SEOUL, Nov. 5 (Korea Bizwire) – The average wedding gift money in South Korea has risen to 90,000 won, reflecting a 23% increase since 2021, according to recent data analysis by KakaoPay of its digital money transfer envelope service. The mobile payment provider’s analysis, released on November 4, shows a steady upward trend in wedding gift [...]
SEOUL, Nov. 5 (Korea Bizwire) — BLACKPINK’s Rose has claimed U.S. Billboard’s global charts for the second consecutive week with “APT.,” her collaborative single with American pop star Bruno Mars. Billboard said on social media platform X on Monday (U.S. time) that the song secured No. 1 on both the Billboard Global 200 and the [...]
SEOUL, Nov. 5 (Korea Bizwire) — KT Corp., a major South Korean mobile carrier, on Tuesday showcased the world’s first artificial intelligence IPTV that supports advanced 8K resolution. The Korean company’s new Genie TV set-top box will support 8K resolution, the highest resolution standard for content creation, to upgrade the viewing experience for its users, [...]
SEOUL, Nov. 5 (Korea Bizwire) — Choi Jeong, the career home run leader in South Korean baseball, headlines the list of 20 free agents this offseason. The Korea Baseball Organization (KBO) announced Tuesday that 20 out of 30 players eligible for free agency this offseason will test the open market. Starting Wednesday, they are free [...]
SEOUL, Nov. 5 (Korea Bizwire) — Meta Platforms Inc., the parent company of Facebook and Instagram, was ordered to pay 21.6 billion won (US$15.6 million) in fines for collecting sensitive data from users without notice and handing it over to advertisers, South Korea’s data protection watchdog said Tuesday. The Personal Information Protection Commission said it [...]
SEOUL, Nov. 5 (Korea Bizwire) — North Korean leader Kim Jong-un has inspected flood-hit areas and called for expediting rehabilitation to ensure its completion before a plenary meeting of the ruling Workers’ Party of Korea (WPK) in December, state media reported Tuesday. The visit on Monday to North Phyongan Province, reported by the Korean Central [...]
SEOUL, Nov. 5 (Korea Bizwire) — Korea’s tradition of making fermented sauces using soybeans is likely to be added to UNESCO’s list of intangible cultural heritage. UNESCO said Tuesday its deliberative body has categorized “knowledge, beliefs, and practices related to jang-making in the Republic of Korea” as recommended for inscription. The Republic of Korea is [...]
SEOUL, Nov. 5 (Korea Bizwire) – China’s unprecedented decision to include South Korea in its visa-free policy could redirect the travel patterns of young Korean tourists, who have recently favored Japan as their primary destination in Asia. According to aviation industry sources on November 4, China will implement a visa waiver program for nine countries, including [...]
SEOUL, Nov. 5 (Korea Bizwire) – A recent survey has revealed that an overwhelming majority of South Korean small and medium-sized enterprises (SMEs) have yet to embrace artificial intelligence technology, highlighting a significant digital divide in the country’s business landscape. According to the results of a recent survey released on November 4 by the Korea Federation [...]
DAEJEON, Nov. 5 (Korea Bizwire) – The Korea Institute of Machinery and Materials (KIMM) announced on November 4 that researchers have developed an innovative nanofilm sensor that can diagnose building deterioration through color changes, marking a significant advance in structural health monitoring technology. Led by principal researcher Yoon Jae Sung of the department of nano manufacturing [...]