SEOUL, Nov. 25 (Korea Bizwire) – Following the devastating Mercedes-Benz EQE fire in an Incheon apartment complex parking garage last August, which damaged approximately 800 vehicles, concerns about rising auto insurance premiums have become reality, even as traffic accidents and fatalities decline. According to the Korea Automobile Citizens’ Association, traffic fatalities have dropped by half, from [...]
SEOUL, Nov. 25 (Korea Bizwire) – A provision to exempt semiconductor R&D workers from South Korea’s 52-hour workweek regulation faces potential elimination from the proposed Semiconductor Industry Special Act, dealing another blow to efforts to reform the country’s strict labor laws. According to parliamentary sources on November 24, the National Assembly’s Trade, Industry, Energy, SMEs, and [...]
SEOUL, Nov. 25 (Korea Bizwire) – With movie theaters in South Korea looking to diversify their content offerings, live recordings of musicals are emerging as an unexpected box office draw, potentially marking a new chapter for the industry. Leveraging their large screens as a key advantage, theaters are expanding beyond traditional films to showcase a variety [...]
Algorized has been named to Fast Company’s 2024 Next Big Things in Tech list for its AI-powered people-sensing platform, marking its second nomination in two years. BERKELEY, Calif., Nov. 24 (Korea Bizwire) – Algorized, an AI-powered platform pioneering advanced people-sensing and positioning software platform, today announced that it has been named to Fast Company’s fourth annual Next Big Things in Tech list, honoring [...]
Vessels represent a unique opportunity to acquire versatile, robust assets suitable for a range of maritime applications Sydney, Nov. 24 (Korea Bizwire) – Gordon Brothers, the global asset experts, is offering for sale by private treaty two commercial vessels, the A.M.S. Swissco and A.M.S. 1806, presenting a unique opportunity for buyers seeking versatile, robust assets suitable [...]
LOS ANGELES, Nov. 22 (Korea Bizwire) – The Goldstein House, an architectural gem perched in the affluent hills of Los Angeles, traded its usual Hollywood glamour for automotive innovation on November 21 as Hyundai unveiled its first large electric SUV, the Ioniq 9, to an eager crowd of industry insiders. The venue, a masterpiece of mid-century [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korean steelmakers on Friday called for establishing a joint consultative body with the government to devise strategies for expected policy changes by the Donald Trump administration, the industry ministry said. Officials from major steelmakers, including POSCO and Hyundai Steel, made the call during a meeting with Industry Minister [...]
SEOUL, Nov. 22 (Korea Bizwire) – A major conference addressing the rights and working conditions of emotional laborers, who make up 40% of South Korea’s workforce, was held at Seoul City Hall on November 20, drawing approximately 500 participants including industry workers, experts, and officials. The conference, organized by the Seoul 120 Dasan Call Foundation, revealed [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korea expects to achieve an economic effect worth 59 trillion won (US$42 billion) by beefing up the country’s “zero carbon energy ecosystem” by 2033, the industry ministry said Friday. The Ministry of Trade, Industry and Energy has announced the 5th Energy Technology Plan, which presented its energy technology [...]
SEOUL, Nov. 22 (Korea Bizwire) – A mobility platform rivalry has intensified in South Korea as Tada operator VCNC announced plans for legal action against Kakao Mobility, accusing the tech giant of unfairly recruiting its drivers and mishandling personal information. According to industry sources on November 21, Tada is considering filing a complaint with the Fair [...]