POHANG, South Korea, Feb. 13 (Korea Bizwire) — The mood outside Hyundai Steel’s Pohang Plant 2 is one of unease. Employees show up for work, but operations remain largely stalled. “We come in, but there’s no production. It’s frustrating,” a worker in his 40s, employed by Hyundai IMC, a Hyundai Steel subsidiary, said on Monday. [...]
SEOUL, Feb. 13 (Korea Bizwire) — Healthcare costs for age-related illnesses in South Korea, including dementia, have jumped approximately 28% over the past five years, reaching an estimated 6 trillion won, as the nation’s elderly population continues to expand. The number of South Koreans aged 65 and older covered by national health insurance and medical benefits [...]
SEOUL, Feb. 13 (Korea Bizwire) — The killing of an 8-year-old girl by a teacher at an elementary school in Daejeon, South Korea, has intensified calls for expanding closed-circuit television coverage to include classrooms, which are currently exempt from surveillance. According to the Seoul Metropolitan Office of Education, the city’s 603 elementary schools were equipped with [...]
Government and corporate leaders gather at Dubai’s World Governments Summit to chart an innovative roadmap for global governance, focusing on solutions in healthcare, education, technology, international trade, and mobility. DUBAI, United Arab Emirates, Feb. 13, 2025 (Korea Bizwire) – The 12th edition of the World Governments Summit (WGS 2025) launched on Tuesday in Dubai, bringing [...]
SEOUL, Feb. 13 (Korea Bizwire) — South Korea will implement virtual reality technology to help assess the driving capabilities of motorists aged 75 and older during their license renewal process, government officials announced on February 12. The initiative is part of a pedestrian safety action plan jointly developed by the Ministry of the Interior and Safety [...]
SEOUL, Feb. 12 (Korea Bizwire) — In a revealing test of China’s latest artificial intelligence chatbot, DeepSeek has drawn criticism for its inconsistent and politically charged responses to sensitive questions about historical and territorial disputes in East Asia. The AI, which garnered attention last month for reportedly outperforming ChatGPT in certain capabilities, responded to queries about [...]
SEOUL, Feb. 12 (Korea Bizwire) — The Korea Transportation Safety Authority (KTSA) reported on February 11 that approximately 70% of elderly drivers felt they received more courteous treatment and right-of-way considerations from other drivers after displaying “Senior Driver” signs on their vehicles. The initiative, launched in September last year in Busan, aimed to promote a more [...]
WASHINGTON, Feb. 11 (Korea Bizwire) – Two U.S. senators have introduced a bill to allow the U.S. Navy to build naval vessels in a trusted ally’s shipyard in order to modernize and expedite construction and procurement processes for U.S. maritime forces, according to one of the lawmakers. On Wednesday last week, Sen. Mike Lee (R-UT) [...]
SEOUL, Feb. 12 (Korea Bizwire) – South Korea’s antitrust regulator said Wednesday that it has launched a reinvestigation into allegations that the country’s four major banks colluded on setting lending limits, the loan-to-value (LTV) ratio. The Fair Trade Commission (FTC) has dispatched its investigators to the headquarters of Shinhan Bank and Woori Bank as part [...]
SEOUL, Feb. 12 (Korea Bizwire) — LG Electronics is continuing its tradition of celebrating employees’ children entering school by providing laptops and school supplies, reinforcing its commitment to work-life balance and family support. Since launching the initiative in 2021, LG Electronics has gifted approximately 22,000 laptops over the past five years. Employees can request a [...]