SEJONG, Oct. 15 (Korea Bizwire) – As South Korea grapples with one of the world’s lowest birth rates, a new study suggests that rising income inequality may be a significant contributing factor, prompting calls for integrated redistribution and birth support policies. The research, presented at a recent fiscal policy forum by Lee Jong Ha, a professor [...]
Agreements further strengthen FDH’s relationship with COMAC and commitment to C919 COMMERCE, Calif., Oct. 14 (Korea Bizwire) — FDH Aero (“FDH”), a global provider of supply chain solutions for the aerospace and defense industry, has signed a strategic partnership agreement with Commercial Aircraft Corporation of China (COMAC) and a long-term agreement contract with COMAC’s wholly-owned [...]
SEOUL, Oct. 14 (Korea Bizwire) – As Free Ad-Supported Streaming TV (FAST) gains traction, companies and brands are increasingly launching their own channels on these platforms, viewing them as a new frontier for product and service promotion. FAST channels, which offer free content in exchange for watching advertisements, are primarily consumed on smart TVs. They combine [...]
SEOUL, Oct. 14 (Korea Bizwire) — A man has been awarded nearly 900 million won (US$665,926) in state compensation after being wrongfully convicted and imprisoned on spy charges more than five decades ago and recently acquitted by a court, a government gazette showed Monday. The Seoul High Court made a decision on Oct. 4, ordering [...]
SEOUL, Oct. 14 (Korea Bizwire) – YouTube’s decision to extend the maximum length of its short-form video service, Shorts, from 60 seconds to 3 minutes is set to reshape the competitive landscape of video platforms in South Korea. The change, effective October 15, was announced on YouTube Korea’s blog, operated by Google Korea. Todd Sherman, YouTube’s [...]
SEOUL, Oct. 14 (Korea Bizwire) — KG Mobility Corp. and Renault Korea Motors Co. have made strong challenges with their new models in the midsize SUV segment, which has been largely dominated by Hyundai Motor Group, according to industry data Monday. According to the Korea Automobile & Mobility Industry Association, KG Mobility’s Actyon and Renault [...]
SEOUL, Oct. 14 (Korea Bizwire) – The familiar “Settings” menu, long a staple of smartphone interfaces, may soon become a relic of the past on Samsung Galaxy devices. This shift reflects a broader trend in the digital manufacturing industry, where artificial intelligence (AI) is increasingly being used to interpret and execute user intentions without explicit commands. [...]
SEOUL, Oct. 14 (Korea Bizwire) — Kia Corp. said Monday it has released a revamped version of its Carnival minivan model with a suite of improved safety and convenience features along with upgraded value proposition. Kia has reinforced the steering control system of the Carnival to improve the model’s lane-keeping assistance feature, and has added [...]
DAEGU, Oct. 14 (Korea Bizwire) — Seven years after his debut in the Korea Baseball Organization, LG Twins left-hander Son Ju-young is finally playing in his first postseason in 2024. And the 25-year-old has been having a ton of fun — so much that he may be making up for lost time. And if you’ve [...]
SEJONG, Oct. 14 (Korea Bizwire) — The chief of the state-run Korea Electric Power Corp. (KEPCO) on Monday emphasized the importance of raising electricity bills to maintain investment in essential infrastructure and ensure the sustainability of the sector’s ecosystem. “We need to bolster the power grid on time to support the innovative growth of the [...]