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South Korea’s Largest Robot Exhibition Opens, Showcasing AI Integration and Domestic Innovation

South Korea’s Largest Robot Exhibition Opens, Showcasing AI Integration and Domestic Innovation

SEOUL, Oct. 24 (Korea Bizwire) – RobotWorld 2024, South Korea’s largest robotics industry exhibition, opened on October 23 at KINTEX in Goyang, marking its largest edition yet in its 19-year history with 291 companies and institutions participating across 880 exhibition booths.  The four-day event, organized by the Ministry of Trade, Industry and Energy and co-hosted by the [...]

Seoul Unveils 103 Scenic Routes for Autumn Foliage Viewing

Seoul Unveils 103 Scenic Routes for Autumn Foliage Viewing

SEOUL, Oct. 24 (Korea Bizwire) – The Seoul Metropolitan Government announced on October 23 that it has designated 103 recommended routes for viewing autumn foliage across the city, expanding its previous list of 99 locations. The updated selection adds four new destinations: Ohyeon-ro 20-gil in Gangbuk District, the cypress forest in Bongsan of Eunpyeong District, Maeheon [...]

Gaming Giant NCSoft Retreats to Core Franchises Amid String of New Game Failures

Gaming Giant NCSoft Retreats to Core Franchises Amid String of New Game Failures

SEOUL, Oct. 23 (Korea Bizwire) – NCSoft, one of South Korea’s largest gaming companies, announced on October 22 a major restructuring that will see it abandon several new intellectual properties (IPs) to refocus on its successful “Lineage” series and other massively multiplayer online role-playing games (MMORPGs). The company will shut down multiple projects, including “Battle Crush,” [...]

Majority of South Koreans Support Pension Reform to Protect Future Generations

Majority of South Koreans Support Pension Reform to Protect Future Generations

SEOUL, Oct. 23 (Korea Bizwire) – A recent survey has revealed that 60% of South Korean adults support stabilizing the national pension system to ensure future generations can receive benefits at least equal to their contributions. The poll also showed that young people, particularly those in their 20s and 30s, harbor deep skepticism about the sustainability [...]

South Korea Mandates Ground-Level EV Charging Stations in Public Buildings to Reduce Fire Risks

South Korea Mandates Ground-Level EV Charging Stations in Public Buildings to Reduce Fire Risks

DAEJEON, Oct. 23 (Korea Bizwire) – In a significant move to boost electric vehicle safety, South Korea’s Public Procurement Service (PPS) announced on October 22 comprehensive measures to improve fire safety management and emergency response capabilities for public EV charging facilities.  The new guidelines require all future public buildings to have EV charging stations installed at [...]

Hyundai Motor Group Establishes Joint Lab with Leading Robotics Institutions

Hyundai Motor Group Establishes Joint Lab with Leading Robotics Institutions

SEOUL, Oct. 23 (Korea Bizwire) — Hyundai Motor Group said Wednesday it has established a joint research body with the country’s leading robotics research institutions to cooperate in future robotics projects. The automotive group said it has launched the Robotics Joint Research Lab in partnership with Seoul National University (SNU), Pohang University of Science and [...]

KEPCO to Raise Bills for Industrial Use amid Financial Strains

KEPCO to Raise Bills for Industrial Use amid Financial Strains

SEOUL, Oct. 23 (Korea Bizwire) — The state-run Korea Electric Power Corp. (KEPCO) said Wednesday it will raise electricity rates for industrial use while freezing those for households starting this week amid global energy price volatility and escalating financial strains. Under the decision, the electricity rate for industrial use will rise 9.7 percent on average [...]