Korean consumers has experienced issues while shopping online, a government survey showed Friday, underscoring the need for improved consumer protection from e-commerce operators. The survey, conducted on 2,000 local consumers, showed that 29.4 percent of the people shopping on local e-commerce platforms and 28.3 percent [...]
SEOUL, Nov. 29 (Korea Bizwire) – Despite the government’s initiatives to boost corporate value, the return on equity (ROE) of South Korea’s top companies has plummeted over the past three years, with average ROE nearly halving. ROE, a critical metric for evaluating value enhancement, measures net income relative to shareholder equity, reflecting how effectively a [...]
SEOUL, Nov. 29 (Korea Bizwire) — Seventy-six artificial intelligence-based digital textbooks have been certified for classroom use for the first time, covering elementary to high school students, the education ministry said Friday. The textbooks, which were listed in the official gazette, are for the subjects of math, English and information for elementary school grades 3 [...]
SEOUL, Nov. 29 (Korea Bizwire) – Major South Korean pay TV operators are implementing voluntary retirement programs amid deteriorating business conditions, drawing criticism for shifting the burden of financial challenges onto workers. Following LG HelloVision, the country’s largest cable TV operator by subscribers, both Skylife and HCN have announced voluntary retirement plans. Skylife revealed its program during [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s military said Friday North Korea has sent around 40 balloons filled with trash across the border into the South since the previous night, with most of them landing in the broader capital area. The Joint Chiefs of Staff said it discovered about 30 of the balloons launched [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s industry ministry on Friday hosted a session to discuss strategies for applying quantum computing technologies in industries, including biohealth, chemical and materials. The event at Yonsei University, attended by government, business and academic officials, came as the government aims to offer tailored support for the initiative, according [...]
SEOUL, Nov. 29 (Korea Bizwire) — The shipyard industry of the United States is willing to work with its South Korean counterpart to improve efficiencies, a U.S. shipbuilders’ trade group has said, as U.S. President-elect Donald Trump seeks closer bilateral ties in the sector. In his phone conversation with South Korean President Yoon Suk Yeol [...]
SEOUL, Nov. 29 (Korea Bizwire) — Hanhwa Ocean Co. said Friday it has signed a strategic cooperation agreement with Britain’s Babcock International Group for joint global naval export projects. Under the agreement signed Thursday, Hanwha Ocean and Babcock will cooperate on joint submarine exports to Canada and Poland. They also agreed to provide customized solutions [...]
SEOUL, Nov. 29 (Korea Bizwire) — The KT Wiz have re-signed starting pitcher William Cuevas for their seventh season together. The Wiz announced Friday that Cuevas agreed to a new one-year contract worth US$1.5 million. The Venezuelan right-hander has pitched for the Wiz since 2019. He was cut after two games in 2022 due to [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea dropped a spot to No. 23 in the latest FIFA men’s rankings released on Friday. According to FIFA, South Korea fell to No. 23 with 1,585.45 points, down from 1,589.93 points. South Korea had a win and a draw in their two most recent matches, beating Kuwait [...]